Income and Assets Limits, Thresholds & Income Free Areas

20/03/2012

01/07/2012

Aged care

Standard pensioner contribution

Fortnightly

Standard pensioner contribution - general

$583.94

$590.94

$7.00

Standard pensioner contribution - phased

$570.08

$577.08

$7.00

Standard pensioner contribution - protected resident

$532.98

$538.72

$5.74

Standard pensioner contribution - certain pre 2008 reform residents

$663.74

$670.88

$7.14

Income and Asset limits

Annual

Minimum permissable asset value

$40,500.00

$40,500.00

$0.00

Partially supported resident

$108,266.40

$108,266.40

$0.00

Concessional resident

$40,500.00

$40,500.00

$0.00

Assisted resident

$65,500.00

$65,500.00

$0.00

Threshold amount

$6,398.60

$6,398.60

$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)

$187.60

$187.60

$0.00

Child 16 or older (per annum)

$10,282.80

$10,282.80

$0.00

Assets value limit

Homeowner

Limit

Single

$186,750.00

$192,500.00

$5,750.00

Partnered (each) including illness separated and respite care

$132,500.00

$136,500.00

$4,000.00

Non-homeowner

Single

$321,750.00

$332,000.00

$10,250.00

Partnered (each) including illness separated and respite care

$200,000.00

$206,250.00

$6,250.00

Old rate

New Rate

Difference

20/03/2012

01/07/2011

Asset Levels at which SP ceases (non-transitional)

Low Limit

Limit

Not a Member of a Couple

$690,500.00

$696,250.00

$5,750.00

Partnered - combined

$1,024,500.00

$1,032,500.00

$8,000.00

Illness Separated - combined

$1,272,500.00

$1,280,500.00

$8,000.00

High Limit (without RA)

Not a Member of a Couple

$825,500.00

$835,750.00

$10,250.00

Partnered - combined

$1,159,500.00

$1,172,000.00

$12,500.00

Illness Separated - combined

$1,407,500.00

$1,420,000.00

$12,500.00

Asset Levels at which SP ceases (transitional)

Low Limit

Not a Member of a Couple

$634,250.00

$640,000.00

$5,750.00

Partnered - combined

$988,000.00

$996,000.00

$8,000.00

Illness Separated - combined

$1,160,000.00

$1,168,000.00

$8,000.00

High Limit (without RA)

Not a Member of a Couple

$769,250.00

$779,500.00

$10,250.00

Partnered - combined

$1,123,000.00

$1,135,500.00

$12,500.00

Illness Separated - combined

$1,295,000.00

$1,307,500.00

$12,500.00

Special disability trust asset limit

Limit

Asset value limit

$578,500.00

$596,500.00

$18,000.00

Old rate

New Rate

Difference

20/03/2012

01/07/2012

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

SP with no Rent Assistance

Fortnightly

Not a Member of a Couple

$1,661.00

$1,663.00

$2.00

Partnered - combined

$2,542.00

$2,546.00

$4.00

Illness Separated - combined

$3,286.00

$3,290.00

$4.00

SP with Maximum Rent Assistance

Not a Member of a Couple

$1,901.40

$1,903.40

$2.00

Partnered - combined

$2,768.40

$2,772.40

$4.00

Illness Separated - combined

$3,766.80

$3,770.80

$4.00

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

SP with no Rent Assistance

Not a Member of a Couple

$1,828.00

$1,830.00

$2.00

Partnered - combined

$2,974.00

$2,978.00

$4.00

Illness Separated - combined

$3,620.00

$3,624.00

$4.00

Additional amount per dependent child

$24.60

$24.60

$0.00

SP with Maximum Rent Assistance

Not a Member of a Couple

$2,128.50

$2,130.50

$2.00

Partnered - combined

$3,257.00

$3,261.00

$4.00

Illness Separated - combined

$4,221.00

$4,225.00

$4.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

20/03/2012

01/07/2012

Income and assets reduction limit

Fortnightly

Single

$112.80

$112.80

$0.00

Partnered (each), including illness separated and respite care

$97.10

$97.10

$0.00

Income free area

Fortnightly

Single

$150.00

$152.00

$2.00

Partnered (combined), including illness separated and respite care

$264.00

$268.00

$4.00

Additional amount for dependent children (transitional only)

$24.60

$24.60

$0.00

Maintenance income free area

Annual

Amount per person (1 child)

$1,401.60

$1,445.40

$43.80

Amount per additional child

$467.20

$481.80

$14.60

Old rate

New Rate

Difference

20/03/2011

01/07/2011

Deeming thresholds

Limit

Single

$44,600.00

$45,400.00

$800.00

Partnered (combined), including illness separated and respite care

$74,400.00

$75,600.00

$1,200.00

Exempt funeral investment threshold

Limit

Exempt funeral investment threshold

$11,250.00

$11,500.00

$250.00

Primary production attribution threshold

Limit

Primary production attribution threshold (assets)

$1,052,750.00

$1,085,500.00

$32,750.00

Primary production attribution threshold (income)

