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
- $180,007 if the reference income year is 2024–25.
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.
Act reference: PPLAct section 6-'individual PPL income limit', section 37 When a person satisfies the income test, section 41 The individual PPL income limit and family PPL income limit, section 42 Indexation of individual and family PPL income limits
Policy reference: PPL Guide 2.3 PPL scheme income test for PLP, 1.1.I.50 Indexation of PPL income limits