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

01/01/2011

20/03/2011

Aged care

Standard pensioner contribution

Fortnightly

Standard pensioner contribution - general

$553.00

$563.50

$10.50

Standard pensioner contribution - phased

$520.10

$536.62

$16.52

Standard pensioner contribution - protected resident

$490.28

$514.36

$24.08

Standard pensioner contribution - certain pre 2008 reform residents

$610.82

$640.64

$29.82

Income and Asset limits

Annual

Minimum permissable asset value

$38,500.00

$39,000.00

$500.00

Partially supported resident

$98,237.60

$102,544.00

$4,306.40

Concessional resident

$38,500.00

$39,000.00

$500.00

Assisted resident

$62,000.00

$63,000.00

$1,000.00

Threshold amount

$6,058.00

$6,172.40

$114.40

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

$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

Old rate

New Rate

Difference

01/01/2011

20/03/2011

Asset Levels at which SP ceases (non-transitional)

Low Limit

Limit

Not a Member of a Couple

$659,250.00

$668,000.00

$8,750.00

Partnered - combined

$978,000.00

$991,000.00

$13,000.00

Illness Separated - combined

$1,213,000.00

$1,230,500.00

$17,500.00

High Limit (without RA)

Not a Member of a Couple

$790,750.00

$799,500.00

$8,750.00

Partnered - combined

$1,109,500.00

$1,122,500.00

$13,000.00

Illness Separated - combined

$1,344,500.00

$1,362,000.00

$17,500.00

Asset Levels at which SP ceases (transitional)

Low Limit

Not a Member of a Couple

$611,000.00

$615,750.00

$4,750.00

Partnered - combined

$951,500.00

$959,000.00

$7,500.00

Illness Separated - combined

$1,116,500.00

$1,126,000.00

$9,500.00

High Limit (without RA)

Not a Member of a Couple

$742,500.00

$747,250.00

$4,750.00

Partnered - combined

$1,083,000.00

$1,090,500.00

$7,500.00

Illness Separated - combined

$1,248,000.00

$1,257,500.00

$9,500.00

Special disability trust asset limit

Limit

Asset value limit

$563,250.00

$563,250.00

$0.00

Old rate

New Rate

Difference

01/01/2011

20/03/2011

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

SP with no Rent Assistance

Fortnightly

Not a Member of a Couple

$1,578.20

$1,604.60

$26.40

Partnered - combined

$2,415.20

$2,454.80

$39.60

Illness Separated - combined

$3,120.40

$3,173.20

$52.80

SP with Maximum Rent Assistance

Not a Member of a Couple

$1,808.60

$1,837.40

$28.80

Partnered - combined

$2,632.40

$2,674.40

$42.00

Illness Separated - combined

$3,581.20

$3,638.80

$57.60

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

SP with no Rent Assistance

Not a Member of a Couple

$1,755.50

$1,773.25

$17.75

Partnered - combined

$2,856.00

$2,884.50

$28.50

Illness Separated - combined

$3,475.00

$3,510.50

$35.50

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

$2,064.25

$20.75

Partnered - combined

$3,127.50

$3,159.00

$31.50

Illness Separated - combined

$4,051.00

$4,092.50

$41.50

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

01/01/2011

20/03/2011

Income and assets reduction limit

Fortnightly

Single

$108.20

$109.40

$1.20

Partnered (each), including illness separated and respite care

$93.10

$94.10

$1.00

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

01/01/2011

20/03/2011

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

$610.90

$12.50

Partnered non-transitional service pension

$496.30

$505.70

$9.40

Single transitional service pension

$570.90

$577.30

$6.40

Partnered transitional service pension

$476.50

$481.70

$5.20

War widow pension

$638.70

$652.00

$13.30

Single income support supplement

$185.60

$189.40

$3.80

Partnered income support supplement

$193.20

$197.10

$3.90

Old rate

New Rate

Difference

01/01/2011

20/03/2011

Minimum rent for maximum Rent Assistance (RA)