$46,355.00

$47,815.00

$1,460.00

SHA assessable amount

Fortnightly

Single non-transitional service pension

$635.30

$635.30

$0.00

Partnered non-transitional service pension

$524.10

$524.10

$0.00

Single transitional service pension

$595.80

$595.80

$0.00

Partnered transitional service pension

$496.60

$496.60

$0.00

War widow pension

$678.00

$678.00

$0.00

Single income support supplement

$196.50

$196.50

$0.00

Partnered income support supplement

$204.50

$204.50

$0.00

Old rate

New Rate

Difference

20/03/2012

01/07/2012

Minimum rent for maximum Rent Assistance (RA)

Single

Fortnightly

No children

$267.07

$267.07

$0.00

1-2 children

$328.53

$328.53

$0.00

3 or more children

$353.17

$353.17

$0.00

Partnered

No children

$324.73

$324.73

$0.00

1-2 children

$396.01

$396.01

$0.00

3 or more children

$420.65

$420.65

$0.00

Old rate

New Rate

Difference

20/03/2012

01/07/2012

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

Fortnightly

Not a Member of a Couple

$375.60

$377.60

$2.00

Partnered - each

$326.20

$328.20

$2.00

Partnered - combined

$652.40

$656.40

$4.00

Income limit for Gold Card with SP (transitional)

Not a Member of a Couple

No Children

$432.00

$434.00

$2.00

1 Child

$456.60

$458.60

$2.00

2 Children

$481.20

$483.20

$2.00

3 Children

$505.80

$507.80

$2.00

4 Children

$530.40

$532.40

$2.00

5 Children

$555.00

$557.00

$2.00

6 Children

$579.60

$581.60

$2.00

7 Children

$604.20

$606.20

$2.00

8 Children

$628.80

$630.80

$2.00

9 Children

$653.40

$655.40

$2.00

10 Children

$678.00

$680.00

$2.00

Additional per child

$24.60

$24.60

$0.00

Partnered - each

No Children

$374.75

$376.75

$2.00

Partnered - combined

No Children

$749.50

$753.50

$4.00

1 Child

$774.10

$778.10

$4.00

2 Children

$798.70

$802.70

$4.00

3 Children

$823.30

$827.30

$4.00

4 Children

$847.90

$851.90

$4.00

5 Children

$872.50

$876.50

$4.00

6 Children

$897.10

$901.10

$4.00

7 Children

$921.70

$925.70

$4.00

8 Children

$946.30

$950.30

$4.00

9 Children

$970.90

$974.90

$4.00

10 Children

$995.50

$999.50

$4.00

Additional per child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

20/03/2012

01/07/2012

Asset limit for Gold Card with SP

Low Limit

Limit

Not a Member of a Couple

$262,000.00

$267,750.00

$5,750.00

Partnered - combined

$394,500.00

$402,500.00

$8,000.00

High Limit

Not a Member of a Couple

$397,000.00

$407,250.00

$10,250.00

Partnered - combined

$529,500.00

$542,000.00

$12,500.00

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)

$102,688.89

$104,111.11

$1,422.22

Service pension max rate $ variation (non-homeowner)

$102,688.89

$104,111.11

$1,422.22

ISS ceiling rate $ variation (homeowner)

$268,857.78

$270,280.00

$1,422.22

ISS ceiling rate $ variation (non-homeowner)

$268,857.78

$270,280.00

$1,422.22

Age pension max rate (homeowner)

$101,533.33

$102,955.56

$1,422.22

Age pension max rate (non-homeowner)

$101,533.33

$102,955.56

$1,422.22

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)

$179,644.44

$182,355.56

$2,711.11

Service pension max rate $ variation (non-homeowner)

$179,644.44

$182,355.56

$2,711.11

ISS ceiling rate $ variation (homeowner)

$524,462.22

$527,173.33

$2,711.11

ISS ceiling rate $ variation (non-homeowner)

$524,462.22

$527,173.33

$2,711.11

Age pension max rate (homeowner)

$177,333.33

$180,044.44

$2,711.11

Age pension max rate (non-homeowner)

$177,333.33

$180,044.44

$2,711.11

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)

$102,977.78

$104,400.00

$1,422.22

Service pension max rate $ variation (non-homeowner)

$102,977.78

$104,400.00

$1,422.22

ISS ceiling rate $ variation (homeowner)

$299,508.89

$300,931.11

$1,422.22

ISS ceiling rate $ variation (non-homeowner)

$299,508.89

$300,931.11

$1,422.22

Age pension max rate (homeowner)

$101,533.33

$102,955.56

$1,422.22

Age pension max rate (non-homeowner)

$101,533.33

$102,955.56

$1,422.22

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)

$180,222.22

$182,933.33

$2,711.11

Service pension max rate $ variation (non-homeowner)

$180,222.22

$182,933.33

$2,711.11

ISS ceiling rate $ variation (homeowner)

$642,386.67

$645,097.78

$2,711.11

ISS ceiling rate $ variation (non-homeowner)

