Proportional Income - Agreement with Spain

Proportional income

Article 10 - Calculation of Australian Benefits - provides that only a proportion of any Spanish benefit is to be assessed as income when calculating the rate of Australian pension paid overseas. This concessional treatment only applies when the person's Australian benefit is proportionalised ( See for the general method of working out proportional income.

See also for details of Spanish benefits disregarded from Australia's income test under Article 10.

Act reference: SS(IntAgree)Act Schedule 5 Spain

Policy reference: SS Guide Calculating proportional income under agreements, Exempt Payments - Agreement with Spain

Last reviewed: 9 November 2015