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

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Service Pension Income & Assets Limit

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LIMITS EFFECTIVE 24 SEPTEMBER 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 $574.40  
Partnered - Combined $888.00  
     

Income at which SP Ceases

Basic Pension* Max. RA#
Not a Member of a Couple $825.40 $975.80
Partnered - Combined $1,379.20 $1,521.20
Illness Separated - Combined $813.40 $963.80
Ceiling Rate - Veteran Widows $814.60 $965.00
Ceiling Rate - Partnered $1,368.40 $1,510.40
*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 $814.60  
Partnered - Combined $1,368.40  
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 $432.00 $248.00
1 child $484.00 $300.00
2 children $536.00 $352.00
(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   $21,460.40
Partnered - Combined   $35,859.20
Illness Separated - Combined   $42,296.80
     

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 $204,750 $294,750
Partnered - Combined $297,000 $387,000
     

Assets at which SP Ceases (No RA in payment)

Low limit High limit
Not a Member of a Couple $246,750 $336,750
Partnered - Combined $379,500 $469,500
     

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

Low limit High limit
Not a Member of a Couple $245,000 $335,000
Partnered - Combined $377,000 $467,000
     

Assets at which DVA Treatment SP Ceases

Low limit High limit
Not a Member of a Couple $150,500 $240,500
Partnered - Combined $221,250 $311,250