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

20/03/2011

01/07/2011

Aged care

Standard pensioner contribution

Fortnightly

Standard pensioner contribution - general

$563.50

$563.50

$0.00

Standard pensioner contribution - phased

$536.62

$536.62

$0.00

Standard pensioner contribution - protected resident

$514.36

$514.36

$0.00

Standard pensioner contribution - certain pre 2008 reform residents

$640.64

$640.64

$0.00

Income and Asset limits

Annual

Minimum permissable asset value

$39,000.00

$39,000.00

$0.00

Partially supported resident

$102,544.00

$102,544.00

$0.00

Concessional resident

$39,000.00

$39,000.00

$0.00

Assisted resident

$63,000.00

$63,000.00

$0.00

Threshold amount

$6,172.40

$6,172.40

$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

Limit

Child 15 or younger (per week)

$181.10

$181.10

$0.00

Child 16 or older (per annum)

$9,925.50

$9,925.50

$0.00

Assets value limit

Homeowner

Limit

Single

$181,750.00

$186,750.00

$5,000.00

Partnered (each) including illness separated and respite care

$129,000.00

$132,500.00

$3,500.00

Non-homeowner

Single

$313,250.00

$321,750.00

$8,500.00

Partnered (each) including illness separated and respite care

$194,750.00

$200,000.00

$5,250.00

Old rate

New Rate

Difference

20/03/2011

01/07/2011

Asset Levels at which SP ceases (non-transitional)

Low Limit

Limit

Not a Member of a Couple

$668,000.00

$673,000.00

$5,000.00

Partnered - combined

$991,000.00

$998,000.00

$7,000.00

Illness Separated - combined

$1,230,500.00

$1,237,500.00

$7,000.00

High Limit (without RA)

Not a Member of a Couple

$799,500.00

$808,000.00

$8,500.00

Partnered - combined

$1,122,500.00

$1,133,000.00

$10,500.00

Illness Separated - combined

$1,362,000.00

$1,372,500.00

$10,500.00

Asset Levels at which SP ceases (transitional)

Low Limit

Not a Member of a Couple

$615,750.00

$620,750.00

$5,000.00

Partnered - combined

$959,000.00

$966,000.00

$7,000.00

Illness Separated - combined

$1,126,000.00

$1,133,000.00

$7,000.00

High Limit (without RA)

Not a Member of a Couple

$747,250.00

$755,750.00

$8,500.00

Partnered - combined

$1,090,500.00

$1,101,000.00

$10,500.00

Illness Separated - combined

$1,257,500.00

$1,268,000.00

$10,500.00

Special disability trust asset limit

Limit

Asset value limit

$563,250.00

$578,500.00

$15,250.00

Old rate

New Rate

Difference

20/03/2011

01/07/2011

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

SP with no Rent Assistance

Fortnightly

Not a Member of a Couple

$1,604.60

$1,608.60

$4.00

Partnered - combined

$2,454.80

$2,462.80

$8.00

Illness Separated - combined

$3,173.20

$3,181.20

$8.00

SP with Maximum Rent Assistance

Not a Member of a Couple

$1,837.40

$1,841.40

$4.00

Partnered - combined

$2,674.40

$2,682.40

$8.00

Illness Separated - combined

$3,638.80

$3,646.80

$8.00

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

SP with no Rent Assistance

Not a Member of a Couple

$1,773.25

$1,777.25

$4.00

Partnered - combined

$2,884.50

$2,892.50

$8.00

Illness Separated - combined

$3,510.50

$3,518.50

$8.00

Additional amount per dependent child

$24.60

$24.60

$0.00

SP with Maximum Rent Assistance

Not a Member of a Couple

$2,064.25

$2,068.25

$4.00

Partnered - combined

$3,159.00

$3,167.00

$8.00

Illness Separated - combined

$4,092.50

$4,100.50

$8.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

20/03/2011

01/07/2011

Income and assets reduction limit

Fortnightly

Single

$109.40

$109.40

$0.00

Partnered (each), including illness separated and respite care

$94.10

$94.10

$0.00

Income free area

Fortnightly

Single

$146.00

$150.00

$4.00

Partnered (combined), including illness separated and respite care

$256.00

$264.00

$8.00

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

$1,401.60

$32.85

Amount per additional child

$456.25

$467.20

$10.95

Old rate

New Rate

Difference

20/03/2011

01/07/2011

Deeming thresholds

Limit

Single

$43,200.00

$44,600.00

$1,400.00

Partnered (combined), including illness separated and respite care

$72,000.00

$74,400.00

$2,400.00

Exempt funeral investment threshold

Limit

Exempt funeral investment threshold

$11,000.00

$11,250.00

$250.00

Primary production attribution threshold

Limit

Primary production attribution threshold (assets)

$1,025,000.00

$1,052,750.00

$27,750.00

Primary production attribution threshold (income)

