Income and Assets Limits, Thresholds & Income Free Areas

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

20/09/2011

01/01/2012

Aged care

Standard pensioner contribution

Fortnightly

Standard pensioner contribution - general

$578.76

$578.76

$0.00

Standard pensioner contribution - phased

$558.04

$558.04

$0.00

Standard pensioner contribution - protected resident

$528.22

$528.22

$0.00

Standard pensioner contribution - certain pre 2008 reform residents

$657.86

$657.86

$0.00

Income and Asset limits

Annual

Minimum permissable asset value

$40,500.00

$40,500.00

$0.00

Partially supported resident

$107,850.40

$107,850.40

$0.00

Concessional resident

$40,500.00

$40,500.00

$0.00

Assisted resident

$64,500.00

$64,500.00

$0.00

Threshold amount

$6,341.40

$6,341.40

$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)

$181.10

$187.60

$6.50

Child 16 or older (per annum)

$9,925.50

$10,282.80

$357.30

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

20/09/2011

01/07/2011

Asset Levels at which SP ceases (non-transitional)

Low Limit

Limit

Not a Member of a Couple

$686,000.00

$686,000.00

$0.00

Partnered - combined

$1,018,000.00

$1,018,000.00

$0.00

Illness Separated - combined

$1,263,500.00

$1,263,500.00

$0.00

High Limit (without RA)

Not a Member of a Couple

$821,000.00

$821,000.00

$0.00

Partnered - combined

$1,153,000.00

$1,153,000.00

$0.00

Illness Separated - combined

$1,398,500.00

$1,398,500.00

$0.00

Asset Levels at which SP ceases (transitional)

Low Limit

Not a Member of a Couple

$631,750.00

$631,750.00

$0.00

Partnered - combined

$983,500.00

$983,500.00

$0.00

Illness Separated - combined

$1,155,000.00

$1,155,000.00

$0.00

High Limit (without RA)

Not a Member of a Couple

$766,750.00

$766,750.00

$0.00

Partnered - combined

$1,118,500.00

$1,118,500.00

$0.00

Illness Separated - combined

$1,290,000.00

$1,290,000.00

$0.00

Special disability trust asset limit

Limit

Asset value limit

$578,500.00

$578,500.00

$0.00

Old rate

New Rate

Difference

20/09/2011

01/01/2012

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

SP with no Rent Assistance

Fortnightly

Not a Member of a Couple

$1,647.60

$1,647.60

$0.00

Partnered - combined

$2,522.00

$2,522.00

$0.00

Illness Separated - combined

$3,259.20

$3,259.20

$0.00

SP with Maximum Rent Assistance

Not a Member of a Couple

$1,886.40

$1,886.40

$0.00

Partnered - combined

$2,747.20

$2,747.20

$0.00

Illness Separated - combined

$3,736.80

$3,736.80

$0.00

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

SP with no Rent Assistance

Not a Member of a Couple

$1,818.00

$1,818.00

$0.00

Partnered - combined

$2,958.00

$2,958.00

$0.00

Illness Separated - combined

$3,600.00

$3,600.00

$0.00

Additional amount per dependent child

$24.60

$24.60

$0.00

SP with Maximum Rent Assistance

Not a Member of a Couple

$2,116.50

$2,116.50

$0.00

Partnered - combined

$3,239.50

$3,239.50

$0.00

Illness Separated - combined

$4,197.00

$4,197.00

$0.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

20/09/2011

01/01/2012

Income and assets reduction limit

Fortnightly

Single

$112.10

$112.10

$0.00

Partnered (each), including illness separated and respite care

$96.50

$96.50

$0.00

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

20/03/2011

01/07/2011

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

$629.00

$629.00

$0.00

Partnered non-transitional service pension

$519.40

$519.40

$0.00

Single transitional service pension

$592.20

$592.20

$0.00

Partnered transitional service pension

$493.70

$493.70

$0.00

War widow pension

$671.30

$671.30

$0.00

Single income support supplement

$194.60

$194.60

$0.00

Partnered income support supplement

$202.50

$202.50

$0.00

Old rate

New Rate

Difference

20/09/2011

01/01/2012

Minimum rent for maximum Rent Assistance (RA)

Single

Fortnightly

No children

$265.40

$265.40

$0.00

1-2 children

$326.57

$326.57

$0.00

3 or more children

$351.03

$351.03

$0.00

Partnered

No children

$322.93

$322.93

$0.00

1-2 children

$393.63

$393.63

$0.00

3 or more children

$418.09

$418.09

$0.00

Old rate

New Rate

Difference

20/09/2011

01/01/2012

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

Fortnightly

Not a Member of a Couple

$374.20

$374.20

$0.00

Partnered - each

$325.00

$325.00

$0.00

Partnered - combined

$650.00

$650.00

$0.00

Income limit for Gold Card with SP (transitional)

Not a Member of a Couple

No Children

$430.25

$430.25

$0.00

1 Child

$454.85

$454.85

$0.00

2 Children

$479.45

$479.45

$0.00

3 Children

$504.05

$504.05

$0.00

4 Children

$528.65

$528.65

$0.00

5 Children

$553.25

$553.25

$0.00

6 Children

$577.85

$577.85

$0.00

7 Children

$602.45

$602.45

$0.00

8 Children

$627.05

$627.05

$0.00

9 Children

$651.65

$651.65

$0.00

10 Children

$676.25

$676.25

$0.00

Additional per child

$24.60

$24.60

$0.00

Partnered - each

No Children

$373.25

$373.25

$0.00

Partnered - combined

No Children

$746.50

$746.50

$0.00

1 Child

$771.10

$771.10

$0.00

2 Children

$795.70

$795.70

$0.00

3 Children

$820.30

$820.30

$0.00

4 Children

$844.90

$844.90

$0.00

5 Children

$869.50

$869.50

$0.00

6 Children

$894.10

$894.10

$0.00

7 Children

$918.70

$918.70

$0.00

8 Children

$943.30

$943.30

$0.00

9 Children

$967.90

$967.90

$0.00

10 Children

$992.50

$992.50

$0.00

Additional per child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

20/09/2011

01/01/2012

Asset limit for Gold Card with SP

Low Limit

Limit

Not a Member of a Couple

$261,500.00

$261,500.00

$0.00

Partnered - combined

$394,000.00

$394,000.00

$0.00

High Limit

Not a Member of a Couple

$396,500.00

$396,500.00

$0.00

Partnered - combined

$529,000.00

$529,000.00

$0.00

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

$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)

$267,528.89

$267,528.89

$0.00

ISS ceiling rate $ variation (non-homeowner)

$267,528.89

$267,528.89

$0.00

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)

$521,746.67

$521,746.67

$0.00

ISS ceiling rate $ variation (non-homeowner)

$521,746.67

$521,746.67

$0.00

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)

$300,751.11

$300,751.11

$0.00

ISS ceiling rate $ variation (non-homeowner)

$300,751.11

$300,751.11

$0.00

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)

$643,195.56

$643,195.56

$0.00

ISS ceiling rate $ variation (non-homeowner)

$643,195.56

$643,195.56

$0.00

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

20/09/2011

01/01/2012

Adjusted Income at which ISS reduces (non-transitional)

Fortnightly

Not a Member of a Couple

$1,194.00

$1,194.00

$0.00

Partnered - combined

$1,614.80

$1,614.80

$0.00

Illness Separated - combined

$2,352.00

$2,352.00

$0.00

Adjusted Income at which ISS reduces (transitional)

Not a Member of a Couple

$1,251.00

$1,251.00

$0.00

Partnered - combined

$1,824.00

$1,824.00

$0.00

Illness Separated - combined

$2,466.00

$2,466.00

$0.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

20/09/2011

01/01/2012

Assets at which ISS reduces (non-transitional)

