Income and Assets Limits, Thresholds & Income Free Areas

Service Pension (SP), Income Support Supplement (ISS) and Age Pension (AP)

01/07/2011

20/09/2011

Aged care

Standard pensioner contribution

Fortnightly

Standard pensioner contribution - general

$563.50

$578.76

$15.26

Standard pensioner contribution - phased

$536.62

$558.04

$21.42

Standard pensioner contribution - protected resident

$514.36

$528.22

$13.86

Standard pensioner contribution - certain pre 2008 reform residents

$640.64

$657.86

$17.22

Income and Asset limits

Annual

Minimum permissable asset value

$39,000.00

$40,500.00

$1,500.00

Partially supported resident

$102,544.00

$107,850.40

$5,306.40

Concessional resident

$39,000.00

$40,500.00

$1,500.00

Assisted resident

$63,000.00

$64,500.00

$1,500.00

Threshold amount

$6,175.00

$6,341.40

$166.40

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

$186,750.00

$186,750.00

$0.00

Partnered (each) including illness separated and respite care

$132,500.00

$132,500.00

$0.00

Non-homeowner

Single

$321,750.00

$321,750.00

$0.00

Partnered (each) including illness separated and respite care

$200,000.00

$200,000.00

$0.00

Old rate

New Rate

Difference

01/07/2011

20/09/2011

Asset Levels at which SP ceases (non-transitional)

Low Limit

Limit

Not a Member of a Couple

$673,000.00

$686,000.00

$13,000.00

Partnered - combined

$998,000.00

$1,018,000.00

$20,000.00

Illness Separated - combined

$1,237,500.00

$1,263,500.00

$26,000.00

High Limit (without RA)

Not a Member of a Couple

$808,000.00

$821,000.00

$13,000.00

Partnered - combined

$1,133,000.00

$1,153,000.00

$20,000.00

Illness Separated - combined

$1,372,500.00

$1,398,500.00

$26,000.00

Asset Levels at which SP ceases (transitional)

Low Limit

Not a Member of a Couple

$620,750.00

$631,750.00

$11,000.00

Partnered - combined

$966,000.00

$983,500.00

$17,500.00

Illness Separated - combined

$1,133,000.00

$1,155,000.00

$22,000.00

High Limit (without RA)

Not a Member of a Couple

$755,750.00

$766,750.00

$11,000.00

Partnered - combined

$1,101,000.00

$1,118,500.00

$17,500.00

Illness Separated - combined

$1,268,000.00

$1,290,000.00

$22,000.00

Special disability trust asset limit

Limit

Asset value limit

$578,500.00

$578,500.00

$0.00

Old rate

New Rate

Difference

01/07/2011

20/09/2011

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

SP with no Rent Assistance

Fortnightly

Not a Member of a Couple

$1,608.60

$1,647.60

$39.00

Partnered - combined

$2,462.80

$2,522.00

$59.20

Illness Separated - combined

$3,181.20

$3,259.20

$78.00

SP with Maximum Rent Assistance

Not a Member of a Couple

$1,841.40

$1,886.40

$45.00

Partnered - combined

$2,682.40

$2,747.20

$64.80

Illness Separated - combined

$3,646.80

$3,736.80

$90.00

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

SP with no Rent Assistance

Not a Member of a Couple

$1,777.25

$1,818.00

$40.75

Partnered - combined

$2,892.50

$2,958.00

$65.50

Illness Separated - combined

$3,518.50

$3,600.00

$81.50

Additional amount per dependent child

$24.60

$24.60

$0.00

SP with Maximum Rent Assistance

Not a Member of a Couple

$2,068.25

$2,116.50

$48.25

Partnered - combined

$3,167.00

$3,239.50

$72.50

Illness Separated - combined

$4,100.50

$4,197.00

$96.50

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

01/07/2011

20/09/2011

Income and assets reduction limit

Fortnightly

Single

$109.40

$112.10

$2.70

Partnered (each), including illness separated and respite care

$94.10

$96.50

$2.40

Income free area

Fortnightly

Single

$150.00

$150.00

$0.00

Partnered (combined), including illness separated and respite care

$264.00

$264.00

$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)

$1,401.60

$1,401.60

$0.00

Amount per additional child

$467.20

$467.20

$0.00

Old rate

New Rate

Difference

01/07/2011

20/09/2011

Deeming thresholds

Limit

Single

$44,600.00

$44,600.00

$0.00

Partnered (combined), including illness separated and respite care

$74,400.00

$74,400.00

$0.00

Exempt funeral investment threshold

Limit

Exempt funeral investment threshold

$11,250.00

$11,250.00

$0.00

Primary production attribution threshold

Limit

Primary production attribution threshold (assets)

$1,052,750.00

$1,052,750.00

$0.00

Primary production attribution threshold (income)