$45,114.00

$46,355.00

$1,241.00

SHA assessable amount

Fortnightly

Single non-transitional service pension

$610.90

$610.90

$0.00

Partnered non-transitional service pension

$505.70

$505.70

$0.00

Single transitional service pension

$577.30

$577.30

$0.00

Partnered transitional service pension

$481.70

$481.70

$0.00

War widow pension

$652.00

$652.00

$0.00

Single income support supplement

$189.40

$189.40

$0.00

Partnered income support supplement

$197.10

$197.10

$0.00

Old rate

New Rate

Difference

20/03/2011

01/07/2011

Minimum rent for maximum Rent Assistance (RA)

Single

Fortnightly

No children

$258.80

$258.80

$0.00

1-2 children

$318.73

$318.73

$0.00

3 or more children

$342.44

$342.44

$0.00

Partnered

No children

$315.00

$315.00

$0.00

1-2 children

$384.11

$384.11

$0.00

3 or more children

$407.82

$407.82

$0.00

Old rate

New Rate

Difference

20/03/2011

01/07/2011

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

Fortnightly

Not a Member of a Couple

$364.80

$368.80

$4.00

Partnered - each

$316.20

$320.20

$4.00

Partnered - combined

$632.40

$640.40

$8.00

Income limit for Gold Card with SP (transitional)

Not a Member of a Couple

No Children

$419.50

$423.50

$4.00

1 Child

$444.10

$448.10

$4.00

2 Children

$468.70

$472.70

$4.00

3 Children

$493.30

$497.30

$4.00

4 Children

$517.90

$521.90

$4.00

5 Children

$542.50

$546.50

$4.00

6 Children

$567.10

$571.10

$4.00

7 Children

$591.70

$595.70

$4.00

8 Children

$616.30

$620.30

$4.00

9 Children

$640.90

$644.90

$4.00

10 Children

$665.50

$669.50

$4.00

Additional per child

$24.60

$24.60

$0.00

Partnered - each

No Children

$363.25

$367.25

$4.00

Partnered - combined

No Children

$726.50

$734.50

$8.00

1 Child

$751.10

$759.10

$8.00

2 Children

$775.70

$783.70

$8.00

3 Children

$800.30

$808.30

$8.00

4 Children

$824.90

$832.90

$8.00

5 Children

$849.50

$857.50

$8.00

6 Children

$874.10

$882.10

$8.00

7 Children

$898.70

$906.70

$8.00

8 Children

$923.30

$931.30

$8.00

9 Children

$947.90

$955.90

$8.00

10 Children

$972.50

$980.50

$8.00

Additional per child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

20/03/2011

01/07/2011

Asset limit for Gold Card with SP

Low Limit

Limit

Not a Member of a Couple

$254,750.00

$259,750.00

$5,000.00

Partnered - combined

$383,500.00

$390,500.00

$7,000.00

High Limit

Not a Member of a Couple

$386,250.00

$394,750.00

$8,500.00

Partnered - combined

$515,000.00

$525,500.00

$10,500.00

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)

$99,911.11

$102,688.89

$2,777.78

Service pension max rate $ variation (non-homeowner)

$99,911.11

$102,688.89

$2,777.78

ISS ceiling rate $ variation (homeowner)

$260,706.67

$263,484.44

$2,777.78

ISS ceiling rate $ variation (non-homeowner)

$260,706.67

$263,484.44

$2,777.78

Age pension max rate (homeowner)

$98,755.56

$101,533.33

$2,777.78

Age pension max rate (non-homeowner)

$98,755.56

$101,533.33

$2,777.78

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

$179,644.44

$5,422.22

Service pension max rate $ variation (non-homeowner)

$174,222.22

$179,644.44

$5,422.22

ISS ceiling rate $ variation (homeowner)

$507,542.22

$512,964.44

$5,422.22

ISS ceiling rate $ variation (non-homeowner)

$507,542.22

$512,964.44

$5,422.22

Age pension max rate (homeowner)

$171,911.11

$177,333.33

$5,422.22

Age pension max rate (non-homeowner)

$171,911.11

$177,333.33

$5,422.22

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

$102,977.78

$2,777.78

Service pension max rate $ variation (non-homeowner)

$100,200.00

$102,977.78

$2,777.78

ISS ceiling rate $ variation (homeowner)

$294,651.11

$297,428.89

$2,777.78

ISS ceiling rate $ variation (non-homeowner)

$294,651.11

$297,428.89

$2,777.78

Age pension max rate (homeowner)

$98,755.56

$101,533.33

$2,777.78

Age pension max rate (non-homeowner)

$98,755.56

$101,533.33

$2,777.78

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

$180,222.22

$5,422.22

Service pension max rate $ variation (non-homeowner)

$174,800.00

$180,222.22

$5,422.22

ISS ceiling rate $ variation (homeowner)

$628,817.78

$634,240.00

$5,422.22

ISS ceiling rate $ variation (non-homeowner)

