Service Pension Income and Assets Limits
Limits effective payday 17 July 2008 – date of effect 1 July 2008.
Ordinary/adjusted income free area
Date of effect 1/7/2008.
|
|
Income per fortnight |
|
Not a member of a couple |
$138.00 |
|
Partnered – combined |
$240.00 |
|
Illness separated – combined |
$240.00 |
Additional free area for children
Date of effect 1/7/2008.
|
|
Income per fortnight |
|
Each Dependent Child |
$24.60 |
Income at which SP ceases
Date of effect 1/7/2008.
|
|
Basic pension * |
Maximum RA # |
|
Not a member of a couple |
$1,519.50 |
$1,787.50 |
|
Partnered – combined |
$2,538.50 |
$2,791.00 |
|
Illness separated – combined |
$3,003.00 |
$3,539.00 |
|
Ceiling rate – veteran widows |
$1,505.00 |
$1,773.00 |
|
Ceiling rate – partnered |
$2,524.00 |
$2,776.50 |
|
Ceiling rate – Illness separated – partnered |
$2,974.00 |
$3,510.00 |
*These increase with dependent children and/or rent
#These increase with dependent children
Adjusted income before ISS reduces
Date of effect 1/7/2008.
|
|
Income per fortnight |
|
Not a member of a couple |
$1,097.00 |
|
Partnered – combined |
$1,708.00 |
|
Illness separated – combined |
$2,158.00 |
Adjusted income at which ISS/DSS age pension ceases
Adjusted income is ordinary income plus all war widow's pension and foreign DP.
Date of effect 1/7/2008.
|
|
Income per fortnight |
|
^Not a member of a couple |
$1,505.00 |
|
^Partnered – combined |
$2,524.00 |
|
^Illness separated – combined |
$2,974.00 |
^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 $81.60
Date of effect 1/7/2008.
|
|
Partnered (combined) |
Non-Partnered |
|
No children |
$673.00 |
$389.75 |
|
1 child |
$754.60 |
$471.35 |
|
2 children |
$836.20 |
$552.95 |
Seniors health card taxable income limit
## Annual taxable income limit.
Date of effect 1 July 2001
|
|
##Annual Table Income Limit |
|
Not a member of a couple |
$50,000 |
|
Partnered – combined |
$80,000 |
|
Illness separated – combined |
$100,000 |
|
Respite care – combined |
$100,000 |
## Limit increases with dependent children
Assets value limit
Date of effect 1/7/2008.
|
|
Low limit |
High limit |
|
Not a member of a couple |
$171,750 |
$296,250 |
|
Partnered – combined |
$243,500 |
$368,000 |
|
Illness separated – combined |
$243,500 |
$368,000 |
Assets at which SP ceases
No RA in payment
Date of effect 1/7/2008.
|
|
Low limit |
High limit |
|
Not a member of a couple |
$540,250 |
$664,750 |
|
Partnered – combined |
$856,500 |
$981,000 |
|
Illness separated – combined |
$980,500 |
$1,105,000 |
Assets before ISS reduces
No RA in payment
Date of effect 1/7/2008.
|
|
Low limit |
High limit |
|
Not a member of a couple |
$427,500 |
$552,000 |
|
Partnered – combined |
$635,000 |
$759,500 |
|
Illness separated – combined |
$755,000 |
$879,500 |
Assets at which ISS/DSS age pension ceases
Rates quoted exclude PA
Date of effect 1/7/2008.
|
|
Low limit |
High limit |
|
Not a member of a couple |
$536,500 |
$661,000 |
|
Partnered – combined |
$853,000 |
$977,500 |
|
Illness separated – combined |
$973,000 |
$1,097,500 |
Assets at which DVA treatment SP ceases
Date of effect 1/7/2008.
|
|
Low limit |
High limit |
|
Not a member of a couple |
$239,000 |
$363,500 |
|
1 child |
$254,500 |
$379,000 |
|
2 children |
$269,750 |
$394,250 |
|
3 children |
$285,250 |
$409,750 |
|
Partnered – combined |
$359,000 |
$483,500 |
|
1 child |
$374,500 |
$499,000 |
|
2 children |
$389,750 |
$514,250 |
|
3 children |
$405,250 |
$529,750 |
Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/payment-rates/historical-payment-rates/pre-2011/vea-rates-history/2008/july-2008/service-pension-income-and-assets-limits