Homeowner

Limit

Not a Member of a Couple

$534,750.00

$534,750.00

$0.00

Partnered - combined

$715,500.00

$715,500.00

$0.00

Illness Separated - combined

$961,000.00

$961,000.00

$0.00

Non-homeowner

Not a Member of a Couple

$669,750.00

$669,750.00

$0.00

Partnered - combined

$850,500.00

$850,500.00

$0.00

Illness Separated - combined

$1,096,000.00

$1,096,000.00

$0.00

Assets at which ISS reduces (transitional)

Homeowner

Not a Member of a Couple

$480,500.00

$480,500.00

$0.00

Partnered - combined

$681,000.00

$681,000.00

$0.00

Illness Separated - combined

$852,500.00

$852,500.00

$0.00

Non-homeowner

Not a Member of a Couple

$615,500.00

$615,500.00

$0.00

Partnered - combined

$816,000.00

$816,000.00

$0.00

Illness Separated - combined

$987,500.00

$987,500.00

$0.00

Old rate

New Rate

Difference

20/09/2011

01/01/2012

Income at which minimum supplement paid (non-transitional)

Fortnightly

Not a Member of a Couple

$1,583.20

$1,583.20

$0.00

Partnered - combined

$2,424.80

$2,424.80

$0.00

Illness Separated - combined

$3,130.40

$3,130.40

$0.00

Income at which minimum supplement paid (transitional)

Not a Member of a Couple

$1,737.50

$1,737.50

$0.00

Partnered - combined

$2,836.50

$2,836.50

$0.00

Illness Separated - combined

$3,439.00

$3,439.00

$0.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference

20/09/2011

01/01/2012

Assets at which minimum supplement paid (non-transitional)

Homeowner

Limit

Not a Member of a Couple

$664,500.00

$664,500.00

$0.00

Partnered - combined

$985,500.00

$985,500.00

$0.00

Illness Separated - combined

$1,220,500.00

$1,220,500.00

$0.00

Non-homeowner

Not a Member of a Couple

$799,500.00

$799,500.00

$0.00

Partnered - combined

$1,120,500.00

$1,120,500.00

$0.00

Illness Separated - combined

$1,355,500.00

$1,355,500.00

$0.00

Assets at which minimum supplement paid (transitional)

Homeowner

Not a Member of a Couple

$610,250.00

$610,250.00

$0.00

Partnered - combined

$951,000.00

$951,000.00

$0.00

Illness Separated - combined

$1,112,000.00

$1,112,000.00

$0.00

Non-homeowner

Not a Member of a Couple

$745,250.00

$745,250.00

$0.00

Partnered - combined

$1,086,000.00

$1,086,000.00

$0.00

Illness Separated - combined

$1,247,000.00

$1,247,000.00

$0.00

Old rate

New Rate

Difference

20/09/2011

01/01/2012

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

ISS with no Rent Assistance

Fortnightly

Not a Member of a Couple

$888.90

$888.90

$0.00

Partnered - combined

$1,763.30

$1,763.30

$0.00

Illness Separated - combined

$2,500.50

$2,500.50

$0.00

ISS with Maximum Rent Assistance

Not a Member of a Couple

$1,127.70

$1,127.70

$0.00

Partnered - combined

$1,988.50

$1,988.50

$0.00

Illness Separated - combined

$2,978.10

$2,978.10

$0.00

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

ISS with no Rent Assistance

Not a Member of a Couple

$1,059.30

$1,059.30

$0.00

Partnered - combined

$2,199.30

$2,199.30

$0.00

Illness Separated - combined

$2,841.30

$2,841.30

$0.00

Additional amount per dependent child

$61.50

$61.50

$0.00

ISS with Maximum Rent Assistance

Not a Member of a Couple

$1,357.80

$1,357.80

$0.00

Partnered - combined

$2,480.80

$2,480.80

$0.00

Illness Separated - combined

$3,438.30

$3,438.30

$0.00

Additional amount per dependent child

$24.60

$24.60

$0.00

Old rate

New Rate

Difference