Service Pension Income and Assets Limits
Limits effective payday 7 July 2005 - date of effect 1 July 2005 unless otherwise specified.
Ordinary/adjusted income free area
Effective 1 July 2005
Income per fortnight |
|
Not a member of a couple |
$124.00 |
Partnered – combined |
$220.00 |
Illness separated – combined |
$220.00 |
Additional free area for children
Effective 1 July 2005
Income per fortnight |
|
Each Dependent Child |
$24.60 |
Income at which SP ceases
*Basic Pension |
#Max. RA |
|
Not a member of a couple |
$1,329.25 |
$1,574.25 |
Partnered – combined |
$2,223.00 |
$2,454.00 |
Illness separated – combined |
$2,630.50 |
$3,120.50 |
Ceiling rate – veteran widows |
$1,314.75 |
$1,559.75 |
Ceiling rate – partnered |
$2,208.50 |
$2,439.50 |
*These increase with dependent children and/or rent
#These increase with dependent children
Adjusted income before ISS reduces
Income per fortnight |
|
Not a member of a couple |
$960.75 |
Partnered – combined |
$1,500.50 |
Adjusted income at which ISS/DSS age pension ceases
Adjusted income is ordinary income plus all war widow's pension and foreign DP
Income per fortnight |
|
^Not a member of a couple |
$1,314.75 |
^Partnered – combined |
$2,208.50 |
^Cut-off rates are lower because PA is excluded when paid with DP and WWP
Income at which DVA treatment ceases (SP cases)
For each additional child add $74.85
Partnered (combined) |
Non-Partnered |
|
No children |
$616.00 |
$353.75 |
1 child |
$690.85 |
$428.60 |
2 children |
$765.70 |
$503.45 |
Seniors health card taxable income limit
Effective 1 July 2001
Annual taxable income limit.
##Income |
|
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
Effective 1 July 2004
Low limit |
High limit |
|
Not a member of a couple |
$157,000 |
$270,500 |
Partnered – combined |
$223,000 |
$336,500 |
Illness separated – combined |
$223,000 |
$336,500 |
Assets at which SP ceases
No RA in payment
Low limit |
High limit |
|
Not a member of a couple |
$317,750 |
$431,250 |
Partnered – combined |
$490,500 |
$604,000 |
Illness separated – combined |
$544,500 |
$658,000 |
Assets before ISS reduces
No RA in payment
Low limit |
High limit |
|
Not a member of a couple |
$268,500 |
$382,000 |
Partnered – combined |
$393,500 |
$507,000 |
Assets at which ISS/DSS age pension ceases
Rates quoted exclude PA
Low limit |
High limit |
|
Not a member of a couple |
$316,000 |
$429,500 |
Partnered – combined |
$488,500 |
$602,000 |
Assets at which DVA treatment SP ceases
Low limit |
High limit |
|
Not a member of a couple |
$187,750 |
$301,250 |
1 child |
$194,500 |
$308,000 |
2 children |
$201,250 |
$314,750 |
3 children |
$207,750 |
$321,250 |
Partnered – combined |
$276,000 |
$389,500 |
1 child |
$282,500 |
$396,000 |
2 children |
$289,250 |
$402,750 |
3 children |
$296,000 |
$409,500 |
Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/payment-rates/historical-payment-rates/pre-2011/vea-rates-history/2005/july-2005/service-pension-income-and-assets-limits