Income support asset limits 1 July 2014 | Compensation and Support Reference Library, Payment Rates, Historical Payment Rates, 2014 rates, July 2014 rates

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Income support asset limits 1 July 2014

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Old rate

New Rate

Difference

Income support asset limits

20/03/2014

01/07/2014

 

Assets value limit

 

 

 

Homeowner

 

Limit

 

Single

$196,750.00

$202,000.00

$5,250.00

Partnered (each) including illness separated and respite care

$139,500.00

$143,250.00

$3,750.00

Non-homeowner

 

Limit

 

Single

$339,250.00

$348,500.00

$9,250.00

Partnered (each) including illness separated and respite care

$210,750.00

$216,500.00

$5,750.00

       

Extra allowable amount

 

Limit

 

Extra allowable amount

$142,500.00

$146,500.00

$4,000.00

       

Asset Levels at which SP/AP ceases (non-transitional)

 

 

 

Low Limit

 

Limit

 

Not a Member of a Couple

$758,750.00

$764,000.00

$5,250.00

Partnered - combined

$1,126,500.00

$1,134,000.00

$7,500.00

Illness Separated - combined

$1,403,000.00

$1,410,500.00

$7,500.00

High Limit (without RA)

 

Limit

 

Not a Member of a Couple

$901,250.00

$910,500.00

$9,250.00

Partnered - combined

$1,269,000.00

$1,280,500.00

$11,500.00

Illness Separated - combined

$1,545,500.00

$1,557,000.00

$11,500.00

       

Asset Levels at which ISS ceases (non-transitional)

 

 

 

Low Limit

 

Limit

 

Not a Member of a Couple

$749,500.00

$754,750.00

$5,250.00

Partnered - combined

$1,112,500.00

$1,120,000.00

$7,500.00

Illness Separated - combined

$1,384,500.00

$1,392,000.00

$7,500.00

High Limit (without RA)

 

Limit

 

Not a Member of a Couple

$892,000.00

$901,250.00

$9,250.00

Partnered - combined

$1,255,000.00

$1,266,500.00

$11,500.00

Illness Separated - combined

$1,527,000.00

$1,538,500.00

$11,500.00

       

Asset Levels at which SP/AP ceases (transitional)

 

 

 

Low Limit

 

Limit

 

Not a Member of a Couple

$672,750.00

$678,000.00

$5,250.00

Partnered - combined

$1,046,500.00

$1,054,000.00

$7,500.00

Illness Separated - combined

$1,231,000.00

$1,238,500.00

$7,500.00

High Limit (without RA)

 

Limit

 

Not a Member of a Couple

$815,250.00

$824,500.00

$9,250.00

Partnered - combined

$1,189,000.00

$1,200,500.00

$11,500.00

Illness Separated - combined

$1,373,500.00

$1,385,000.00

$11,500.00

       

Asset Levels at which ISS ceases (transitional)

 

 

 

Low Limit

 

Limit

 

Not a Member of a Couple

$663,500.00

$668,750.00

$5,250.00

Partnered - combined

$1,032,500.00

$1,040,000.00

$7,500.00

Illness Separated - combined

$1,212,500.00

$1,220,000.00

$7,500.00

High Limit (without RA)

 

Limit

 

Not a Member of a Couple

$806,000.00

$815,250.00

$9,250.00

Partnered - combined

$1,175,000.00

$1,186,500.00

$11,500.00

Illness Separated - combined

$1,355,000.00

$1,366,500.00

$11,500.00

       

Assets at which minimum payment paid (non-transitional)

 

 

 

Homeowner

 

Limit

 

Not a Member of a Couple

$727,000.00

$732,250.00

$5,250.00

Partnered - combined

$1,078,500.00

$1,086,000.00

$7,500.00

Illness Separated - combined

$1,339,500.00

$1,347,000.00

$7,500.00

Non-homeowner

 

Limit

 

Not a Member of a Couple

$869,500.00

$878,750.00

$9,250.00

Partnered - combined

$1,221,000.00

$1,232,500.00

$11,500.00

Illness Separated - combined

$1,482,000.00

$1,493,500.00

$11,500.00

     

 

Assets at which minimum payment paid (transitional)

 

 

 

Homeowner

 

Limit

 

Not a Member of a Couple

$641,000.00

$646,250.00

$5,250.00

Partnered - combined

$999,000.00

$1,006,500.00

$7,500.00

Illness Separated - combined

$1,167,500.00

$1,175,000.00

$7,500.00

Non-homeowner

 

Limit

 

Not a Member of a Couple

$783,500.00

$792,750.00

$9,250.00

Partnered - combined

$1,141,500.00

$1,153,000.00

$11,500.00

Illness Separated - combined

$1,310,000.00

$1,321,500.00

$11,500.00

       

Assets at which ISS reduces (non-transitional)

 

 

 

Homeowner

 

Limit

 

Not a Member of a Couple

$581,250.00

$586,500.00

$5,250.00

Partnered - combined

$776,000.00

$783,500.00

$7,500.00

Illness Separated - combined

$1,048,000.00

$1,055,500.00

$7,500.00

Non-homeowner

 

Limit

 

Not a Member of a Couple

$723,750.00

$733,000.00

$9,250.00

Partnered - combined

$918,500.00

$930,000.00

$11,500.00

Illness Separated - combined

$1,190,500.00

$1,202,000.00

$11,500.00

     

 

Assets at which ISS reduces (transitional)

 

 

 

Homeowner

 

Limit

 

Not a Member of a Couple

$495,250.00

$500,500.00

$5,250.00

Partnered - combined

$696,000.00

$703,500.00

$7,500.00

Illness Separated - combined

$876,000.00

$883,500.00

$7,500.00

Non-homeowner

 

Limit

 

Not a Member of a Couple

$637,750.00

$647,000.00

$9,250.00

Partnered - combined

$838,500.00

$850,000.00

$11,500.00

Illness Separated - combined

$1,018,500.00

$1,030,000.00

$11,500.00