Age pension

Age pension

age_pension(fortnightly_income = 0, annual_income = fortnightly_income
  * 26, has_partner = FALSE, n_dependants = 0L,
  partner_fortnightly_income = 0,
  partner_annual_income = partner_fortnightly_income * 26,
  partner_pensioner = has_partner, Date = NULL, fy.year = NULL,
  assets_value = 0, financial_assets = 0, is_home_owner = FALSE,
  illness_separated_couple = FALSE, per = c("year", "fortnight"))

Arguments

fortnightly_income, annual_income	Income for means-testing purposes. Provide one but not both.
has_partner	(logical, default: FALSE) Does the individual have a partner?
n_dependants	How many dependants does the individual have? Default is zero.
partner_fortnightly_income, partner_annual_income	The partner's income. The sum of this value and the indiviudal's income gives the income test.
partner_pensioner	(logical, default: TRUE) Is the individual's partner also in receipt of the age pension?
Date, fy.year	The financial year. Currently only 2015-16 is supported (the most recent survey of income and housing results).
assets_value	Total value of household assets.
financial_assets	Assets which earn incomes for which deeming rates apply.
is_home_owner	(logical, default: FALSE) Does the individual own their own home?
illness_separated_couple	Is the couple separated by illness? (Affects the assets test.)
per	Specifies the timeframe in which payments will be made. One of "year" and "fortnight".

Value

Returns the age pension payable for each individual defined by the arguments, assuming otherwise eligible.

Details

Currently does not include the age pension supplement.