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Means Testing/Means Tested
Means testing is application of the income test and the assets test to determine a person's rate of pension. The rate that is payable to a person is the lesser of the rates determined under each test. All income support pensions paid by DVA are means tested.
One element of the means test for income support pensions whereby the rate of pension payable to a pensioner reduces progressively as their income increases above a certain threshold known as the income free area (IFA).
One element of the means test for income support pensions whereby the rate of pension payable to a pensioner reduces progressively as their assets increase above a certain threshold known as the assets value limit (AVL).
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