188.8.131.52 Single person 22 years & over, no dependents, income over $300 per fortnight
This topic shows the basic rate calculation using Benefit Rate Calculator B. The recipient has income of $360.00 per fortnight from investments and is in private rental accommodation (not shared).
The following table shows the steps involved in the basic rate calculation. The rates and income test parameters used applied at 20 September 2022 and are shown in dollars per fortnight. Current rates can be found in the A guide to Australian Government payments booklet on the Services Australia website.
|1||Determine recipient's ordinary income (1.1.O.30)||360.00|
Apply the personal income test to this amount:
RESULT: INCOME REDUCTION
Determine the maximum payment rate:
RESULT: MAXIMUM PAYMENT RATE
Subtract the income reduction from the maximum payment rate:
RESULT: RATE OF ALLOWANCE
Note 1: For recipients of age pension age, the pension supplement will be added to the maximum payment rate determined at step 3.
Policy reference: SS Guide 3.15.2 ES - qualification & payability