Family situation | Annual income limit |
---|---|
Single | $95,400 |
Couple (combined) | $152,640 |
Couple, illness‑separated (combined) | $190,800 |
For each additional child add | $639.60 |
Amounts shown are for the period 1 Jul 2024 – 19 Sep 2024.
1 |
Income for CSHC is adjusted taxable income (see table below) plus deeming on non-grandfathered account-based pensions held by a client, or partner, who is age 60 or over. |
Indexed 20 September each year.
Pensioners over Age Pension age who lost entitlement to the pension on 1 January 2017 due to the asset test changes were issued with a non-income tested CSHC.
Adjusted Taxable Income (ATI) |
---|
taxable income |
+ 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 |
- assessable First Home Super Saver released amounts |