Income and assets limits for Widow B Pension, from 1942

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Date of effect

Income before pension reduced under
 income test
($ pa)(a)

Property/Asset test

($)(a)

Assets allowed before no pension payable

Assets allowed before pension reduced under assets test

27.07.42

65

800

100

13.08.46

104

1 300

100

26.10.48

156

1 500

200

06.11.51

156

2 000

200

05.11.53

208

2 500

300

19.10.54

364

3 500

400

28.10.58

364

4 500

400

 

Means as assessed(b)

 

 

14.03.61

364

400

19.10.66

364

400

02.05.67

520

400

30.09.69

520

400

10.10.72

1 040

400

Income before pension reduced under income test(c)

 

25.11.76

1 040

04.11.82

1 560

Assets allowed before pension reduced under assets test(d)

Homeowner

Non-homeowner

21.03.85

1 560

70 000

120 000

01.05.86

1 560

75 750

129 750

25.06.87

1 560

83 250

143 250

09.07.87

2 080

83 250

143 250

23.06.88

2 080

89 250

153 250

22.06.89

2 080

96 000

164 500

21.06.90

2 080

103 500

177 500

01.07.91

2 184

110 750

190 250

01.07.92

2 236

112 500

193 000

01.07.93

2 288

112 750

193 250

01.07.94

2 340

115 000

197 000

 

 

Homeowner

Non-homeowner

01.07.95

2 444

118 000

202 000

01.07.96

2 548

124 000

212 500

01.07.97

2 600

125 750

215 750

01.07.98

2 600

125 750

215 750

01.07.99

2 652

127 750

219 250

01.07.00

2 756

133 250

228 750

01.07.01

2 912

141 000

242 000

01.07.02

3 016

145 250

249 750

01.07.03

3 120

149 500

257 500

01.07.04

3 172

153 000

263 500

01.07.05

3 224

157 000

270 500

01.07.06

3 328

161 500

278 500

01.07.07

3 432

166 750

287 750

01.07.08

3 588

171 750

296 250

01.07.09

3 692

178 000

307 000

01.07.10

3 796

181 750

313 250

01.07.11

3 900

186 750

321 750

01.07.12

3 952

192 500

332 000

(a) Income and asset limits prior to 1966 converted to dollars for consistency.

(b) Merged means test introduced. Maximum pension reduced by amount ‘means as assessed’ (income plus property component) exceeded limit.
(c) Income-only test introduced.
(d) Assets test introduced.

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