$46,355.00

$46,355.00

$0.00

SHA assessable amount

Fortnightly

Single non-transitional service pension

$610.90

$629.00

$18.10

Partnered non-transitional service pension

$505.70

$519.40

$13.70

Single transitional service pension

$577.30

$592.20

$14.90

Partnered transitional service pension

$481.70

$493.70

$12.00

War widow pension

$652.00

$671.30

$19.30

Single income support supplement

$189.40

$194.60

$5.20

Partnered income support supplement

$197.10

$202.50

$5.40

Old rate

New Rate

Difference

01/07/2011

20/09/2011

Minimum rent for maximum Rent Assistance (RA)

Single

Fortnightly

No children

$258.80

$265.40

$6.60

1-2 children

$318.73

$326.57

$7.84

3 or more children

$342.44

$351.03

$8.59

Partnered

No children

$315.00

$322.93

$7.93

1-2 children

$384.11

$393.63

$9.52

3 or more children

$407.82

$418.09

$10.27

Old rate

New Rate

Difference

01/07/2011

20/09/2011

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

Fortnightly

Not a Member of a Couple

$368.80

$374.20

$5.40

Partnered - each

$320.20

$325.00

$4.80

Partnered - combined

$640.40

$650.00

$9.60

Income limit for Gold Card with SP (transitional)

Not a Member of a Couple

No Children

$423.50

$430.25

$6.75

1 Child

$448.10

$454.85

$6.75

2 Children

$472.70

$479.45

$6.75

3 Children

$497.30

$504.05

$6.75

4 Children

$521.90

$528.65

$6.75

5 Children

$546.50

$553.25

$6.75

6 Children

$571.10

$577.85

$6.75

7 Children

$595.70

$602.45

$6.75

8 Children

$620.30

$627.05

$6.75

9 Children

$644.90

$651.65

$6.75

10 Children

$669.50

$676.25

$6.75

Additional per child

$24.60

$24.60

$0.00

Partnered - each

No Children

$367.25

$373.25

$6.00

Partnered - combined

No Children

$734.50

$746.50

$12.00

1 Child

$759.10

$771.10

$12.00

2 Children

$783.70

$795.70

$12.00

3 Children

$808.30

$820.30

$12.00

4 Children

$832.90

$844.90

$12.00

5 Children

$857.50

$869.50

$12.00

6 Children

$882.10

$894.10

$12.00

7 Children

$906.70

$918.70

$12.00

8 Children

$931.30

$943.30

$12.00

9 Children

$955.90

$967.90

$12.00

10 Children

$980.50

$992.50

$12.00

Additional per child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

01/07/2011

20/09/2011

Asset limit for Gold Card with SP

Low Limit

Limit

Not a Member of a Couple

$259,750.00

$261,500.00

$1,750.00

Partnered - combined

$390,500.00

$394,000.00

$3,500.00

High Limit

Not a Member of a Couple

$394,750.00

$396,500.00

$1,750.00

Partnered - combined

$525,500.00

$529,000.00

$3,500.00

Old rate

New Rate

Difference

01/07/2011

20/09/2011

Financial asset notification limits (non-transitional)

Single

Limit

Service pension max rate $ variation (homeowner)

$102,688.89

$102,688.89

$0.00

Service pension max rate $ variation (non-homeowner)

$102,688.89

$102,688.89

$0.00

ISS ceiling rate $ variation (homeowner)

$263,484.44

$267,528.89

$4,044.44

ISS ceiling rate $ variation (non-homeowner)

$263,484.44

$267,528.89

$4,044.44

Age pension max rate (homeowner)

$101,533.33

$101,533.33

$0.00

Age pension max rate (non-homeowner)

$101,533.33

$101,533.33

$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)

$179,644.44

$179,644.44

$0.00

Service pension max rate $ variation (non-homeowner)

$179,644.44

$179,644.44

$0.00

ISS ceiling rate $ variation (homeowner)

$512,964.44

$521,746.67

$8,782.22

ISS ceiling rate $ variation (non-homeowner)

$512,964.44

$521,746.67

$8,782.22

Age pension max rate (homeowner)

$177,333.33

$177,333.33

$0.00

Age pension max rate (non-homeowner)

$177,333.33

$177,333.33

$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)

$102,977.78

$102,977.78

$0.00

Service pension max rate $ variation (non-homeowner)

$102,977.78

$102,977.78

$0.00

ISS ceiling rate $ variation (homeowner)

$297,428.89

$300,751.11

$3,322.22

ISS ceiling rate $ variation (non-homeowner)

$297,428.89

$300,751.11

$3,322.22

Age pension max rate (homeowner)

$101,533.33

$101,533.33

$0.00

Age pension max rate (non-homeowner)

$101,533.33

$101,533.33

$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)

$180,222.22

$180,222.22

$0.00

Service pension max rate $ variation (non-homeowner)

$180,222.22

$180,222.22

$0.00

ISS ceiling rate $ variation (homeowner)

$634,240.00

$643,195.56

$8,955.56

ISS ceiling rate $ variation (non-homeowner)

