Income support asset limits 1 July 2014
|
Old rate |
New Rate |
Difference | |
|
Income support asset limits |
20/03/2014 |
01/07/2014 |
|
|
Assets value limit |
|
|
|
|
Homeowner |
Limit |
| |
|
Single |
$196,750.00 |
$202,000.00 |
$5,250.00 |
|
Partnered (each) including illness separated and respite care |
$139,500.00 |
$143,250.00 |
$3,750.00 |
|
Non-homeowner |
Limit |
| |
|
Single |
$339,250.00 |
$348,500.00 |
$9,250.00 |
|
Partnered (each) including illness separated and respite care |
$210,750.00 |
$216,500.00 |
$5,750.00 |
|
Extra allowable amount |
|
Limit |
|
|
Extra allowable amount |
$142,500.00 |
$146,500.00 |
$4,000.00 |
|
Asset Levels at which SP/AP ceases (non-transitional) |
|
|
|
|
Low Limit |
Limit |
| |
|
Not a Member of a Couple |
$758,750.00 |
$764,000.00 |
$5,250.00 |
|
Partnered - combined |
$1,126,500.00 |
$1,134,000.00 |
$7,500.00 |
|
Illness Separated - combined |
$1,403,000.00 |
$1,410,500.00 |
$7,500.00 |
|
High Limit (without RA) |
Limit |
| |
|
Not a Member of a Couple |
$901,250.00 |
$910,500.00 |
$9,250.00 |
|
Partnered - combined |
$1,269,000.00 |
$1,280,500.00 |
$11,500.00 |
|
Illness Separated - combined |
$1,545,500.00 |
$1,557,000.00 |
$11,500.00 |
|
Asset Levels at which ISS ceases (non-transitional) |
|
|
|
|
Low Limit |
Limit |
| |
|
Not a Member of a Couple |
$749,500.00 |
$754,750.00 |
$5,250.00 |
|
Partnered - combined |
$1,112,500.00 |
$1,120,000.00 |
$7,500.00 |
|
Illness Separated - combined |
$1,384,500.00 |
$1,392,000.00 |
$7,500.00 |
|
High Limit (without RA) |
Limit |
| |
|
Not a Member of a Couple |
$892,000.00 |
$901,250.00 |
$9,250.00 |
|
Partnered - combined |
$1,255,000.00 |
$1,266,500.00 |
$11,500.00 |
|
Illness Separated - combined |
$1,527,000.00 |
$1,538,500.00 |
$11,500.00 |
|
Asset Levels at which SP/AP ceases (transitional) |
|
|
|
|
Low Limit |
Limit |
| |
|
Not a Member of a Couple |
$672,750.00 |
$678,000.00 |
$5,250.00 |
|
Partnered - combined |
$1,046,500.00 |
$1,054,000.00 |
$7,500.00 |
|
Illness Separated - combined |
$1,231,000.00 |
$1,238,500.00 |
$7,500.00 |
|
High Limit (without RA) |
Limit |
| |
|
Not a Member of a Couple |
$815,250.00 |
$824,500.00 |
$9,250.00 |
|
Partnered - combined |
$1,189,000.00 |
$1,200,500.00 |
$11,500.00 |
|
Illness Separated - combined |
$1,373,500.00 |
$1,385,000.00 |
$11,500.00 |
|
Asset Levels at which ISS ceases (transitional) |
|
|
|
|
Low Limit |
Limit |
| |
|
Not a Member of a Couple |
$663,500.00 |
$668,750.00 |
$5,250.00 |
|
Partnered - combined |
$1,032,500.00 |
$1,040,000.00 |
$7,500.00 |
|
Illness Separated - combined |
$1,212,500.00 |
$1,220,000.00 |
$7,500.00 |
|
High Limit (without RA) |
Limit |
| |
|
Not a Member of a Couple |
$806,000.00 |
$815,250.00 |
$9,250.00 |
|
Partnered - combined |
$1,175,000.00 |
$1,186,500.00 |
$11,500.00 |
|
Illness Separated - combined |
$1,355,000.00 |
$1,366,500.00 |
$11,500.00 |
|
Assets at which minimum payment paid (non-transitional) |
|
|
|
|
Homeowner |
Limit |
| |
|
Not a Member of a Couple |
$727,000.00 |
$732,250.00 |
$5,250.00 |
|
Partnered - combined |
$1,078,500.00 |
$1,086,000.00 |
$7,500.00 |
|
Illness Separated - combined |
$1,339,500.00 |
$1,347,000.00 |
$7,500.00 |
|
Non-homeowner |
Limit |
| |
|
Not a Member of a Couple |
$869,500.00 |
$878,750.00 |
$9,250.00 |
|
Partnered - combined |
$1,221,000.00 |
$1,232,500.00 |
$11,500.00 |
|
Illness Separated - combined |
$1,482,000.00 |
$1,493,500.00 |
$11,500.00 |
|
| |||
|
Assets at which minimum payment paid (transitional) |
|
|
|
|
Homeowner |
Limit |
| |
|
Not a Member of a Couple |
$641,000.00 |
$646,250.00 |
$5,250.00 |
|
Partnered - combined |
$999,000.00 |
$1,006,500.00 |
$7,500.00 |
|
Illness Separated - combined |
$1,167,500.00 |
$1,175,000.00 |
$7,500.00 |
|
Non-homeowner |
Limit |
| |
|
Not a Member of a Couple |
$783,500.00 |
$792,750.00 |
$9,250.00 |
|
Partnered - combined |
$1,141,500.00 |
$1,153,000.00 |
$11,500.00 |
|
Illness Separated - combined |
$1,310,000.00 |
$1,321,500.00 |
$11,500.00 |
|
Assets at which ISS reduces (non-transitional) |
|
|
|
|
Homeowner |
Limit |
| |
|
Not a Member of a Couple |
$581,250.00 |
$586,500.00 |
$5,250.00 |
|
Partnered - combined |
$776,000.00 |
$783,500.00 |
$7,500.00 |
|
Illness Separated - combined |
$1,048,000.00 |
$1,055,500.00 |
$7,500.00 |
|
Non-homeowner |
Limit |
| |
|
Not a Member of a Couple |
$723,750.00 |
$733,000.00 |
$9,250.00 |
|
Partnered - combined |
$918,500.00 |
$930,000.00 |
$11,500.00 |
|
Illness Separated - combined |
$1,190,500.00 |
$1,202,000.00 |
$11,500.00 |
|
| |||
|
Assets at which ISS reduces (transitional) |
|
|
|
|
Homeowner |
Limit |
| |
|
Not a Member of a Couple |
$495,250.00 |
$500,500.00 |
$5,250.00 |
|
Partnered - combined |
$696,000.00 |
$703,500.00 |
$7,500.00 |
|
Illness Separated - combined |
$876,000.00 |
$883,500.00 |
$7,500.00 |
|
Non-homeowner |
Limit |
| |
|
Not a Member of a Couple |
$637,750.00 |
$647,000.00 |
$9,250.00 |
|
Partnered - combined |
$838,500.00 |
$850,000.00 |
$11,500.00 |
|
Illness Separated - combined |
$1,018,500.00 |
$1,030,000.00 |
$11,500.00 |
Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/payment-rates/historical-payment-rates/2014-rates/july-2014-rates/income-support-asset-limits-1-july-2014