Service Pension (SP), Income Support Supplement (ISS) and Age Pension (AP) Income and Assets Limits, Thresholds & Income Free Areas

Aged care

Old rate
20/09/2010

New rate
01/01/2011

Difference

Standard pensioner contribution

Fortnightly

Standard pensioner contribution - general

$553.00

$553.00

$0.00

Standard pensioner contribution - phased

$520.10

$520.10

$0.00

Standard pensioner contribution - protected resident

$490.28

$490.28

$0.00

Standard pensioner contribution - certain pre 2008 reform residents

$610.82

$610.82

$0.00

Income and Asset limits

Annual

Minimum permissable asset value

$38,500.00

$38,500.00

$0.00

Partially supported resident

$98,237.60

$98,237.60

$0.00

Concessional resident

$38,500.00

$38,500.00

$0.00

Assisted resident

$62,000.00

$62,000.00

$0.00

Threshold amount

$6,058.00

$6,058.00

$0.00

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

Annual

Child 15 or younger (per week)

$175.65

$181.10

$5.45

Child 16 or older (per annum)

$9,627.05

$9,925.50

$298.45

Assets value limit

Homeowner

Limit

Single

$181,750.00

$181,750.00

$0.00

Partnered (each) including illness separated and respite care

$129,000.00

$129,000.00

$0.00

Non-homeowner

Single

$313,250.00

$313,250.00

$0.00

Partnered (each) including illness separated and respite care

$194,750.00

$194,750.00

$0.00

Asset Levels at which SP ceases (non-transitional)

Old rate
20/09/2010

New rate
01/01/2011

Difference

Low Limit

Limit

Not a Member of a Couple

$659,250.00

$659,250.00

$0.00

Partnered - combined

$978,000.00

$978,000.00

$0.00

Illness Separated - combined

$1,213,000.00

$1,213,000.00

$0.00

High Limit (without RA)

Not a Member of a Couple

$790,750.00

$790,750.00

$0.00

Partnered - combined

$1,109,500.00

$1,109,500.00

$0.00

Illness Separated - combined

$1,344,500.00

$1,344,500.00

$0.00

Asset Levels at which SP ceases (transitional)

Low Limit

Not a Member of a Couple

$611,000.00

$611,000.00

$0.00

Partnered - combined

$951,500.00

$951,500.00

$0.00

Illness Separated - combined

$1,116,500.00

$1,116,500.00

$0.00

High Limit (without RA)

Not a Member of a Couple

$742,500.00

$742,500.00

$0.00

Partnered - combined

$1,083,000.00

$1,083,000.00

$0.00

Illness Separated - combined

$1,248,000.00

$1,248,000.00

$0.00

Special disability trust asset limit

Limit

Asset value limit

$563,250.00

$563,250.00

$0.00

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

Old rate
20/09/2010

New rate
01/01/2011

Difference

SP with no Rent Assistance

Fortnightly

Not a Member of a Couple

$1,578.20

$1,578.20

$0.00

Partnered - combined

$2,415.20

$2,415.20

$0.00

Illness Separated - combined

$3,120.40

$3,120.40

$0.00

SP with Maximum Rent Assistance

Not a Member of a Couple

$1,808.60

$1,808.60

$0.00

Partnered - combined

$2,632.40

$2,632.40

$0.00

Illness Separated - combined

$3,581.20

$3,581.20

$0.00

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

SP with no Rent Assistance

Not a Member of a Couple

$1,755.50

$1,755.50

$0.00

Partnered - combined

$2,856.00

$2,856.00

$0.00

Illness Separated - combined

$3,475.00

$3,475.00

$0.00

Additional amount per dependent child

$24.60

$24.60

$0.00

SP with Maximum Rent Assistance

Not a Member of a Couple

$2,043.50

$2,043.50

$0.00

Partnered - combined

$3,127.50

$3,127.50

$0.00

Illness Separated - combined

$4,051.00

$4,051.00

$0.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New rate

Difference

20/09/2010

01/01/2011

Income and assets reduction limit

Fortnightly

Single

$108.20

$108.20

$0.00

Partnered (each), including illness separated and respite care

$93.10

$93.10

$0.00

Income free area

Fortnightly

Single

$146.00

$146.00

$0.00

Partnered (combined), including illness separated and respite care

$256.00

$256.00

$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)

$1,368.75

$1,368.75

$0.00

Amount per additional child

$456.25

$456.25

$0.00

Old rate

New rate

Difference

20/09/2010

01/01/2011

Deeming thresholds

Limit

Single

$43,200.00

$43,200.00

$0.00

Partnered (combined), including illness separated and respite care

$72,000.00

$72,000.00

$0.00

Exempt funeral investment threshold

Limit

Exempt funeral investment threshold

$11,000.00

$11,000.00

$0.00

Primary production attribution threshold

Limit

Primary production attribution threshold (assets)

$1,025,000.00

$1,025,000.00

$0.00

Primary production attribution threshold (income)

$45,114.00

$45,114.00

$0.00

SHA assessable amount

Fortnightly

Single non-transitional service pension

$598.40

$598.40

$0.00

Partnered non-transitional service pension

$496.30

$496.30

$0.00

Single transitional service pension

$570.90

$570.90

$0.00

Partnered transitional service pension

$476.50

$476.50

$0.00

War widow pension

$638.70

$638.70

$0.00

Single income support supplement

$185.60

$185.60

$0.00

Partnered income support supplement

$193.20

$193.20

$0.00

Minimum rent for maximum Rent Assistance (RA)

Old rate
20/09/2010

New rate
01/01/2011

Difference

Single

Fortnightly

No children

$256.00

$256.00

$0.00

1-2 children

$315.14

$315.14

$0.00

3 or more children

$338.66

$338.66

$0.00

Partnered

No children

$311.60

$311.60

$0.00

1-2 children

$379.82

$379.82

$0.00

3 or more children

$403.34

$403.34

$0.00

Old rate

New rate

Difference

20/09/2010

01/01/2011

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

Fortnightly

Not a Member of a Couple

$362.40

$362.40

$0.00

Partnered - each

$314.20

$314.20

$0.00

Partnered - combined

$628.40

$628.40

$0.00

Income limit for Gold Card with SP (transitional)

Not a Member of a Couple

No Children

$416.50

$416.50

$0.00

1 Child

$441.10

$441.10

$0.00

2 Children

$465.70

$465.70

$0.00

3 Children

$490.30

$490.30

$0.00

4 Children

$514.90

$514.90

$0.00

5 Children

$539.50

$539.50

$0.00

6 Children

$564.10

$564.10

$0.00

7 Children

$588.70

$588.70

$0.00

8 Children

$613.30

$613.30

$0.00

9 Children

$637.90

$637.90

$0.00

10 Children

$662.50

$662.50

$0.00

Additional per child

$24.60

$24.60

$0.00

Partnered - each

No Children

$360.75

$360.75

$0.00

Partnered - combined

No Children

$721.50

$721.50

$0.00

1 Child

$746.10

$746.10

$0.00

2 Children

$770.70

$770.70

$0.00

3 Children

$795.30

$795.30

$0.00

4 Children

$819.90

$819.90

$0.00

5 Children

$844.50

$844.50

$0.00

6 Children

$869.10

$869.10

$0.00

7 Children

$893.70

$893.70

$0.00

8 Children

$918.30

$918.30

$0.00

9 Children

$942.90

$942.90

$0.00

10 Children

$967.50

$967.50

$0.00

Additional per child

$24.60

$24.60

$0.00

Old rate

New rate

Difference

20/09/2010

01/01/2011

Asset limit for Gold Card with SP

Low Limit

Limit

Not a Member of a Couple

$254,000.00

$254,000.00

$0.00

Partnered - combined

$382,500.00

$382,500.00

$0.00

High Limit

Not a Member of a Couple

$385,500.00

$385,500.00

$0.00

Partnered - combined

$514,000.00

$514,000.00

$0.00

Old rate

New rate

Difference

20/09/2010

01/01/2011

Financial asset notification limits (non-transitional)

Single

Limit

Service pension max rate $ variation (homeowner)

$99,911.11

$99,911.11

$0.00

Service pension max rate $ variation (non-homeowner)

$99,911.11

$99,911.11

$0.00

ISS ceiling rate $ variation (homeowner)

$258,164.44

$258,164.44

$0.00

ISS ceiling rate $ variation (non-homeowner)

$258,164.44

$258,164.44

$0.00

Age pension max rate (homeowner)

$98,755.56

$98,755.56

$0.00

Age pension max rate (non-homeowner)

$98,755.56

$98,755.56

$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)

$174,222.22

$174,222.22

$0.00

Service pension max rate $ variation (non-homeowner)

$174,222.22

$174,222.22

$0.00

ISS ceiling rate $ variation (homeowner)

$502,226.67

$502,226.67

$0.00

ISS ceiling rate $ variation (non-homeowner)

$502,226.67

$502,226.67

$0.00

Age pension max rate (homeowner)

$171,911.11

$171,911.11

$0.00

Age pension max rate (non-homeowner)

$171,911.11

$171,911.11

$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)

$100,200.00

$100,200.00

$0.00

Service pension max rate $ variation (non-homeowner)

$100,200.00

$100,200.00

$0.00

ISS ceiling rate $ variation (homeowner)

$298,320.00

$298,320.00

$0.00

ISS ceiling rate $ variation (non-homeowner)

$298,320.00

$298,320.00

$0.00

Age pension max rate (homeowner)

$98,755.56

$98,755.56

$0.00

Age pension max rate (non-homeowner)

$98,755.56

$98,755.56

$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)

$174,800.00

$174,800.00

$0.00

Service pension max rate $ variation (non-homeowner)

$174,800.00

$174,800.00

$0.00

ISS ceiling rate $ variation (homeowner)