$634,240.00

$643,195.56

$8,955.56

Age pension max rate (homeowner)

$177,333.33

$177,333.33

$0.00

Age pension max rate (non-homeowner)

$177,333.33

$177,333.33

$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

01/07/2011

20/09/2011

Adjusted Income at which ISS reduces (non-transitional)

Fortnightly

Not a Member of a Couple

$1,167.00

$1,194.00

$27.00

Partnered - combined

$1,579.60

$1,614.80

$35.20

Illness Separated - combined

$2,298.00

$2,352.00

$54.00

Adjusted Income at which ISS reduces (transitional)

Not a Member of a Couple

$1,225.25

$1,251.00

$25.75

Partnered - combined

$1,788.50

$1,824.00

$35.50

Illness Separated - combined

$2,414.50

$2,466.00

$51.50

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

01/07/2011

20/09/2011

Assets at which ISS reduces (non-transitional)

Homeowner

Limit

Not a Member of a Couple

$525,750.00

$534,750.00

$9,000.00

Partnered - combined

$704,000.00

$715,500.00

$11,500.00

Illness Separated - combined

$943,000.00

$961,000.00

$18,000.00

Non-homeowner

Not a Member of a Couple

$660,750.00

$669,750.00

$9,000.00

Partnered - combined

$839,000.00

$850,500.00

$11,500.00

Illness Separated - combined

$1,078,000.00

$1,096,000.00

$18,000.00

Assets at which ISS reduces (transitional)

Homeowner

Not a Member of a Couple

$473,500.00

$480,500.00

$7,000.00

Partnered - combined

$672,000.00

$681,000.00

$9,000.00

Illness Separated - combined

$838,500.00

$852,500.00

$14,000.00

Non-homeowner

Not a Member of a Couple

$608,500.00

$615,500.00

$7,000.00

Partnered - combined

$807,000.00

$816,000.00

$9,000.00

Illness Separated - combined

$973,500.00

$987,500.00

$14,000.00

Old rate

New Rate

Difference

01/07/2011

20/09/2011

Income at which minimum supplement paid (non-transitional)

Fortnightly

Not a Member of a Couple

$1,545.80

$1,583.20

$37.40

Partnered - combined

$2,368.00

$2,424.80

$56.80

Illness Separated - combined

$3,055.60

$3,130.40

$74.80

Income at which minimum supplement paid (transitional)

Not a Member of a Couple

$1,698.75

$1,737.50

$38.75

Partnered - combined

$2,774.00

$2,836.50

$62.50

Illness Separated - combined

$3,361.50

$3,439.00

$77.50

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

01/07/2011

20/09/2011

Assets at which minimum supplement paid (non-transitional)

Homeowner

Limit

Not a Member of a Couple

$652,250.00

$664,500.00

$12,250.00

Partnered - combined

$966,500.00

$985,500.00

$19,000.00

Illness Separated - combined

$1,196,000.00

$1,220,500.00

$24,500.00

Non-homeowner

Not a Member of a Couple

$787,250.00

$799,500.00

$12,250.00

Partnered - combined

$1,101,500.00

$1,120,500.00

$19,000.00

Illness Separated - combined

$1,331,000.00

$1,355,500.00

$24,500.00

Assets at which minimum supplement paid (transitional)

Homeowner

Not a Member of a Couple

$599,750.00

$610,250.00

$10,500.00

Partnered - combined

$934,500.00

$951,000.00

$16,500.00

Illness Separated - combined

$1,091,000.00

$1,112,000.00

$21,000.00

Non-homeowner

Not a Member of a Couple

$734,750.00

$745,250.00

$10,500.00

Partnered - combined

$1,069,500.00

$1,086,000.00

$16,500.00

Illness Separated - combined

$1,226,000.00

$1,247,000.00

$21,000.00

Old rate

New Rate

Difference

01/07/2011

20/09/2011

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

ISS with no Rent Assistance

Fortnightly

Not a Member of a Couple

$869.90

$888.90

$19.00

Partnered - combined

$1,724.10

$1,763.30

$39.20

Illness Separated - combined

$2,442.50

$2,500.50

$58.00

ISS with Maximum Rent Assistance

Not a Member of a Couple

$1,102.70

$1,127.70

$25.00

Partnered - combined

$1,943.70

$1,988.50

$44.80

Illness Separated - combined

$2,908.10

$2,978.10

$70.00

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

ISS with no Rent Assistance

Not a Member of a Couple

$1,038.55

$1,059.30

$20.75

Partnered - combined

$2,153.80

$2,199.30

$45.50

Illness Separated - combined

$2,779.80

$2,841.30

$61.50

Additional amount per dependent child

$61.50

$61.50

$0.00

ISS with Maximum Rent Assistance

Not a Member of a Couple

$1,329.55

$1,357.80

$28.25

Partnered - combined

$2,428.30

$2,480.80

$52.50

Illness Separated - combined

$3,361.80

$3,438.30

$76.50

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference