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Other Non-taxable Payments
Last amended: 5 March 2013
Funeral benefits
Funeral benefits paid in respect of a deceased veteran or the deceased dependant of a deceased veteran are not taxable.
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Pension Bonus Scheme
Lump sum payments made under the pension bonus scheme are not taxable.
Home Equity Access Scheme
The loan component of any amount (fortnightly payment or lump sum payment) received under the Home Equity Access Scheme is not taxable. If the fortnightly payment is comprised of both an amount under the Home Equity Access Scheme and an amount of service pension or income support supplement (ISS), only the amount paid under the Home Equity Access Scheme is non-taxable. The tax status of the service pension or ISS portion of the fortnightly payment is not affected by being paid with the Home Equity Access Scheme amount.
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Energy Supplement
Energy supplement is not taxable.
Taxable components of the pension loans scheme
11.6.3/Non-taxable Income Support Payments
Chapter 5.4 Home Equity Access Scheme
ISS is an income support payment that may be paid to eligible war widows and widowers under the VEA and persons receiving wholly dependent partners' compensation under the MRCA, and who satisfy the means tests. It is an indexed rate, increased twice-yearly in March and September in line with changes to the cost of living and/or average wages. Income Support Supplement (ISS) legislation commenced on 20 March 1995. It is a payment created to replace the ceiling rate income support age, carer, wife and disability support pensions, paid to war widows/widowers by Centrelink.