$632,342.22

$632,342.22

$0.00

ISS ceiling rate $ variation (non-homeowner)

$632,342.22

$632,342.22

$0.00

Age pension max rate (homeowner)

$171,911.11

$171,911.11

$0.00

Age pension max rate (non-homeowner)

$171,911.11

$171,911.11

$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

20/09/2010

01/01/2011

Adjusted Income at which ISS reduces (non-transitional)

Fortnightly

Not a Member of a Couple

$1,145.00

$1,145.00

$0.00

Partnered - combined

$1,548.80

$1,548.80

$0.00

Illness Separated - combined

$2,254.00

$2,254.00

$0.00

Adjusted Income at which ISS reduces (transitional)

Not a Member of a Couple

$1,214.00

$1,214.00

$0.00

Partnered - combined

$1,773.00

$1,773.00

$0.00

Illness Separated - combined

$2,392.00

$2,392.00

$0.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New rate

Difference

20/09/2010

01/01/2011

Assets at which ISS reduces (non-transitional)

Homeowner

Limit

Not a Member of a Couple

$514,750.00

$514,750.00

$0.00

Partnered - combined

$689,000.00

$689,000.00

$0.00

Illness Separated - combined

$924,000.00

$924,000.00

$0.00

Non-homeowner

Not a Member of a Couple

$646,250.00

$646,250.00

$0.00

Partnered - combined

$820,500.00

$820,500.00

$0.00

Illness Separated - combined

$1,055,500.00

$1,055,500.00

$0.00

Assets at which ISS reduces (transitional)

Homeowner

Not a Member of a Couple

$466,750.00

$466,750.00

$0.00

Partnered - combined

$663,000.00

$663,000.00

$0.00

Illness Separated - combined

$828,000.00

$828,000.00

$0.00

Non-homeowner

Not a Member of a Couple

$598,250.00

$598,250.00

$0.00

Partnered - combined

$794,500.00

$794,500.00

$0.00

Illness Separated - combined

$959,500.00

$959,500.00

$0.00

Old rate

New rate

Difference

20/09/2010

01/01/2011

Income at which minimum supplement paid (non-transitional)

Fortnightly

Not a Member of a Couple

$1,516.20

$1,516.20

$0.00

Partnered - combined

$2,321.60

$2,321.60

$0.00

Illness Separated - combined

$2,996.40

$2,996.40

$0.00

Income at which minimum supplement paid (transitional)

Not a Member of a Couple

$1,678.00

$1,678.00

$0.00

Partnered - combined

$2,739.00

$2,739.00

$0.00

Illness Separated - combined

$3,320.00

$3,320.00

$0.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New rate

Difference

20/09/2010

01/01/2011

Assets at which minimum supplement paid (non-transitional)

Homeowner

Limit

Not a Member of a Couple

$638,500.00

$638,500.00

$0.00

Partnered - combined

$947,000.00

$947,000.00

$0.00

Illness Separated - combined

$1,171,500.00

$1,171,500.00

$0.00

Non-homeowner

Not a Member of a Couple

$770,000.00

$770,000.00

$0.00

Partnered - combined

$1,078,500.00

$1,078,500.00

$0.00

Illness Separated - combined

$1,303,000.00

$1,303,000.00

$0.00

Assets at which minimum supplement paid (transitional)

Homeowner

Not a Member of a Couple

$590,500.00

$590,500.00

$0.00

Partnered - combined

$920,500.00

$920,500.00

$0.00

Illness Separated - combined

$1,075,500.00

$1,075,500.00

$0.00

Non-homeowner

Not a Member of a Couple

$722,000.00

$722,000.00

$0.00

Partnered - combined

$1,052,000.00

$1,052,000.00

$0.00

Illness Separated - combined

$1,207,000.00

$1,207,000.00

$0.00

Old rate

New rate

Difference

20/09/2010

01/01/2011

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

ISS with no Rent Assistance

Fortnightly

Not a Member of a Couple

$853.10

$853.10

$0.00

Partnered - combined

$1,690.10

$1,690.10

$0.00

Illness Separated - combined

$2,395.30

$2,395.30

$0.00

ISS with Maximum Rent Assistance

Not a Member of a Couple

$1,083.50

$1,083.50

$0.00

Partnered - combined

$1,907.30

$1,907.30

$0.00

Illness Separated - combined

$2,856.10

$2,856.10

$0.00

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

ISS with no Rent Assistance

Not a Member of a Couple

$1,030.40

$1,030.40

$0.00

Partnered - combined

$2,130.90

$2,130.90

$0.00

Illness Separated - combined

$2,749.90

$2,749.90

$0.00

Additional amount per dependent child

$61.50

$61.50

$0.00

ISS with Maximum Rent Assistance

Not a Member of a Couple

$1,318.40

$1,318.40

$0.00

Partnered - combined

$2,402.40

$2,402.40

$0.00

Illness Separated - combined

$3,325.90

$3,325.90

$0.00

Additional amount per dependent child

$24.60

$24.60

$0.00