Income support asset limits 20 March 2016 | Compensation and Support Reference Library, Payment Rates, Historical Payment Rates, 2016 rates, 20 March 2016

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Income support asset limits 20 March 2016

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 Old rateNew RateDifference
Income support asset limits01/01/201620/03/2016 
Assets value limit   
Homeowner Limit 
Single$205,500.00$205,500.00$0.00
Partnered (each) including illness separated and respite care$145,750.00$145,750.00$0.00
Non-homeowner Limit 
Single$354,500.00$354,500.00$0.00
Partnered (each) including illness separated and respite care$220,250.00$220,250.00$0.00
    
Extra allowable amount Limit 
Extra allowable amount$149,000.00$149,000.00$0.00
    
Asset Levels at which SP/AP ceases (non-transitional)   
Low Limit Limit 
Not a Member of a Couple$783,500.00$788,250.00$4,750.00
Partnered - combined$1,163,000.00$1,170,000.00$7,000.00
Illness Separated - combined$1,447,500.00$1,457,000.00$9,500.00
High Limit (without RA) Limit 
Not a Member of a Couple$932,500.00$937,250.00$4,750.00
Partnered - combined$1,312,000.00$1,319,000.00$7,000.00
Illness Separated - combined$1,596,500.00$1,606,000.00$9,500.00
    
Asset Levels at which ISS ceases (non-transitional)   
Low Limit Limit 
Not a Member of a Couple$774,250.00$778,750.00$4,500.00
Partnered - combined$1,149,000.00$1,156,000.00$7,000.00
Illness Separated - combined$1,429,000.00$1,438,000.00$9,000.00
High Limit (without RA) Limit 
Not a Member of a Couple$923,250.00$927,750.00$4,500.00
Partnered - combined$1,298,000.00$1,305,000.00$7,000.00
Illness Separated - combined$1,578,000.00$1,587,000.00$9,000.00
    
Asset Levels at which SP/AP ceases (transitional)   
Low Limit Limit 
Not a Member of a Couple$693,250.00$697,000.00$3,750.00
Partnered - combined$1,078,500.00$1,084,500.00$6,000.00
Illness Separated - combined$1,267,000.00$1,274,500.00$7,500.00
High Limit (without RA) Limit 
Not a Member of a Couple$842,250.00$846,000.00$3,750.00
Partnered - combined$1,227,500.00$1,233,500.00$6,000.00
Illness Separated - combined$1,416,000.00$1,423,500.00$7,500.00
    
Asset Levels at which ISS ceases (transitional)   
Low Limit Limit 
Not a Member of a Couple$684,000.00$687,750.00$3,750.00
Partnered - combined$1,064,500.00$1,070,500.00$6,000.00
Illness Separated - combined$1,248,500.00$1,256,000.00$7,500.00
High Limit (without RA) Limit 
Not a Member of a Couple$833,000.00$836,750.00$3,750.00
Partnered - combined$1,213,500.00$1,219,500.00$6,000.00
Illness Separated - combined$1,397,500.00$1,405,000.00$7,500.00
    
Assets at which minimum payment paid (non-transitional)   
Homeowner Limit 
Not a Member of a Couple$751,250.00$755,500.00$4,250.00
Partnered - combined$1,114,000.00$1,121,000.00$7,000.00
Illness Separated - combined$1,383,000.00$1,391,500.00$8,500.00
Non-homeowner Limit 
Not a Member of a Couple$900,250.00$904,500.00$4,250.00
Partnered - combined$1,263,000.00$1,270,000.00$7,000.00
Illness Separated - combined$1,532,000.00$1,540,500.00$8,500.00
    
Assets at which minimum payment paid (transitional)   
Homeowner Limit 
Not a Member of a Couple$660,750.00$664,500.00$3,750.00
Partnered - combined$1,029,500.00$1,035,500.00$6,000.00
Illness Separated - combined$1,202,000.00$1,209,500.00$7,500.00
Non-homeowner Limit 
Not a Member of a Couple$809,750.00$813,500.00$3,750.00
Partnered - combined$1,178,500.00$1,184,500.00$6,000.00
Illness Separated - combined$1,351,000.00$1,358,500.00$7,500.00
    
Assets at which ISS reduces (non-transitional)   
Homeowner Limit 
Not a Member of a Couple$601,000.00$604,250.00$3,250.00
Partnered - combined$802,500.00$806,500.00$4,000.00
Illness Separated - combined$1,082,500.00$1,089,000.00$6,500.00
Non-homeowner Limit 
Not a Member of a Couple$750,000.00$753,250.00$3,250.00
Partnered - combined$951,500.00$955,500.00$4,000.00
Illness Separated - combined$1,231,500.00$1,238,000.00$6,500.00
    
Assets at which ISS reduces (transitional)   
Homeowner Limit 
Not a Member of a Couple$510,500.00$513,000.00$2,500.00
Partnered - combined$717,500.00$721,000.00$3,500.00
Illness Separated - combined$901,500.00$906,500.00$5,000.00
Non-homeowner Limit 
Not a Member of a Couple$659,500.00$662,000.00$2,500.00
Partnered - combined$866,500.00$870,000.00$3,500.00
Illness Separated - combined$1,050,500.00$1,055,500.00$5,000.00