Service Pension Income & Assets Limit

LIMITS EFFECTIVE PAYDAY 6 January 2005

(Date of Effect 1 January 2005)

Ordinary/Adjusted Income Free Area (effective 1 July 2004)

Not a Member of a Couple

$122.00

Partnered - Combined

$216.00

Illness Separated - Combined

$216.00

Additional Free Area per Dependent Child

$24.60

Adjusted Income before ISS Reduces

Not a Member of a Couple

$949.00

Partnered - Combined

$1,481.50

Income at which SP Ceases

Basic Pension*

Max. RA#

Not a Member of a Couple

$1,313.25

$1,555.25

Partnered - Combined

$2,195.50

$2,424.00

Illness Separated - Combined

$2,598.50

$3,082.50

Ceiling Rate - Veteran Widows

$1,298.75

$1,540.75

Ceiling Rate - Partnered

$2,181.00

$2,409.50

*These increase with dependent children and/or rent

#These increase with dependent children

Adjusted Income at which ISS/DSS Age Pension Ceases

Not a Member of a Couple

$1,298.75

Partnered - Combined

$2,181.00

Adjusted Income is Ordinary Income plus foreign DP and War Widow’s Pension

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

Income at which DVA Treatment Ceases (SP cases)

Partner (combined)

Non-Partnered

No children

$607.50

$349.00

1 child

$681.85

$423.35

2 children

$756.20

$497.70

For each additional child add $74.35

Seniors Health Card Taxable Income Limit (effective 1 July 2001)#

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

$153,000

$263,500

Partnered - Combined

$217,500

$328,000

Illness Separated - Combined

$217,500

$328,000

Assets before ISS Reduces (No RA in payment)

Low limit

High limit

Not a Member of a Couple

$263,250

$373,750

Partnered - Combined

$386,000

$496,500

Assets at which SP Ceases (No RA in payment)

Low limit

High limit

Not a Member of a Couple

$312,000

$422,500

Partnered - Combined

$481,500

$592,000

Illness Separated – Combined

$535,500

$646,000

Assets at which ISS/DSS Age Pension Ceases (excludes PA)

Low limit

High limit

Not a Member of a Couple

$310,000

$420,500

Partnered - Combined

$479,500

$590,000

Assets at which DVA Treatment SP Ceases

Low limit

High limit

Not a Member of a Couple

$183,500

$294,000

1 child

$190,000

$300,500

2 children

$196,750

$307,250

3 children

$203,250

$313,750

Partnered - Combined

$269,750

$380,250

1 child

$276,500

$387,000

2 children

$283,000

$393,500

3 children

$289,750

$400,250