FirstTech
FY25 Pocket Guide

  • Family situation Fortnightly1 Yearly1

    Single, 22 or over, no child(ren)

    $771.50

    $20,059.00

    Single, 22 or over, dependant children but not the principal carer

    $826.40

    $21,486.40

    Single, principal carer with dependant children2 $833.20
    $21,663.20
    Single, 55 or over, after 9 months on payment2

    $833.20

    $21,663.20

    Member of a couple (each)

    $706.20

    $18,361.20

    Rates shown are for the period 1 Jul 2024 – 19 Sep 2024.

    1

    Includes Energy Supplement

    2

    Includes Pharmaceutical allowance of $6.80pf

     

  • Family situation Asset threshold

    Single homeowner

    $314,000

    Single non‑homeowner

    $566,000

    Couple homeowners (combined)

    $470,000

    Couple non‑homeowners (combined)

    $722,000

    Amounts shown are for the period 1 Jul 2024 – 30 Jun 2025.

    No payment if assets exceed the asset threshold.

  • Family situation Lower threshold pf Upper threshold pf Cut-off threshold pf
    Single, 22 or over, no child(ren) $150 $256 $1,453.50
    Single, 22 or over, dependant children but not the principal carer $150 $256 $1,545.00
    Single, principal carer with dependant children1 $150 N/A $2,233.00
    Single, 55 or over, after 9 months on payment1 $150 $256 $1,556.34
    Member of a couple (each) $150 $256 $1,344.67

    Amounts shown are for the period 1 Jul 2024 – 19 Sep 2024.

    1

    Includes Pharmaceutical Allowance of $6.80pf.

     

    Cut-off thresholds are indexed 20 March and 20 September.  

    Fortnightly income between $150 and $256 reduces fortnightly JobSeeker Payment by 50 cents in the dollar. Income above $256 reduces fortnightly JobSeeker Payment by 60 cents in the dollar. 

    For single principal carers, with dependant children, income above $150 pf reduces fortnightly JobSeeker Payment by 40 cents in the dollar.

    For couples where one receives JobSeeker Payment and the other receives a pension, half the combined income of the couple is applied to the personal income test.

    Cut-off limits are higher if client qualifies for rent assistance.

  • Partner income test1 Partner income threshold pf Partner cut-off threshold2 pf

    Client receiving JobSeeker Payment 

    $1,345.00

    $2,522.00

    Rates shown are for the period 1 Jul 2024 – 19 Sep 2024.

    1

    Partner income test applies where client is a member of a couple and the partner is not a Centrelink or DVA pensioner. Please see the FirstTech Social Security Guide for further information on income testing for couples where one member of the couple is a pensioner.

    2

    Partner cut-off threshold assumes the client is earning less than $150 pf. For clients receiving JobSeeker Payment, the partner’s fortnightly income that exceeds $1,345 reduces fortnightly JobSeeker Payment by 60 cents in the dollar. This allows a person with income below $150 pf to receive the JobSeeker Payment provided their partner earns less than $2,522.00 pf ($65,572 pa).

     

  • Status Fortnightly

    Payable in respect of each person receiving care

    $153.50

    Indexed 1 January each year.

  • There is no assets test for Carer Allowance.

  • Description Yearly

    Combined annual income of carer and partner (if any) must be under

    $250,000

    Income for Carer Allowance income test
    Adjusted taxable income (ATI)
    Deemed income from account-based pensions held by a client, or partner, who is age 60 or over
  • Adjusted Taxable Income (ATI)

    Taxable income (disregarding any assessable First Home Super Saver Scheme released amount)

    + assessable fringe benefits exceeding $1,000
    + target foreign income
    + total net investment loss
    + tax free Government pensions or benefits
    + Paid Parental Leave income
    + reportable superannuation contributions
    - deductible child maintenance expenditure