Income support asset limits 1 July 2015 | Compensation and Support Reference Library, Payment Rates, Historical Payment Rates, 2015 rates, 1 July 2015

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Income support asset limits 1 July 2015

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  Old rate New Rate Difference
Income support asset limits 20/03/2015 01/07/2015  
Assets value limit      
Homeowner   Limit  
Single $202,000.00 $205,500.00 $3,500.00
Partnered (each) including illness separated and respite care $143,250.00 $145,750.00 $2,500.00
Non-homeowner   Limit  
Single $348,500.00 $354,500.00 $6,000.00
Partnered (each) including illness separated and respite care $216,500.00 $220,250.00 $3,750.00
       
Extra allowable amount   Limit  
Extra allowable amount $146,500.00 $149,000.00 $2,500.00
       
Asset Levels at which SP/AP ceases (non-transitional)      
Low Limit   Limit  
Not a Member of a Couple $775,500.00 $779,000.00 $3,500.00
Partnered - combined $1,151,500.00 $1,156,500.00 $5,000.00
Illness Separated - combined $1,433,500.00 $1,438,500.00 $5,000.00
High Limit (without RA)   Limit  
Not a Member of a Couple $922,000.00 $928,000.00 $6,000.00
Partnered - combined $1,298,000.00 $1,305,500.00 $7,500.00
Illness Separated - combined $1,580,000.00 $1,587,500.00 $7,500.00
       
Asset Levels at which ISS ceases (non-transitional)      
Low Limit   Limit  
Not a Member of a Couple $766,250.00 $769,750.00 $3,500.00
Partnered - combined $1,137,000.00 $1,142,000.00 $5,000.00
Illness Separated - combined $1,415,000.00 $1,420,000.00 $5,000.00
High Limit (without RA)   Limit  
Not a Member of a Couple $912,750.00 $918,750.00 $6,000.00
Partnered - combined $1,283,500.00 $1,291,000.00 $7,500.00
Illness Separated - combined $1,561,500.00 $1,569,000.00 $7,500.00
       
Asset Levels at which SP/AP ceases (transitional)      
Low Limit   Limit  
Not a Member of a Couple $686,000.00 $689,500.00 $3,500.00
Partnered - combined $1,067,500.00 $1,072,500.00 $5,000.00
Illness Separated - combined $1,254,500.00 $1,259,500.00 $5,000.00
High Limit (without RA)   Limit  
Not a Member of a Couple $832,500.00 $838,500.00 $6,000.00
Partnered - combined $1,214,000.00 $1,221,500.00 $7,500.00
Illness Separated - combined $1,401,000.00 $1,408,500.00 $7,500.00
       
Asset Levels at which ISS ceases (transitional)      
Low Limit   Limit  
Not a Member of a Couple $676,500.00 $680,000.00 $3,500.00
Partnered - combined $1,053,000.00 $1,058,000.00 $5,000.00
Illness Separated - combined $1,235,500.00 $1,240,500.00 $5,000.00
High Limit (without RA)   Limit  
Not a Member of a Couple $823,000.00 $829,000.00 $6,000.00
Partnered - combined $1,199,500.00 $1,207,000.00 $7,500.00
Illness Separated - combined $1,382,000.00 $1,389,500.00 $7,500.00
       
Assets at which minimum payment paid (non-transitional)      
Homeowner   Limit  
Not a Member of a Couple $743,250.00 $746,750.00 $3,500.00
Partnered - combined $1,102,500.00 $1,107,500.00 $5,000.00
Illness Separated - combined $1,369,000.00 $1,374,000.00 $5,000.00
Non-homeowner   Limit  
Not a Member of a Couple $889,750.00 $895,750.00 $6,000.00
Partnered - combined $1,249,000.00 $1,256,500.00 $7,500.00
Illness Separated - combined $1,515,500.00 $1,523,000.00 $7,500.00
       
Assets at which minimum payment paid (transitional)      
Homeowner   Limit  
Not a Member of a Couple $653,750.00 $657,250.00 $3,500.00
Partnered - combined $1,018,500.00 $1,023,500.00 $5,000.00
Illness Separated - combined $1,190,000.00 $1,195,000.00 $5,000.00
Non-homeowner   Limit  
Not a Member of a Couple $800,250.00 $806,250.00 $6,000.00
Partnered - combined $1,165,000.00 $1,172,500.00 $7,500.00
Illness Separated - combined $1,336,500.00 $1,344,000.00 $7,500.00
       
Assets at which ISS reduces (non-transitional)      
Homeowner   Limit  
Not a Member of a Couple $594,250.00 $597,750.00 $3,500.00
Partnered - combined $793,500.00 $798,500.00 $5,000.00
Illness Separated - combined $1,071,000.00 $1,076,000.00 $5,000.00
Non-homeowner   Limit  
Not a Member of a Couple $740,750.00 $746,750.00 $6,000.00
Partnered - combined $940,000.00 $947,500.00 $7,500.00
Illness Separated - combined $1,217,500.00 $1,225,000.00 $7,500.00
       
Assets at which ISS reduces (transitional)      
Homeowner   Limit  
Not a Member of a Couple $504,750.00 $508,250.00 $3,500.00
Partnered - combined $709,500.00 $714,500.00 $5,000.00
Illness Separated - combined $892,000.00 $897,000.00 $5,000.00
Non-homeowner   Limit  
Not a Member of a Couple $651,250.00 $657,250.00 $6,000.00
Partnered - combined $856,000.00 $863,500.00 $7,500.00
Illness Separated - combined $1,038,500.00 $1,046,000.00 $7,500.00