5GAPension supplement rate definitions

#### 5GA Pension supplement rate definitions (1) In this Act, the combined couple rate of pension supplement is $2,199.60. > Note 1: This rate is indexed 6 monthly in line with CPI increases (see sections 59B to 59E). > Note 2: This rate is an annual rate. (2) In this Act, the combined couple rate of minimum pension supplement is $1,185.60. > Note 1: This rate is indexed 6 monthly in line with CPI increases (see sections 59B to 59E). > Note 2: This rate is an annual rate. (3) In this Act, a person’s minimum pension supplement amount is the amount worked out by: (a) applying the applicable percentage in the following table to the combined couple rate of minimum pension supplement; and (b) if: (i) the person is not partnered; and (ii) the amount resulting from paragraph (a) is not a multiple of $2.60; rounding the amount up or down to the nearest multiple of $2.60 (rounding up if the amount is not a multiple of $2.60 but is a multiple of $1.30). | Item | Person’s family situation | Use this % | | ---- | ---------------------------------- | ---------- | | 1 | Not member of couple | 66.33% | | 2 | Partnered | 50% | | 3 | Member of illness separated couple | 66.33% | | 4 | Member of respite care couple | 66.33% | > Note: A person’s minimum pension supplement amount is an annual rate. (4) In this Act, a person’s pension supplement basic amount depends on which family situation in the following table applies to the person. The person’s pension supplement basic amount is the corresponding amount set out in the table. | Item | Person’s family situation | Amount | | ---- | ---------------------------------- | ------- | | 1 | Not member of couple | $509.60 | | 2 | Partnered | $426.40 | | 3 | Member of illness separated couple | $509.60 | | 4 | Member of respite care couple | $509.60 | > Note 1: Each amount in the table will be indexed 6 monthly in line with CPI increases (see sections 59B to 59E). > Note 2: A person’s pension supplement basic amount is an annual rate. (5) In this Act, the daily rate of tax‑exempt pension supplement, for a person who is receiving a service pension, income support supplement or a veteran payment is the amount a day worked out using the table. ```html <table cellspacing="0" cellpadding="0" style="width:294.05pt; margin-left:56.7pt; border-collapse:collapse"><thead><tr><td colspan="3" style="width:283.25pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Tax</span><span>‑</span><span>exempt pension supplement</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext" style="page-break-inside:avoid; page-break-after:avoid"><span style="font-weight:bold">Item</span></p></td><td style="width:88.2pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext" style="page-break-inside:avoid; page-break-after:avoid"><span style="font-weight:bold">Payment received</span></p></td><td style="width:148.55pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext" style="page-break-inside:avoid; page-break-after:avoid"><span style="font-weight:bold">Amount a day of tax</span><span style="font-weight:bold">‑</span><span style="font-weight:bold">exempt pension supplement</span></p></td></tr></thead><tbody><tr><td style="width:24.9pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:88.2pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext" style="page-break-inside:avoid"><span>Service pension or veteran payment</span></p></td><td style="width:148.55pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext" style="page-break-inside:avoid"><span>The amount worked out by:</span></p><p class="Tablea" style="page-break-inside:avoid"><span>(a) subtracting the person’s pension supplement basic amount from the person’s pension supplement amount; and</span></p><p class="Tablea" style="page-break-inside:avoid"><span>(b) dividing the result of paragraph</span><span> </span><span>(a) by 364</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>2</span></p></td><td style="width:88.2pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>Income support supplement</span></p></td><td style="width:148.55pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>The person’s minimum pension supplement amount divided by 364</span></p></td></tr></tbody></table> ``` > Note: The portion of the person’s service pension, income support supplement or veteran payment equal to the tax‑exempt pension supplement is exempt from income tax (see sections 52‑65 and 52‑70 of the Income Tax Assessment Act 1997). (6) If a person is receiving a service pension at a rate that: (a) is worked out under subpoint SCH6‑A1(4) of Schedule 6 and is the revised rate; or (b) is worked out under subpoint SCH6‑A1(5) of Schedule 6; subsection (5) applies in relation to the person and the pension as if the person had a pension supplement amount equal to what would be the person’s pension supplement amount if the person were receiving the service pension at the rate worked out under subpoint SCH6‑A1(4) of Schedule 6 and equal to the provisional rate.