Income Tested Fee Indicator

The Income Tested Fee can be a complex calculation. Should you require further information, please feel free to give us a call on 1300 781 586 or use the contact form.

Income Tested Fee Indicator Download PDF Document

Financial Assets ($)1 Deemed Income ($)2,3 Means Tested
Pension based on
Fin Assets4		 Allowed Income ($) Tested Income ($) Income Tested Fee ($)
Yearly Daily
110,900 2,907 17,469 20,376 0 0 0
143,100 3,873 17,379 20,376 876 365 1.00
175,000 4,830 16,900 20,376 1,354 564 1.55
250,000 7,080 15,775 20,376 2,479 1,033 2.83
500,000 14,580 9,942 20,376 4,146 1,728 4.73
800,000 23,580 0 20,376 3,204 1,335 3.66
1,000,000 29,580 0 20,376 9,204 3,835 10.51
1,500,000 44,580 0 20,376 24,204 10,085 27.63
2,000,000 59,580 0 20,376 39,204 16,335 44.75
2,427,000 72,390 0 20,376 52,014 21,673 59.38
  1. Financial assets such as bank accounts, managed funds, loans, bonds, debentures, shares, and gifts over $10,000 in any one year are deemed. Excluded from financial assets are Accommodation Bonds, your home, contents, holiday home, investment property, car, boat, caravan, pre-paid funerals, complying annuities and funeral bonds up to $10,750 per year.
  2. The first $42,000 of financial assets is deemed to earn 2% and everything above $42,000 is deemed to earn 3%. (First $70,000 for couples).
  3. If other income is received such as Superannuation, Overseas Pensions, Allocated Pensions, rental income** and certain types of annuities this income will need to be added in order to calculate the Income Tested Fee. ** Some exemptions may apply; speak with a Financial Adviser to discuss individual circumstances.
  4. Includes Means Tested Pensions such as the Age and Service Pensions, based on new pension rates as from 20-9-09.

These calculations are based on financial assets in the corresponding columns only, and are based on a single person who is a non-homeowner.