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Financial assets and deeming 1 January 2019

Document
 Old rateNew RateDifference
Financial assets and deeming20/09/201801/01/2019 
Deeming thresholds Limit 
Single $      51,200.00 $      51,200.00 $               -  
Partnered (combined), including illness separated and respite care $      85,000.00 $      85,000.00 $               -  
Deeming rates   
Low deeming rate1.75%1.75%N/A
High deeming rate3.25%3.25%N/A
    
Financial asset notification limits (non-transitional)   
Single Limit 
Service pension max rate $ variation (homeowner) $    162,830.77 $    162,830.77 $               -  
Service pension max rate $ variation (non-homeowner) $    162,830.77 $    162,830.77 $               -  
ISS ceiling rate $ variation (homeowner) $    431,870.77 $    431,870.77 $               -  
ISS ceiling rate $ variation (non-homeowner) $    431,870.77 $    431,870.77 $               -  
Age pension max rate (homeowner) $    161,230.77 $    161,230.77 $               -  
Age pension max rate (non-homeowner) $    161,230.77 $    161,230.77 $               -  
Part rate $ variation (income) $        1,600.00 $        1,600.00 $               -  
Part rate $ variation (assets) $           500.00 $           500.00 $               -  
Partnered - combined Limit 
Service pension max rate $ variation (homeowner) $    285,630.77 $    285,630.77 $               -  
Service pension max rate $ variation (non-homeowner) $    285,630.77 $    285,630.77 $               -  
ISS ceiling rate $ variation (homeowner) $    658,000.00 $    658,000.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    846,830.77 $    846,830.77 $               -  
Age pension max rate (homeowner) $    282,430.77 $    282,430.77 $               -  
Age pension max rate (non-homeowner) $    282,430.77 $    282,430.77 $               -  
Part rate $ variation (income) $        3,200.00 $        3,200.00 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -  
    
Financial asset notification limits (transitional)   
Single Limit 
Service pension max rate $ variation (homeowner) $    163,230.77 $    163,230.77 $               -  
Service pension max rate $ variation (non-homeowner) $    163,230.77 $    163,230.77 $               -  
ISS ceiling rate $ variation (homeowner) $    414,590.77 $    414,590.77 $               -  
ISS ceiling rate $ variation (non-homeowner) $    414,590.77 $    414,590.77 $               -  
Age pension max rate (homeowner) $    161,230.77 $    161,230.77 $               -  
Age pension max rate (non-homeowner) $    161,230.77 $    161,230.77 $               -  
Part rate $ variation (income) $        2,000.00 $        2,000.00 $               -  
Part rate $ variation (assets) $           500.00 $           500.00 $               -  
Partnered - combined Limit 
Service pension max rate $ variation (homeowner) $    286,430.77 $    286,430.77 $               -  
Service pension max rate $ variation (non-homeowner) $    286,430.77 $    286,430.77 $               -  
ISS ceiling rate $ variation (homeowner) $    618,000.00 $    618,000.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    825,000.00 $    825,000.00 $               -  
Age pension max rate (homeowner) $    282,430.77 $    282,430.77 $               -  
Age pension max rate (non-homeowner) $    282,430.77 $    282,430.77 $               -  
Part rate $ variation (income) $        4,000.00 $        4,000.00 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -