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Service Pension Income and Assets Limits

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Limits effective payday 7 July 2005 - date of effect 1 July 2005 unless otherwise specified.

Ordinary/adjusted income free area

Effective 1 July 2005

Income per fortnight

Not a member of a couple

$124.00

Partnered – combined

$220.00

Illness separated – combined

$220.00

Additional free area for children

Effective 1 July 2005

Income per fortnight

Each Dependent Child
(under 18 years of age)

$24.60

Income at which SP ceases

*Basic Pension

#Max. RA

Not a member of a couple

$1,329.25

$1,574.25

Partnered – combined

$2,223.00

$2,454.00

Illness separated – combined

$2,630.50

$3,120.50

Ceiling rate – veteran widows

$1,314.75

$1,559.75

Ceiling rate – partnered

$2,208.50

$2,439.50

*These increase with dependent children and/or rent

#These increase with dependent children

Adjusted income before ISS reduces

Income per fortnight

Not a member of a couple

$960.75

Partnered – combined

$1,500.50

Adjusted income at which ISS/DSS age pension ceases

Adjusted income is ordinary income plus all war widow's pension and foreign DP

Income per fortnight

^Not a member of a couple

$1,314.75

^Partnered – combined

$2,208.50

^Cut-off rates are lower because PA is excluded when paid with DP and WWP

Income at which DVA treatment ceases (SP cases)

For each additional child add $74.85

Partnered (combined)

Non-Partnered

No children

$616.00

$353.75

1 child

$690.85

$428.60

2 children

$765.70

$503.45

Seniors health card taxable income limit

Effective 1 July 2001

Annual taxable income limit.

##Income

Not a member of a couple

$50,000.00

Partnered – combined

$80,000.00

Illness separated – combined

$100,000.00

Respite care – combined

$100,000.00

## Limit increases with dependent children

Assets value limit

Effective 1 July 2004

Low limit

High limit

Not a member of a couple

$157,000

$270,500

Partnered – combined

$223,000

$336,500

Illness separated – combined

$223,000

$336,500

Assets at which SP ceases

No RA in payment

Low limit

High limit

Not a member of a couple

$317,750

$431,250

Partnered – combined

$490,500

$604,000

Illness separated – combined

$544,500

$658,000

Assets before ISS reduces

No RA in payment

Low limit

High limit

Not a member of a couple

$268,500

$382,000

Partnered – combined

$393,500

$507,000

Assets at which ISS/DSS age pension ceases

Rates quoted exclude PA

Low limit

High limit

Not a member of a couple

$316,000

$429,500

Partnered – combined

$488,500

$602,000

Assets at which DVA treatment SP ceases

Low limit

High limit

Not a member of a couple

$187,750

$301,250

1 child

$194,500

$308,000

2 children

$201,250

$314,750

3 children

$207,750

$321,250

Partnered – combined

$276,000

$389,500

1 child

$282,500

$396,000

2 children

$289,250

$402,750

3 children

$296,000

$409,500