Your Low Income Card calculations are based on your average weekly assessable income for the eight weeks immediately before claiming. The eight-week assessment period ends on the new claim date.
For example: if you lodge a claim on 1 January 2024, then you must provide the last eight weeks of income that you have earned. The eight-week period up until your new claim date of 1 March 2024 would be from 6 January 2024 to 1 March 2024.
Note: You do not need to include income from financial investments (bank accounts, shares etc.) which you have already declared your claim
Low income healthcare card calculations are as follows
- Self-Employment – If you do not earn income from self-employment, leave this field as $0.
- Wages or salary (including salary sacrificed contributions to superannuation) – If you do not earn income from paid employment leave this field as $0.
- Government payments – You need to list all Government payments and amounts (except for Family Tax Benefit).
- Scholarships or bursaries
- Sporting or match payments
- Other – Examples of ‘other’ income include:
- Income from property such as rent;
- Regular gifts or annuities
- Workers’ compensation