Service Pension Income & Assets Limit | Compensation and Support Reference Library, Payment Rates, Historical Payment Rates, pre 2011, VEA Rates History, 1996, March 1996

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Service Pension Income & Assets Limit

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LIMITS EFFECTIVE 28 MARCH 1996    
     

Ordinary/Adjusted Income Free Area

   
Not a Member of a Couple $94.00  
Partnered - Combined $164.00  
Illness Separated - Combined $164.00  
Additional Free Area per Dependent Child $24.00  
     

Adjusted Income before ISS Reduces

   
Not a Member of a Couple $539.00  
Partnered - Combined $826.80  
     

Income at which SP Ceases 

Basic Pension* Max. RA#
Not a Member of a Couple $790.00 $937.60
Partnered - Combined $1,318.00 $1,457.20
Ceiling Rate - Veteran Widows $779.20 $926.80
Ceiling Rate - Partnered $1,307.20 $1,446.40
*These increase with dependent children and/or rent  
#These increase with dependent children    
     

Adjusted Income at which ISS/DSS Age Pension Ceases

 
Not a Member of a Couple $779.20  
Partnered - Combined $1,307.20  
Adjusted Income is Ordinary Income plus foreign DP and War Widow’s Pension
^Cut-off rates are lower because PA is excluded when paid with DP and WWP
     

Income at which DVA Treatment Ceases (SP cases)

Partner (combined) Non-Partnered
No children $416.00 $240.00
1 child $468.00 $292.00
2 children $520.00 $344.00
(Except when the modified rules apply.)  For each additional child add $52.00  
     

Seniors Health Card Taxable Income Limit

   
Not a Member of a Couple   $20,540.00
Partnered - Combined   $34,268.00
Illness Separated - Combined   $40,456.00
     

Assets Value Limit

Low limit High limit
Not a Member of a Couple $118,000 $202,000
Partnered - Combined $167,500 $251,500
Illness Separated - Combined $167,500 $251,500
     

Assets before ISS Reduces (No RA in payment)

Low limit High limit
Not a Member of a Couple $192,250 $276,250
Partnered - Combined $278,000 $362,000
     

Assets at which SP Ceases (No RA in payment)

Low limit High limit
Not a Member of a Couple $234,000 $318,000
Partnered - Combined $360,000 $444,000
     

Assets at which ISS/DSS Age Pension Ceases (excludes PA)

Low limit High limit
Not a Member of a Couple $232,250 $316,250
Partnered - Combined $358,500 $442,500
     

Assets at which DVA Treatment SP Ceases

Low limit High limit
Not a Member of a Couple $134,500 $218,500
Partnered - Combined $191,500 $275,500