Financial assets and deeming 20 September 2016 | Compensation and Support Reference Library, Payment Rates, Historical Payment Rates, 2016 rates, 20 September 2016

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Financial assets and deeming 20 September 2016

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 Old rateNew RateDifference
Financial assets and deeming01/07/201620/09/2016 
Deeming thresholds Limit 
Single $      49,200.00 $      49,200.00 $               -  
Partnered (combined), including illness separated and respite care $      81,600.00 $      81,600.00 $               -  
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) $    155,507.69 $    155,507.69 $               -  
Service pension max rate $ variation (non-homeowner) $    155,507.69 $    155,507.69 $               -  
ISS ceiling rate $ variation (homeowner) $    413,027.69 $    413,667.69 $        640.00
ISS ceiling rate $ variation (non-homeowner) $    413,027.69 $    413,667.69 $        640.00
Age pension max rate (homeowner) $    153,907.69 $    153,907.69 $               -  
Age pension max rate (non-homeowner) $    153,907.69 $    153,907.69 $               -  
Part rate $ variation (income) $        1,600.00 $        1,600.00 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -  
Partnered - combined Limit 
Service pension max rate $ variation (homeowner) $    274,461.54 $    274,461.54 $               -  
Service pension max rate $ variation (non-homeowner) $    274,461.54 $    274,461.54 $               -  
ISS ceiling rate $ variation (homeowner) $    811,021.54 $    812,781.54 $      1,760.00
ISS ceiling rate $ variation (non-homeowner) $    811,021.54 $    812,781.54 $      1,760.00
Age pension max rate (homeowner) $    271,261.54 $    271,261.54 $               -  
Age pension max rate (non-homeowner) $    271,261.54 $    271,261.54 $               -  
Part rate $ variation (income) $        3,200.00 $        3,200.00 $               -  
Part rate $ variation (assets) $        1,500.00 $        1,500.00 $               -  
    
Financial asset notification limits (transitional)   
Single Limit 
Service pension max rate $ variation (homeowner) $    155,907.69 $    155,907.69 $               -  
Service pension max rate $ variation (non-homeowner) $    155,907.69 $    155,907.69 $               -  
ISS ceiling rate $ variation (homeowner) $    407,347.69 $    405,227.69-$      2,120.00
ISS ceiling rate $ variation (non-homeowner) $    407,347.69 $    405,227.69-$      2,120.00
Age pension max rate (homeowner) $    153,907.69 $    153,907.69 $               -  
Age pension max rate (non-homeowner) $    153,907.69 $    153,907.69 $               -  
Part rate $ variation (income) $        2,000.00 $        2,000.00 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -  
Partnered - combined Limit 
Service pension max rate $ variation (homeowner) $    275,261.54 $    275,261.54 $               -  
Service pension max rate $ variation (non-homeowner) $    275,261.54 $    275,261.54 $               -  
ISS ceiling rate $ variation (homeowner) $    741,500.00 $    741,500.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    893,000.00 $    893,000.00 $               -  
Age pension max rate (homeowner) $    271,261.54 $    271,261.54 $               -  
Age pension max rate (non-homeowner) $    271,261.54 $    271,261.54 $               -  
Part rate $ variation (income) $        4,000.00 $        4,000.00 $               -  
Part rate $ variation (assets) $        1,500.00 $        1,500.00 $               -