5.5.1.70 Single person, no children, receiving RA
Method used prior to 20 September 2009
This example shows the basic rate calculation using Pension Rate Calculator A. The person has a rate of ordinary income (1.1.O.30) of $6,500.00 a year and pays annual rent of $3,900.
The following table shows the steps involved in the basic rate calculation. The rates used applied at 20 September 2000. Current rates can be found in the A guide to Australian Government payments booklet on the Services Australia website.
Step | Action | $ |
---|---|---|
1 |
Determine the maximum payment rate: RESULT: MAXIMUM BASIC RATE |
10,246.60 1,462.50 145.60 11,854.70 |
2 |
Determine the income reduction using Module E:
RESULT: ORDINARY INCOME EXCESS |
6,500.00 2,756.00 3,744.00 |
3 |
Determine 40% of the ordinary income excess RESULT: TOTAL INCOME DEDUCTION |
1,497.60 |
4 |
Subtract the total income deduction from the maximum payment rate:
RESULT: INCOME REDUCED RATE |
11,854.70 1,497.60 10,357.10 |
5 |
Divide the income reduced rate by 26 RESULT: FORTNIGHTLY PAYMENT RATE |
398.35 |
*The figures in Module B are modified by the factors in Module BA - Amount of Pension Supplement.
Act reference: SSAct section 13(1)-'rent', section 1064(1) Rate of age and disability support pensions and CP (people who are not blind)
SS(Admin)Act section 54 Rounding off instalments of social security payments