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            CM&Co DSP Calculator                
       
           
               

CM&Co Services

               

DSP Income Calculator

           
                        

                Calculate your fortnightly DSP payment based on your income and Work Bonus.            

                       
               
                                                       
               
                                                       
               
                                                           

                        You can find this balance by signing in to myGov and selecting 'My payments' under 'Payments and claims'.                    

               
               
                                                       
                           
                               
                
           

Working Within the 29-Hour Limit

           

You can work up to 29 hours per week and still receive your full DSP payment, as long as your income falls within the income test limits.

           

You need to report your employment income and hours to Services Australia.

           

If your income exceeds the cut-off point, your DSP payment will be reduced or potentially reduced to zero for that period.

       
               
           

Disability Support Pension Income Test Rules

                        

Income test

           

Your income can reduce how much we pay you. We use the pension income test to assess the Disability Support Pension (DSP).

           

What an income test is

           

We assess your and your partner’s income from all sources. This includes financial assets such as superannuation if you are over Age Pension age. To work out how much income your financial assets produce, we use deeming. If you’re paid employment income, read about working while you’re getting Disability Support Pension.

           

Pensions have income and asset limits. If you’re over these limits, you get a lower pension.

           

If you’re permanently blind and get DSP, we don’t use the income test unless you get Rent Assistance.

           

What the standard rules are

           

These are the income rules for most pensioners. Read about the Work Bonus and how it can help you earn more income from working without reducing your pension when you are over Age Pension age.

                        

Single person

           
                                                                                                                                                                                                                                                                                                                                                                                                                                       
Income per fortnightAmount your pension will reduce by
$218 or less$0
Over $21850 cents for each dollar over $218
           
           

Couple living together or apart due to ill health

           
                                                                                                                                                                                                                                                                                                                                                                                                                                       
Combined income per fortnightAmount your combined pension will reduce by
$380 or less$0
Over $38050 cents for each dollar over $380
           
           

What the transitional rules are

           

These are the income rules for transitional rate pensioners, except for DSP customers who at 19 September 2009 met both of the following:

           
                   
  • were younger than 21 years
  •                
  • had no dependent children.
  •            
                        

Single person

           
                                                                                                                                                                                                                                                                                                                                                                                                                                       
Income per fortnight isAmount your pension will reduce by
Up to $218$0
Over $21840 cents for each dollar over $218
           
                        

Couple living together or apart due to ill health

           
                                                                                                                                                                                                                                                                                                                                                                                                                                       
Combined income per fortnightAmount your combined pension will reduce by
Up to $380$0
Over $38040 cents for each dollar over $380
           
                        

Transitional rate with dependent children

           

You can earn up to an extra $24.60 per fortnight for each dependent child without reducing your pension. Couples living together and both getting a pension can each earn an extra $12.30 per fortnight for each dependent child.

           

What the cut off points are

           

If your income in a fortnight goes over the cut off point, we’ll pay you $0 for that fortnight.

           

Your cut off point may be higher if you get Rent Assistance or Work Bonus. Your cut off point may be lower if you don’t live in Australia.

           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Your situationFortnightly income cut off point
21 or older, single$2,516.00
21 or older, couple living together$3,844.40 combined
21 or older, couple living apart due to ill health$4,976.00 combined
18 to 20, single, no children, at home$1,508.40
16 to 17, single, no children, at home$1,382.60
16 to 20, single, no children, independent$1,895.00
16 to 20, couple, no children$3,720.40 combined
Transitional rate 21 or older, single$2,580.00
Transitional rate 21 or older, couple living together$4,191.50 combined
Transitional rate 21 or older, living apart due to ill health$5,104.00 combined
           
                        

Transitional rate with dependent children

           

You can earn up to an extra $24.60 per fortnight for each dependent child without reducing your pension. Couples living together and both getting a pension can each earn an extra $12.30 per fortnight for each dependent child.

           

What the cut off points are

           

If your income in a fortnight goes over the cut off point, we’ll pay you $0 for that fortnight.

           

Your cut off point may be higher if you get Rent Assistance or Work Bonus. Your cut off point may be lower if you don’t live in Australia.

           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Your situationFortnightly income cut off point
21 or older, single$2,516.00
21 or older, couple living together$3,844.40 combined
21 or older, couple living apart due to ill health$4,976.00 combined
18 to 20, single, no children, at home$1,508.40
16 to 17, single, no children, at home$1,382.60
16 to 20, single, no children, independent$1,895.00
16 to 20, couple, no children$3,720.40 combined
Transitional rate 21 or older, single$2,580.00
Transitional rate 21 or older, couple living together$4,191.50 combined
Transitional rate 21 or older, living apart due to ill health$5,104.00 combined
           
       
               
           

Disclaimer and Terms of Use

           

This calculator is provided for general informational purposes only and is a guide to assist you. It should not be considered a substitute for professional financial or legal advice.

           

CM&Co Services and its representatives make no representations or warranties, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information, products, or services contained in this calculator for any purpose.

           

The Disability Support Pension (DSP) rules are complex and can change. For an accurate and official calculation of your DSP payment, you must contact Services Australia directly. Any reliance you place on the information from this calculator is strictly at your own risk.

           

In no event will CM&Co Services be liable for any loss or damage, including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from the use of this calculator.