I have employment income this FYE of about $600 and my only other income is my seniors pension of $7000. I meet all the other criteria but is there a minimum employment income amount required and is the pension income included in working out the 10% employment income.
Age pension is not employment income.
Employment income needs to be at least $ 700 = $ 7700 x 10%
Age pension is not employment income.
Employment income needs to be at least $ 700 = $ 7700 x 10%
Employment income needs to be at least 10% of total income i.e. at least one-ninth of non-employment income. If non-employment income is $7,000, employment income would need to be $778 or higher i.e. $7,778 x 10% =$777.80.
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