Service Pension Income & Assets Limit | Compensation and Support Reference Library, Payment Rates, Historical Payment Rates, pre 2011, VEA Rates History, 1998, January 1998

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Service Pension Income & Assets Limit

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LIMITS EFFECTIVE 1 JANUARY 1998    
     

Ordinary/Adjusted Income Free Area

   
Not a Member of a Couple $100.00  
Partnered - Combined $176.00  
Illness Separated - Combined $176.00  
Additional Free Area per Dependent Child $24.00  
     

Adjusted Income before ISS Reduces

   
Not a Member of a Couple $555.40  
Partnered - Combined $856.00  
     

Income at which SP Ceases

Basic Pension* Max. RA#
Not a Member of a Couple $806.40 $956.00
Partnered - Combined $1,347.20 $1,488.40
Illness Separated - Combined $794.40 $944.00
Ceiling Rate - Veteran Widows $790.80 $940.40
Ceiling Rate - Partnered $1,327.60 $1,468.80
*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 $795.60  
Partnered - Combined $1,336.40  
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 $428.00 $246.00
1 child $480.00 $298.00
2 children $532.00 $350.00
(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   $20,966.40
Partnered - Combined   $35,027.20
Illness Separated - Combined   $41,308.80
     

Assets Value Limit

Low limit High limit
Not a Member of a Couple $125,750 $215,750
Partnered - Combined $178,500 $268,500
Illness Separated - Combined $178,500 $268,500
     

Assets before ISS Reduces (No RA in payment)

Low limit High limit
Not a Member of a Couple $201,750 $291,750
Partnered - Combined $292,000 $382,000
     

Assets at which SP Ceases (No RA in payment)

Low limit High limit
Not a Member of a Couple $243,500 $333,500
Partnered - Combined $292,000 $382,000
     

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

Low limit High limit
Not a Member of a Couple $241,750 $331,750
Partnered - Combined $292,000 $382,000
     

Assets at which DVA Treatment SP Ceases

Low limit High limit
Not a Member of a Couple $143,250 $233,250
Partnered - Combined $204,500 $294,500