Other income support thresholds and limits 1 July 2014

Old rate

New Rate

Difference

Other income support thresholds and limits

20/03/2014

01/07/2014

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

Minimum rent for maximum Rent Assistance (RA)

Single, no children

$280.53

$280.53

$0.00

Partnered, no children

$340.80

$340.80

$0.00

Primary production attribution threshold

Limit

Primary production attribution threshold (assets)

$1,109,500.00

$1,139,500.00

$30,000.00

Primary production attribution threshold (annual income)

$48,837.00

$50,151.00

$1,314.00

Exempt funeral investment threshold

Limit

Exempt funeral investment threshold

$11,750.00

$12,000.00

$250.00

Special disability trust asset limit

Limit

Asset value limit

$609,500.00

$626,000.00

$16,500.00

Discretationary spending limit

$10,750.00

$11,000.00

$250.00

Child income limits

Limit

Child 15 or younger (per week)

$194.40

$194.40

$0.00

Child 16 or older (per annum)

$10,655.95

$10,655.95

$0.00

Maintenance income free area

Annual

Amount per person (1 child)

$1,478.25

$1,522.05

$43.80

Amount per additional child

$492.75

$507.35

$14.60

Aged care

For residents entering care before 1 July 2014

Fortnightly

Minimum permissable asset value

$45,000.00

$45,000.00

$0.00

Partially supported resident

$116,136.00

$116,136.00

$0.00

Concessional resident

$45,000.00

$45,000.00

$0.00

Assisted resident

$72,000.00

$72,000.00

$0.00

Standard resident contribution-Threshold amount

$7,043.40

$7,043.40

$0.00

For residents entering care on or after 1 July 2014

Annual

Minimum Accommodation Payment Asset Value

n/a

$45,000.00

n/a

Maximum Accommodation Payment Asset Value

n/a

$154,179.20

n/a