Single

Fortnightly

No children

$256.00

$258.80

$2.80

1-2 children

$315.14

$318.73

$3.59

3 or more children

$338.66

$342.44

$3.78

Partnered

No children

$311.60

$315.00

$3.40

1-2 children

$379.82

$384.11

$4.29

3 or more children

$403.34

$407.82

$4.48

Old rate

New Rate

Difference

01/01/2011

20/03/2011

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

Fortnightly

Not a Member of a Couple

$362.40

$364.80

$2.40

Partnered - each

$314.20

$316.20

$2.00

Partnered - combined

$628.40

$632.40

$4.00

Income limit for Gold Card with SP (transitional)

Not a Member of a Couple

No Children

$416.50

$419.50

$3.00

1 Child

$441.10

$444.10

$3.00

2 Children

$465.70

$468.70

$3.00

3 Children

$490.30

$493.30

$3.00

4 Children

$514.90

$517.90

$3.00

5 Children

$539.50

$542.50

$3.00

6 Children

$564.10

$567.10

$3.00

7 Children

$588.70

$591.70

$3.00

8 Children

$613.30

$616.30

$3.00

9 Children

$637.90

$640.90

$3.00

10 Children

$662.50

$665.50

$3.00

Additional per child

$24.60

$24.60

$0.00

Partnered - each

No Children

$360.75

$363.25

$2.50

Partnered - combined

No Children

$721.50

$726.50

$5.00

1 Child

$746.10

$751.10

$5.00

2 Children

$770.70

$775.70

$5.00

3 Children

$795.30

$800.30

$5.00

4 Children

$819.90

$824.90

$5.00

5 Children

$844.50

$849.50

$5.00

6 Children

$869.10

$874.10

$5.00

7 Children

$893.70

$898.70

$5.00

8 Children

$918.30

$923.30

$5.00

9 Children

$942.90

$947.90

$5.00

10 Children

$967.50

$972.50

$5.00

Additional per child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

01/01/2011

20/03/2011

Asset limit for Gold Card with SP

Low Limit

Limit

Not a Member of a Couple

$254,000.00

$254,750.00

$750.00

Partnered - combined

$382,500.00

$383,500.00

$1,000.00

High Limit

Not a Member of a Couple

$385,500.00

$386,250.00

$750.00

Partnered - combined

$514,000.00

$515,000.00

$1,000.00

Old rate

New Rate

Difference

01/01/2011

20/03/2011

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

$260,706.67

$2,542.22

ISS ceiling rate $ variation (non-homeowner)

$258,164.44

$260,706.67

$2,542.22

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

$507,542.22

$5,315.56

ISS ceiling rate $ variation (non-homeowner)

$502,226.67

$507,542.22

$5,315.56

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

$294,651.11

-$3,668.89

ISS ceiling rate $ variation (non-homeowner)

$298,320.00

$294,651.11

-$3,668.89

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

$628,817.78

-$3,524.44

ISS ceiling rate $ variation (non-homeowner)

$632,342.22

$628,817.78

-$3,524.44

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

01/01/2011

20/03/2011

Adjusted Income at which ISS reduces (non-transitional)

Fortnightly

Not a Member of a Couple

$1,145.00

$1,163.00

$18.00

Partnered - combined

$1,548.80

$1,571.60

$22.80

Illness Separated - combined

$2,254.00

$2,290.00

$36.00

Adjusted Income at which ISS reduces (transitional)

Not a Member of a Couple

$1,214.00

$1,221.25

$7.25

Partnered - combined

$1,773.00

$1,780.50

$7.50

Illness Separated - combined

$2,392.00

$2,406.50

$14.50

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

01/01/2011

20/03/2011

Assets at which ISS reduces (non-transitional)

Homeowner

Limit

Not a Member of a Couple

$514,750.00

$520,750.00

$6,000.00

Partnered - combined

$689,000.00

$697,000.00

$8,000.00

Illness Separated - combined

$924,000.00

$936,000.00

$12,000.00

Non-homeowner

Not a Member of a Couple

$646,250.00

$652,250.00

$6,000.00

Partnered - combined

$820,500.00

$828,500.00

$8,000.00

Illness Separated - combined

$1,055,500.00

$1,067,500.00

$12,000.00

Assets at which ISS reduces (transitional)

Homeowner

Not a Member of a Couple

$466,750.00

$468,500.00

$1,750.00

Partnered - combined

$663,000.00

$665,000.00

$2,000.00

Illness Separated - combined

$828,000.00

$831,500.00

$3,500.00

Non-homeowner

Not a Member of a Couple

$598,250.00

$600,000.00

$1,750.00

Partnered - combined

$794,500.00

$796,500.00

$2,000.00

Illness Separated - combined

$959,500.00

$963,000.00

$3,500.00

Old rate

New Rate

Difference

01/01/2011

20/03/2011

Income at which minimum supplement paid (non-transitional)

Fortnightly

Not a Member of a Couple

$1,516.20

$1,541.80

$25.60

Partnered - combined

$2,321.60

$2,360.00

$38.40

Illness Separated - combined

$2,996.40

$3,047.60

$51.20

Income at which minimum supplement paid (transitional)

Not a Member of a Couple

$1,678.00

$1,694.75

$16.75

Partnered - combined

$2,739.00

$2,766.00

$27.00

Illness Separated - combined

$3,320.00

$3,353.50

$33.50

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

01/01/2011

20/03/2011

Assets at which minimum supplement paid (non-transitional)

Homeowner

Limit

Not a Member of a Couple

$638,500.00

$647,250.00

$8,750.00

Partnered - combined

$947,000.00

$959,500.00

$12,500.00

Illness Separated - combined

$1,171,500.00

$1,189,000.00

$17,500.00

Non-homeowner

Not a Member of a Couple

$770,000.00

$778,750.00

$8,750.00

Partnered - combined

$1,078,500.00

$1,091,000.00

$12,500.00

Illness Separated - combined

$1,303,000.00

$1,320,500.00

$17,500.00

Assets at which minimum supplement paid (transitional)

Homeowner

Not a Member of a Couple

$590,500.00

$594,750.00

$4,250.00

Partnered - combined

$920,500.00

$927,500.00

$7,000.00

Illness Separated - combined

$1,075,500.00

$1,084,000.00

$8,500.00

Non-homeowner

Not a Member of a Couple

$722,000.00

$726,250.00

$4,250.00

Partnered - combined

$1,052,000.00

$1,059,000.00

$7,000.00

Illness Separated - combined

$1,207,000.00

$1,215,500.00

$8,500.00

Old rate

New Rate

Difference

01/01/2011

20/03/2011

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

ISS with no Rent Assistance

Fortnightly

Not a Member of a Couple

$853.10

$865.90

$12.80

Partnered - combined

$1,690.10

$1,716.10

$26.00

Illness Separated - combined

$2,395.30

$2,434.50

$39.20

ISS with Maximum Rent Assistance

Not a Member of a Couple

$1,083.50

$1,098.70

$15.20

Partnered - combined

$1,907.30

$1,935.70

$28.40

Illness Separated - combined

$2,856.10

$2,900.10

$44.00

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

ISS with no Rent Assistance

Not a Member of a Couple

$1,030.40

$1,034.55

$4.15

Partnered - combined

$2,130.90

$2,145.80

$14.90

Illness Separated - combined

$2,749.90

$2,771.80

$21.90

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

$1,325.55

$7.15

Partnered - combined

$2,402.40

$2,420.30

$17.90

Illness Separated - combined

$3,325.90

$3,353.80

$27.90

Additional amount per dependent child

$24.60

$24.60

$0.00