Income and asset limits

You usually can’t get JobSeeker Payment if you have income or assets over a certain amount.

Income limits

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
Partnered.

$995.50 for your income.
$3,070.80 for your partner’s income when you have income less than $106. This is a temporary increase from 27 April 2020 due to coronavirus (COVID-19) for JobSeeker Payment customers.

Find out more about different rates of income you can earn.

Asset limits

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.

Family situation Homeowners Non-homeowners
Single. $268,000 $482,500
Couple combined. $401,500 $616,000
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