Annual pension rate
45UF Annual pension rate
For the purposes of this Division, a person’s annual pension rate is set out in the following table:
Annual pension rate | ||
|---|---|---|
Item | In this case: | The person’s annual pension rate is: |
1 | The person: (a) is granted an age service pension or a partner service pension; and (b) is not permanently blind; and (c) is not a war widow/war widower—pensioner | the rate that would be the person’s provisional payment rate under method statement 1 in subpoint SCH6‑A1(2), ascertained as at the date of the grant, if it were assumed that the person’s maximum payment rate were the sum of: (a) the person’s maximum basic rate under Module B of the Rate Calculator; and (b) the person’s pension supplement basic amount |
2 | The person: (a) is granted an age service pension or a partner service pension; and (b) is permanently blind; and (c) is not a war widow/war widower—pensioner | the sum of: (a) the person’s maximum basic rate under Module B of the Rate Calculator; and (b) the person’s pension supplement basic amount; ascertained as at the date of the grant |
3 | The person: (a) is granted an age service pension; and (b) is not permanently blind; and (c) is a war widow/war widower—pensioner | the lesser of the following rates (or, if the rates are the same, the first rate): (a) the person’s ceiling rate under point SCH6‑A4, ascertained as at the date of the grant; (b) the rate that would be the person’s provisional payment rate under method statement 1 in subpoint SCH6‑A1(2), ascertained as at the date of the grant, if it were assumed that the method statement applied and the person’s maximum payment rate were the sum of: (i) the person’s maximum basic rate under Module B of the Rate Calculator; and (ii) the person’s pension supplement basic amount |
4 | The person: (a) is granted an age service pension; and (b) is permanently blind; and (c) is a war widow/war widower—pensioner | the person’s ceiling rate under point SCH6‑A4, ascertained as at the date of the grant |
5 | The person: (a) is granted income support supplement; and (b) is not permanently blind | the rate that would be the person’s provisional payment rate under method statement 5 in subpoint SCH6‑A1(6), ascertained as at the date of the grant, if it were assumed that the person’s maximum payment rate were the sum of: (a) the person’s maximum basic rate under Module B of the Rate Calculator; and (b) the person’s pension supplement basic amount |
6 | The person: (a) is granted income support supplement; and (b) is permanently blind | the person’s ceiling rate under point SCH6‑A4, ascertained as at the date of the grant |
The annual pension rate is to be worked out under subsection (1) by disregarding the amendments made by Part 1 of Schedule 1 to the Social Services and Other Legislation Amendment (Simplifying Income Reporting and Other Measures) Act 2020.
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