1.1.I.55 Individual PPL income limit
Definition
The individual PPL income limit is:
- $151,350 if the reference income year (1.1.R.10) is 2020–21
- $156,647 if the reference income year is 2021-22
- $168,865 if the reference income year is 2022-23
- $175,788 if the reference income year is 2023-24.
The individual PPL income limit is to be indexed on 1 July (the indexation day) each year, commencing on 1 July 2021 in respect of the 2020-21 reference year.