Income and asset limits
You usually can’t get JobSeeker Payment if you have income or assets over a certain amount.
We’ve increased the amount of income your partner can earn before it stops your payment. This is so more people can access JobSeeker Payment.
When your income reaches these amounts your JobSeeker Payment reduces to zero. These amounts may be higher if you get Rent Assistance.
If you submitted a claim between 23 March and 26 April 2020 we’ll reassess your claim with the higher income limit. You don’t need to contact us or submit your claim again.
|Family situation||Payment reduces to nil once your income reaches this amount per fortnight|
|Single with no children.||$1,088.50|
|Single, 60 years of age or older and have been receiving payment for at least 9 months continuously.||$1,177.17|
|Single, principal carer, with a dependent child.||$1,675.25|
|single principal carer of a dependent child, granted an exemption from mutual obligation requirements||$2,126.75|
|Single, 60 years of age or older, and a principal carer with a dependent child. You must have been getting payment for at least 9 months continuously.||$1,675.25|
|Single, with a dependent child but not the principal carer.||$1,166.84|
$995.50 for your income.
Find out more about different rates of income you can earn.
We’re waiving the JobSeeker Payment asset limit for new claims from 23 March 2020. The income limit will still apply.
When the asset test is reinstated, your payment would cancel when your assets are more than the following amounts. These amounts may be higher if you get Rent Assistance.
|One partner eligible, combined assets.||$401,500||$616,000|
Find out more about different kinds of assets you need to report.
Page last updated: 1 July 2020
This information was printed 10 July 2020 from https://www.servicesaustralia.gov.au/individuals/services/centrelink/jobseeker-payment/how-much-you-can-get/income-and-asset-limits. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.