Once again I note that the deeming rules have been ignored in this article. The amount of income for the income test in this instance has nothing to do with the amount earned, but the amount Centrelink 'deem' you could earn.

So if you earned 2%, centrelink would still deem that you earned 4.5%(that has been halved for covid, but WILL revert). In fact, you can be making a loss and still be deemed to make 4.5%. I know, it happened to me.

Oh, and the $451,000 in assests may not exceed the asset test, but 9ver $100k for a couple is deemed as earning 4.5% (once covid halving is reverted). That's $300 a week, which would definitely affect your pension.

Look up deeming on the centrelink website, and ignore the nicely halved current rate of 2.25%. It's going back to 4.5%.

I'm disappointed in this advice. Again.

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Inheriting 95k and you're worried about losing your pension (until such point you requalify for it). Just greed. Count yourself lucky you are getting any money; there's people who have nothing and would LOVE 95 grand right now. Greedy.

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