Tag Archive: incometest

How The Self Employed Are Disadvantaged By The Income Test

Max Newnham - 4 Sep 2015

The income test for the age pension seriously disadvantages those s who are self-employed. A self-employed person earning $10,000 a year receives $3250 less in pension than a person that is employed. There are however ways that the impact of test can be reduced. The income test is made up of two thresholds that change each quarter. Income counted by…

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