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What is deeming?
Deeming is the term which describes the method used by Centrelink and Veteran’s Affairs to calculate your assessable income from certain investments when determining the level of entitlement to be paid. Deeming means that you are assumed to earn a certain return on ‘financial’ investments, irrespective of the...
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The Disability Support Pension (DSP) aims to provide a level of support to people whose physical, intellectual or psychiatric impairment prevents them from working. This pension is also payable to people who are permanently blind.
The rate of DSP and the income and assets test are the same as for the Age Pension.
Basic conditions of...
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A Maternity Payment of $5,185 is paid to families for each child born after 1 January 2009. This payment replaces the previous Maternity Allowance and Baby Bonus arrangements.
From 1 January 2009 the payment will only be available where the estimated combined adjusted taxable income (ATI) is not greater than $75,000 in the six months following...
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Newstart Allowance (NSA) serves to support those who are actively seeking employment or temporarily incapacitated. Certain criteria must be met before the applicant becomes eligible and these include:
The applicant must be unemployed, or regarded as unemployed (this can include some people who work),
Aged 21 or over but under Age...
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A recurrence of life-changing incidents within a circle of contacts often brings the subject of Estate Planning back into focus. This is an area that each of us who has dependants, particularly financial dependants, owe it to them to ensure that what is being provided for their ongoing well-being is both secured for them and delivered in as...
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