Service Pension Income & Assets Limit

LIMITS EFFECTIVE PAYDAY 3 OCTOBER 2002

(Date of Effect 20/09/2002)

Ordinary/Adjusted Income Free Area

Not a Member of a Couple

$116.00

Partnered - Combined

$204.00

Illness Separated - Combined

$204.00

Additional Free Area per Dependent Child

$24.60

Adjusted Income before ISS Reduces

Not a Member of a Couple

$871.50

Partnered - Combined

$1,360.00

Income at which SP Ceases

Basic Pension*

Max. RA#

Not a Member of a Couple

$1,204.00

$1,434.00

Partnered - Combined

$2,010.50

$2,227.50

Illness Separated - Combined

$1,190.00

$1,420.00

Ceiling Rate - Veteran Widows

$1,189.50

$1,419.50

Ceiling Rate - Partnered

$1,996.00

$2,213.00

*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

$1,189.50

Partnered - Combined

$1,996.00

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

$576.00

$331.50

1 child

$647.10

$402.60

2 children

$718.20

$473.70

For each additional child add $71.10

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

Low limit

High limit

Not a Member of a Couple

$145,250

$249,750

Partnered - Combined

$206,500

$311,000

Illness Separated - Combined

$206,500

$311,000

Assets before ISS Reduces (No RA in payment)

Low limit

High limit

Not a Member of a Couple

$246,000

$350,500

Partnered - Combined

$360,500

$465,000

Assets at which SP Ceases (No RA in payment)

Low limit

High limit

Not a Member of a Couple

$290,500

$395,000

Partnered - Combined

$447,500

$552,000

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

Low limit

High limit

Not a Member of a Couple

$288,500

$393,000

Partnered - Combined

$445,500

$550,000

Assets at which DVA Treatment SP Ceases

Low limit

High limit

Not a Member of a Couple

$174,000

$278,500

1 child

$180,250

$284,750

2 children

$186,500

$291,000

3 children

$192,750

$297,250

Partnered - Combined

$256,250

$360,750

1 child

$262,500

$367,000

2 children

$268,750

$373,250

3 children

$274,750

$379,250