$628,817.78

$634,240.00

$5,422.22

Age pension max rate (homeowner)

$171,911.11

$177,333.33

$5,422.22

Age pension max rate (non-homeowner)

$171,911.11

$177,333.33

$5,422.22

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

20/03/2011

01/07/2011

Adjusted Income at which ISS reduces (non-transitional)

Fortnightly

Not a Member of a Couple

$1,163.00

$1,167.00

$4.00

Partnered - combined

$1,571.60

$1,579.60

$8.00

Illness Separated - combined

$2,290.00

$2,298.00

$8.00

Adjusted Income at which ISS reduces (transitional)

Not a Member of a Couple

$1,221.25

$1,225.25

$4.00

Partnered - combined

$1,780.50

$1,788.50

$8.00

Illness Separated - combined

$2,406.50

$2,414.50

$8.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

20/03/2011

01/07/2011

Assets at which ISS reduces (non-transitional)

Homeowner

Limit

Not a Member of a Couple

$520,750.00

$525,750.00

$5,000.00

Partnered - combined

$697,000.00

$704,000.00

$7,000.00

Illness Separated - combined

$936,000.00

$943,000.00

$7,000.00

Non-homeowner

Not a Member of a Couple

$652,250.00

$660,750.00

$8,500.00

Partnered - combined

$828,500.00

$839,000.00

$10,500.00

Illness Separated - combined

$1,067,500.00

$1,078,000.00

$10,500.00

Assets at which ISS reduces (transitional)

Homeowner

Not a Member of a Couple

$468,500.00

$473,500.00

$5,000.00

Partnered - combined

$665,000.00

$672,000.00

$7,000.00

Illness Separated - combined

$831,500.00

$838,500.00

$7,000.00

Non-homeowner

Not a Member of a Couple

$600,000.00

$608,500.00

$8,500.00

Partnered - combined

$796,500.00

$807,000.00

$10,500.00

Illness Separated - combined

$963,000.00

$973,500.00

$10,500.00

Old rate

New Rate

Difference

20/03/2011

01/07/2011

Income at which minimum supplement paid (non-transitional)

Fortnightly

Not a Member of a Couple

$1,541.80

$1,545.80

$4.00

Partnered - combined

$2,360.00

$2,368.00

$8.00

Illness Separated - combined

$3,047.60

$3,055.60

$8.00

Income at which minimum supplement paid (transitional)

Not a Member of a Couple

$1,694.75

$1,698.75

$4.00

Partnered - combined

$2,766.00

$2,774.00

$8.00

Illness Separated - combined

$3,353.50

$3,361.50

$8.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

20/03/2011

01/07/2011

Assets at which minimum supplement paid (non-transitional)

Homeowner

Limit

Not a Member of a Couple

$647,250.00

$652,250.00

$5,000.00

Partnered - combined

$959,500.00

$966,500.00

$7,000.00

Illness Separated - combined

$1,189,000.00

$1,196,000.00

$7,000.00

Non-homeowner

Not a Member of a Couple

$778,750.00

$787,250.00

$8,500.00

Partnered - combined

$1,091,000.00

$1,101,500.00

$10,500.00

Illness Separated - combined

$1,320,500.00

$1,331,000.00

$10,500.00

Assets at which minimum supplement paid (transitional)

Homeowner

Not a Member of a Couple

$594,750.00

$599,750.00

$5,000.00

Partnered - combined

$927,500.00

$934,500.00

$7,000.00

Illness Separated - combined

$1,084,000.00

$1,091,000.00

$7,000.00

Non-homeowner

Not a Member of a Couple

$726,250.00

$734,750.00

$8,500.00

Partnered - combined

$1,059,000.00

$1,069,500.00

$10,500.00

Illness Separated - combined

$1,215,500.00

$1,226,000.00

$10,500.00

Old rate

New Rate

Difference

20/03/2011

01/07/2011

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

ISS with no Rent Assistance

Fortnightly

Not a Member of a Couple

$865.90

$869.90

$4.00

Partnered - combined

$1,716.10

$1,724.10

$8.00

Illness Separated - combined

$2,434.50

$2,442.50

$8.00

ISS with Maximum Rent Assistance

Not a Member of a Couple

$1,098.70

$1,102.70

$4.00

Partnered - combined

$1,935.70

$1,943.70

$8.00

Illness Separated - combined

$2,900.10

$2,908.10

$8.00

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

ISS with no Rent Assistance

Not a Member of a Couple

$1,034.55

$1,038.55

$4.00

Partnered - combined

$2,145.80

$2,153.80

$8.00

Illness Separated - combined

$2,771.80

$2,779.80

$8.00

Additional amount per dependent child

$61.50

$61.50

$0.00

ISS with Maximum Rent Assistance

Not a Member of a Couple

$1,325.55

$1,329.55

$4.00

Partnered - combined

$2,420.30

$2,428.30

$8.00

Illness Separated - combined

$3,353.80

$3,361.80

$8.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference