Service Pension Income and Assets Limits | Compensation and Support Reference Library, Payment Rates, Historical Payment Rates, pre 2011, VEA Rates History, 2006, July 2006

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Service Pension Income and Assets Limits

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Limits effective payday 6 July 2006 - date of effect 1 July 2006 unless otherwise specified.

Ordinary/adjusted income free area

Income per fortnight

Not a member of a couple

$128.00

Partnered – combined

$228.00

Illness separated – combined

$228.00

Additional free area for children

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

$1,391.75

$1,643.25

Partnered – combined

$2,328.50

$2,566.00

Illness separated – combined

$2,755.50

$3,258.50

Ceiling rate – veteran widows

$1,377.25

$1,628.75

Ceiling rate – partnered

$2,314.00

$2,551.50

Ceiling rate – Illness separated – partnered

$2,726.50

$3,229.50

*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

$1,005.25

Partnered – combined

$1,570.00

Illness separated – combined

$1,982.50

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

$1,377.25

^Partnered – combined

$2,314.00

Illness separated – combined

$2,726.50

^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 $76.35

Partnered (combined)

Non-Partnered

No children

$635.00

$364.25

1 child

$711.35

$440.60

2 children

$787.70

$516.95

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

Low limit

High limit

Not a member of a couple

$161,500

$278,500

Partnered – combined

$229,000

$346,000

Illness separated – combined

$229,000

$346,000

Assets at which SP ceases

No RA in payment

Low limit

High limit

Not a member of a couple

$330,000

$447,000

Partnered – combined

$509,500

$626,500

Illness separated – combined

$566,000

$683,000

Assets before ISS reduces

No RA in payment

Low limit

High limit

Not a member of a couple

$278,250

$395,250

Partnered – combined

$407,500

$524,500

Illness separated – combined

$463,000

$580,000

Assets at which ISS/DSS age pension ceases

Rates quoted exclude PA

Low limit

High limit

Not a member of a couple

$328,250

$445,250

Partnered – combined

$507,500

$624,500

Illness separated – combined

$562,500

$679,500

Assets at which DVA treatment SP ceases

Low limit

High limit

Not a member of a couple

$193,000

$310,000

1 child

$200,000

$317,000

2 children

$207,000

$324,000

3 children

$213,750

$330,750

Partnered – combined

$283,500

$400,500

1 child

$290,500

$407,500

2 children

$297,000

$414,000

3 children

$304,000

$421,000