$642,386.67

$645,097.78

$2,711.11

Age pension max rate (homeowner)

$177,333.33

$180,044.44

$2,711.11

Age pension max rate (non-homeowner)

$177,333.33

$180,044.44

$2,711.11

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

20/03/2012

01/07/2012

Adjusted Income at which ISS reduces (non-transitional)

Fortnightly

Not a Member of a Couple

$1,203.20

$1,205.20

$2.00

Partnered - combined

$1,626.40

$1,630.40

$4.00

Illness Separated - combined

$2,370.40

$2,374.40

$4.00

Adjusted Income at which ISS reduces (transitional)

Not a Member of a Couple

$1,255.75

$1,257.75

$2.00

Partnered - combined

$1,829.50

$1,833.50

$4.00

Illness Separated - combined

$2,475.50

$2,479.50

$4.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

20/03/2012

01/07/2012

Assets at which ISS reduces (non-transitional)

Homeowner

Limit

Not a Member of a Couple

$538,000.00

$543,750.00

$5,750.00

Partnered - combined

$719,500.00

$727,500.00

$8,000.00

Illness Separated - combined

$967,500.00

$975,500.00

$8,000.00

Non-homeowner

Not a Member of a Couple

$673,000.00

$683,250.00

$10,250.00

Partnered - combined

$854,500.00

$867,000.00

$12,500.00

Illness Separated - combined

$1,102,500.00

$1,115,000.00

$12,500.00

Assets at which ISS reduces (transitional)

Homeowner

Not a Member of a Couple

$481,750.00

$487,500.00

$5,750.00

Partnered - combined

$682,500.00

$690,500.00

$8,000.00

Illness Separated - combined

$855,000.00

$863,000.00

$8,000.00

Non-homeowner

Not a Member of a Couple

$616,750.00

$627,000.00

$10,250.00

Partnered - combined

$817,500.00

$830,000.00

$12,500.00

Illness Separated - combined

$990,000.00

$1,002,500.00

$12,500.00

Old rate

New Rate

Difference

20/03/2012

01/07/2012

Income at which minimum supplement paid (non-transitional)

Fortnightly

Not a Member of a Couple

$1,596.20

$1,598.20

$2.00

Partnered - combined

$2,444.40

$2,448.40

$4.00

Illness Separated - combined

$3,156.40

$3,160.40

$4.00

Income at which minimum supplement paid (transitional)

Not a Member of a Couple

$1,747.00

$1,749.00

$2.00

Partnered - combined

$2,852.00

$2,856.00

$4.00

Illness Separated - combined

$3,458.00

$3,462.00

$4.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

20/03/2012

01/07/2012

Assets at which minimum supplement paid (non-transitional)

Homeowner

Limit

Not a Member of a Couple

$669,000.00

$674,750.00

$5,750.00

Partnered - combined

$992,000.00

$1,000,000.00

$8,000.00

Illness Separated - combined

$1,229,500.00

$1,237,500.00

$8,000.00

Non-homeowner

Not a Member of a Couple

$804,000.00

$814,250.00

$10,250.00

Partnered - combined

$1,127,000.00

$1,139,500.00

$12,500.00

Illness Separated - combined

$1,364,500.00

$1,377,000.00

$12,500.00

Assets at which minimum supplement paid (transitional)

Homeowner

Not a Member of a Couple

$612,750.00

$618,500.00

$5,750.00

Partnered - combined

$955,500.00

$963,500.00

$8,000.00

Illness Separated - combined

$1,117,000.00

$1,125,000.00

$8,000.00

Non-homeowner

Not a Member of a Couple

$747,750.00

$758,000.00

$10,250.00

Partnered - combined

$1,090,500.00

$1,103,000.00

$12,500.00

Illness Separated - combined

$1,252,000.00

$1,264,500.00

$12,500.00

Old rate

New Rate

Difference

20/03/2012

01/07/2012

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

ISS with no Rent Assistance

Fortnightly

Not a Member of a Couple

$895.40

$897.40

$2.00

Partnered - combined

$1,776.40

$1,780.40

$4.00

Illness Separated - combined

$2,520.40

$2,524.40

$4.00

ISS with Maximum Rent Assistance

Not a Member of a Couple

$1,135.80

$1,137.80

$2.00

Partnered - combined

$2,002.80

$2,006.80

$4.00

Illness Separated - combined

$3,001.20

$3,005.20

$4.00

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

ISS with no Rent Assistance

Not a Member of a Couple

$1,062.40

$1,064.40

$2.00

Partnered - combined

$2,208.40

$2,212.40

$4.00

Illness Separated - combined

$2,854.40

$2,858.40

$4.00

Additional amount per dependent child

$61.50

$61.50

$0.00

ISS with Maximum Rent Assistance

Not a Member of a Couple

$1,362.90

$1,364.90

$2.00

Partnered - combined

$2,491.40

$2,495.40

$4.00

Illness Separated - combined

$3,455.40

$3,459.40

$4.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference