Service Pension Income & Assets Limit

LIMITS EFFECTIVE PAYDAY 30 September 2004  
(Date of Effect 20/09/2004)    
     

Ordinary/Adjusted Income Free Area

   
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

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 $373.75
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
     

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

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/payment-rates/historical-payment-rates/pre-2011/vea-rates-history/2004/september-2004/service-pension-income-assets-limit