Income and Assets Limits, Thresholds & Income Free Areas

Service Pension (SP), Income Support Supplement (ISS) and Age Pension (AP)

01/01/2012

20/03/2012

Aged care

Standard pensioner contribution

Fortnightly

Standard pensioner contribution - general

$578.76

$583.94

$5.18

Standard pensioner contribution - phased

$558.04

$570.08

$12.04

Standard pensioner contribution - protected resident

$528.22

$532.84

$4.62

Standard pensioner contribution - certain pre 2008 reform residents

$657.86

$663.74

$5.88

Income and Asset limits

Annual

Minimum permissable asset value

$40,500.00

$40,500.00

$0.00

Partially supported resident

$107,850.40

$107,850.40

$0.00

Concessional resident

$40,500.00

$40,500.00

$0.00

Assisted resident

$64,500.00

$65,500.00

$1,000.00

Threshold amount

$6,341.40

$6,398.60

$57.20

Seniors Health Card Income Limit

Annual

Single rate, including illness separated and respite care

$50,000.00

$50,000.00

$0.00

Partnered (each)

$40,000.00

$40,000.00

$0.00

Child income limits

Limit

Child 15 or younger (per week)

$187.60

$187.60

$0.00

Child 16 or older (per annum)

$10,282.80

$10,282.80

$0.00

Assets value limit

Homeowner

Limit

Single

$186,750.00

$186,750.00

$0.00

Partnered (each) including illness separated and respite care

$132,500.00

$132,500.00

$0.00

Non-homeowner

Single

$321,750.00

$321,750.00

$0.00

Partnered (each) including illness separated and respite care

$200,000.00

$200,000.00

$0.00

Old rate

New Rate

Difference

01/01/2012

01/07/2011

Asset Levels at which SP ceases (non-transitional)

Low Limit

Limit

Not a Member of a Couple

$686,000.00

$690,500.00

$4,500.00

Partnered - combined

$1,018,000.00

$1,024,500.00

$6,500.00

Illness Separated - combined

$1,263,500.00

$1,272,500.00

$9,000.00

High Limit (without RA)

Not a Member of a Couple

$821,000.00

$825,500.00

$4,500.00

Partnered - combined

$1,153,000.00

$1,159,500.00

$6,500.00

Illness Separated - combined

$1,398,500.00

$1,407,500.00

$9,000.00

Asset Levels at which SP ceases (transitional)

Low Limit

Not a Member of a Couple

$631,750.00

$634,250.00

$2,500.00

Partnered - combined

$983,500.00

$988,000.00

$4,500.00

Illness Separated - combined

$1,155,000.00

$1,160,000.00

$5,000.00

High Limit (without RA)

Not a Member of a Couple

$766,750.00

$769,250.00

$2,500.00

Partnered - combined

$1,118,500.00

$1,123,000.00

$4,500.00

Illness Separated - combined

$1,290,000.00

$1,295,000.00

$5,000.00

Special disability trust asset limit

Limit

Asset value limit

$578,500.00

$578,500.00

$0.00

Old rate

New Rate

Difference

01/01/2012

20/03/2012

Income Limit at which SP/ISS/AP ceases (non-transitional)

SP with no Rent Assistance

Fortnightly

Not a Member of a Couple

$1,647.60

$1,661.00

$13.40

Partnered - combined

$2,522.00

$2,542.00

$20.00

Illness Separated - combined

$3,259.20

$3,286.00

$26.80

SP with Maximum Rent Assistance

Not a Member of a Couple

$1,886.40

$1,901.40

$15.00

Partnered - combined

$2,747.20

$2,768.40

$21.20

Illness Separated - combined

$3,736.80

$3,766.80

$30.00

Income Limit at which SP/ISS/AP ceases (transitional)

SP with no Rent Assistance

Not a Member of a Couple

$1,818.00

$1,828.00

$10.00

Partnered - combined

$2,958.00

$2,974.00

$16.00

Illness Separated - combined

$3,600.00

$3,620.00

$20.00

Additional amount per dependent child

$24.60

$24.60

$0.00

SP with Maximum Rent Assistance

Not a Member of a Couple

$2,116.50

$2,128.50

$12.00

Partnered - combined

$3,239.50

$3,257.00

$17.50

Illness Separated - combined

$4,197.00

$4,221.00

$24.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

01/01/2012

20/03/2012

Income and assets reduction limit

Fortnightly

Single

$112.10

$112.80

$0.70

Partnered (each), including illness separated and respite care

$96.50

$97.10

$0.60

Income free area

Fortnightly

Single

$150.00

$150.00

$0.00

Partnered (combined), including illness separated and respite care

$264.00

$264.00

$0.00

Additional amount for dependent children (transitional only)

$24.60

$24.60

$0.00

Maintenance income free area

Annual

Amount per person (1 child)

$1,401.60

$1,401.60

$0.00

Amount per additional child

$467.20

$467.20

$0.00

Old rate

New Rate

Difference

20/03/2011

01/07/2011

Deeming thresholds

Limit

Single

$44,600.00

$44,600.00

$0.00

Partnered (combined), including illness separated and respite care

$74,400.00

$74,400.00

$0.00

Exempt funeral investment threshold

Limit

Exempt funeral investment threshold

$11,250.00

$11,250.00

$0.00

Primary production attribution threshold

Limit

Primary production attribution threshold (assets)

$1,052,750.00

$1,052,750.00

$0.00

Primary production attribution threshold (income)

$46,355.00

$46,355.00

$0.00

SHA assessable amount

Fortnightly

Single non-transitional service pension

$629.00

$635.30

$6.30

Partnered non-transitional service pension

$519.40

$524.10

$4.70

Single transitional service pension

$592.20

$595.80

$3.60

Partnered transitional service pension

$493.70

$496.60

$2.90

War widow pension

$671.30

$678.00

$6.70

Single income support supplement

$194.60

$196.50

$1.90

Partnered income support supplement

$202.50

$204.50

$2.00

Old rate

New Rate

Difference

01/01/2012

20/03/2012

Minimum rent for maximum Rent Assistance (RA)

Single

Fortnightly

No children

$265.40

$267.07

$1.67

1-2 children

$326.57

$328.53

$1.96

3 or more children

$351.03

$353.17

$2.15

Partnered

No children

$322.93

$324.73

$1.80

1-2 children

$393.63

$396.01

$2.38

3 or more children

$418.09

$420.65

$2.57

Old rate

New Rate

Difference

01/01/2012

20/03/2012

Income limit for Gold Card with SP (non-transitional)

Fortnightly

Not a Member of a Couple

$374.20

$375.60

$1.40

Partnered - each

$325.00

$326.20

$1.20

Partnered - combined

$650.00

$652.40

$2.40

Income limit for Gold Card with SP (transitional)

Not a Member of a Couple

No Children

$430.25

$432.00

$1.75

1 Child

$454.85

$456.60

$1.75

2 Children

$479.45

$481.20

$1.75

3 Children

$504.05

$505.80

$1.75

4 Children

$528.65

$530.40

$1.75

5 Children

$553.25

$555.00

$1.75

6 Children

$577.85

$579.60

$1.75

7 Children

$602.45

$604.20

$1.75

8 Children

$627.05

$628.80

$1.75

9 Children

$651.65

$653.40

$1.75

10 Children

$676.25

$678.00

$1.75

Additional per child

$24.60

$24.60

$0.00

Partnered - each

No Children

$373.25

$374.75

$1.50

Partnered - combined

No Children

$746.50

$749.50

$3.00

1 Child

$771.10

$774.10

$3.00

2 Children

$795.70

$798.70

$3.00

3 Children

$820.30

$823.30

$3.00

4 Children

$844.90

$847.90

$3.00

5 Children

$869.50

$872.50

$3.00

6 Children

$894.10

$897.10

$3.00

7 Children

$918.70

$921.70

$3.00

8 Children

$943.30

$946.30

$3.00

9 Children

$967.90

$970.90

$3.00

10 Children

$992.50

$995.50

$3.00

Additional per child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

01/01/2012

20/03/2012

Asset limit for Gold Card with SP

Low Limit

Limit

Not a Member of a Couple

$261,500.00

$262,000.00

$500.00

Partnered - combined

$394,000.00

$394,500.00

$500.00

High Limit

Not a Member of a Couple

$396,500.00

$397,000.00

$500.00

Partnered - combined

$529,000.00

$529,500.00

$500.00

Old rate

New Rate

Difference

20/03/2011

01/07/2011

Financial asset notification limits (non-transitional)

Single

Limit

Service pension max rate $ variation (homeowner)

$102,688.89

$102,688.89

$0.00

Service pension max rate $ variation (non-homeowner)

$102,688.89

$102,688.89

$0.00

ISS ceiling rate $ variation (homeowner)

$267,528.89

$268,857.78

$1,328.89

ISS ceiling rate $ variation (non-homeowner)

$267,528.89

$268,857.78

$1,328.89

Age pension max rate (homeowner)

$101,533.33

$101,533.33

$0.00

Age pension max rate (non-homeowner)

$101,533.33

$101,533.33

$0.00

Part rate $ variation (income)

$1,155.56

$1,155.56

$0.00

Part rate $ variation (assets)

$750.00

$750.00

$0.00

Partnered - combined

Service pension max rate $ variation (homeowner)

$179,644.44

$179,644.44

$0.00

Service pension max rate $ variation (non-homeowner)

$179,644.44

$179,644.44

$0.00

ISS ceiling rate $ variation (homeowner)

$521,746.67

$524,462.22

$2,715.56

ISS ceiling rate $ variation (non-homeowner)

$521,746.67

$524,462.22

$2,715.56

Age pension max rate (homeowner)

$177,333.33

$177,333.33

$0.00

Age pension max rate (non-homeowner)

$177,333.33

$177,333.33

$0.00

Part rate $ variation (income)

$2,311.11

$2,311.11

$0.00

Part rate $ variation (assets)

$1,500.00

$1,500.00

$0.00

Financial asset notification limits (transitional)

Single

Service pension max rate $ variation (homeowner)

$102,977.78

$102,977.78

$0.00

Service pension max rate $ variation (non-homeowner)

$102,977.78

$102,977.78

$0.00

ISS ceiling rate $ variation (homeowner)

$300,751.11

$299,508.89

-$1,242.22

ISS ceiling rate $ variation (non-homeowner)

$300,751.11

$299,508.89

-$1,242.22

Age pension max rate (homeowner)

$101,533.33

$101,533.33

$0.00

Age pension max rate (non-homeowner)

$101,533.33

$101,533.33

$0.00

Part rate $ variation (income)

$1,444.44

$1,444.44

$0.00

Part rate $ variation (assets)

$750.00

$750.00

$0.00

Partnered - combined

Service pension max rate $ variation (homeowner)

$180,222.22

$180,222.22

$0.00

Service pension max rate $ variation (non-homeowner)

$180,222.22

$180,222.22

$0.00

ISS ceiling rate $ variation (homeowner)

$643,195.56

$642,386.67

-$808.89

ISS ceiling rate $ variation (non-homeowner)

$643,195.56

$642,386.67

-$808.89

Age pension max rate (homeowner)

$177,333.33

$177,333.33

$0.00

Age pension max rate (non-homeowner)

$177,333.33

$177,333.33

$0.00

Part rate $ variation (income)

$2,888.89

$2,888.89

$0.00

Part rate $ variation (assets)

$1,500.00

$1,500.00

$0.00

Old rate

New Rate

Difference

01/01/2012

20/03/2012

Adjusted Income at which ISS reduces (non-transitional)

Fortnightly

Not a Member of a Couple

$1,194.00

$1,203.20

$9.20

Partnered - combined

$1,614.80

$1,626.40

$11.60

Illness Separated - combined

$2,352.00

$2,370.40

$18.40

Adjusted Income at which ISS reduces (transitional)

Not a Member of a Couple

$1,251.00

$1,255.75

$4.75

Partnered - combined

$1,824.00

$1,829.50

$5.50

Illness Separated - combined

$2,466.00

$2,475.50

$9.50

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

01/01/2012

20/03/2012

Assets at which ISS reduces (non-transitional)

Homeowner

Limit

Not a Member of a Couple

$534,750.00

$538,000.00

$3,250.00

Partnered - combined

$715,500.00

$719,500.00

$4,000.00

Illness Separated - combined

$961,000.00

$967,500.00

$6,500.00

Non-homeowner

Not a Member of a Couple

$669,750.00

$673,000.00

$3,250.00

Partnered - combined

$850,500.00

$854,500.00

$4,000.00

Illness Separated - combined

$1,096,000.00

$1,102,500.00

$6,500.00

Assets at which ISS reduces (transitional)

Homeowner

Not a Member of a Couple

$480,500.00

$481,750.00

$1,250.00

Partnered - combined

$681,000.00

$682,500.00

$1,500.00

Illness Separated - combined

$852,500.00

$855,000.00

$2,500.00

Non-homeowner

Not a Member of a Couple

$615,500.00

$616,750.00

$1,250.00

Partnered - combined

$816,000.00

$817,500.00

$1,500.00

Illness Separated - combined

$987,500.00

$990,000.00

$2,500.00

Old rate

New Rate

Difference

01/01/2012

20/03/2012

Income at which minimum supplement paid (non-transitional)

Fortnightly

Not a Member of a Couple

$1,583.20

$1,596.20

$13.00

Partnered - combined

$2,424.80

$2,444.40

$19.60

Illness Separated - combined

$3,130.40

$3,156.40

$26.00

Income at which minimum supplement paid (transitional)

Not a Member of a Couple

$1,737.50

$1,747.00

$9.50

Partnered - combined

$2,836.50

$2,852.00

$15.50

Illness Separated - combined

$3,439.00

$3,458.00

$19.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

01/01/2012

20/03/2012

Assets at which minimum supplement paid (non-transitional)

Homeowner

Limit

Not a Member of a Couple

$664,500.00

$669,000.00

$4,500.00

Partnered - combined

$985,500.00

$992,000.00

$6,500.00

Illness Separated - combined

$1,220,500.00

$1,229,500.00

$9,000.00

Non-homeowner

Not a Member of a Couple

$799,500.00

$804,000.00

$4,500.00

Partnered - combined

$1,120,500.00

$1,127,000.00

$6,500.00

Illness Separated - combined

$1,355,500.00

$1,364,500.00

$9,000.00

Assets at which minimum supplement paid (transitional)

Homeowner

Not a Member of a Couple

$610,250.00

$612,750.00

$2,500.00

Partnered - combined

$951,000.00

$955,500.00

$4,500.00

Illness Separated - combined

$1,112,000.00

$1,117,000.00

$5,000.00

Non-homeowner

Not a Member of a Couple

$745,250.00

$747,750.00

$2,500.00

Partnered - combined

$1,086,000.00

$1,090,500.00

$4,500.00

Illness Separated - combined

$1,247,000.00

$1,252,000.00

$5,000.00

Old rate

New Rate

Difference

01/01/2012

20/03/2012

Adjusted income (excl WWP) at which ISS ceases (non-transitional)

ISS with no Rent Assistance

Fortnightly

Not a Member of a Couple

$888.90

$895.40

$6.50

Partnered - combined

$1,763.30

$1,776.40

$13.10

Illness Separated - combined

$2,500.50

$2,520.40

$19.90

ISS with Maximum Rent Assistance

Not a Member of a Couple

$1,127.70

$1,135.80

$8.10

Partnered - combined

$1,988.50

$2,002.80

$14.30

Illness Separated - combined

$2,978.10

$3,001.20

$23.10

Adjusted income (excl WWP) at which ISS ceases (transitional)

ISS with no Rent Assistance

Not a Member of a Couple

$1,059.30

$1,062.40

$3.10

Partnered - combined

$2,199.30

$2,208.40

$9.10

Illness Separated - combined

$2,841.30

$2,854.40

$13.10

Additional amount per dependent child

$61.50

$61.50

$0.00

ISS with Maximum Rent Assistance

Not a Member of a Couple

$1,357.80

$1,362.90

$5.10

Partnered - combined

$2,480.80

$2,491.40

$10.60

Illness Separated - combined

$3,438.30

$3,455.40

$17.10

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference