Centrelink offers a range of payments to a wide variety of people including retirees, the unemployed, parents, carers and people with disabilities. We can help you identify if you are eligible to receive a benefit payment, determine the payment amount and assist you in your application. Importantly, we can structure your financial affairs to maximise your Centrelink entitlement.
Common Centrelink Questions Answered…
Centrelink assesses your income from financial assets (e.g. bank accounts and shares etc) not by the actual income you receive but by deeming. Centrelink deems you to earn 1.00% p.a. on the first $51,800 (single) or $86,200 (couple) of financial assets and 3.00% p.a. on all financial assets above that level as at 28 September 2019.
NOTE: Account based pensions (ABP) that commenced on or after 1 January 2015 are subject to deeming. ABPs commenced prior to 1 January 2015, where a person was not receiving an income support payment from Centrelink/DVA before 1 January 2015, will be deemed.