Income support asset limits 20 September 2014

  Old rate New Rate Difference
Income support asset limits 01/07/2014 20/09/2014  
Assets value limit      
Homeowner   Limit  
Single $202,000.00 $202,000.00 $0.00
Partnered (each) including illness separated and respite care $143,250.00 $143,250.00 $0.00
Non-homeowner   Limit  
Single $348,500.00 $348,500.00 $0.00
Partnered (each) including illness separated and respite care $216,500.00 $216,500.00 $0.00
       
Extra allowable amount   Limit  
Extra allowable amount $146,500.00 $146,500.00 $0.00
       
Asset Levels at which SP/AP ceases (non-transitional)      
Low Limit   Limit  
Not a Member of a Couple $764,000.00 $771,750.00 $7,750.00
Partnered - combined $1,134,000.00 $1,145,500.00 $11,500.00
Illness Separated - combined $1,410,500.00 $1,426,000.00 $15,500.00
High Limit (without RA)   Limit  
Not a Member of a Couple $910,500.00 $918,250.00 $7,750.00
Partnered - combined $1,280,500.00 $1,292,000.00 $11,500.00
Illness Separated - combined $1,557,000.00 $1,572,500.00 $15,500.00
       
Asset Levels at which ISS ceases (non-transitional)      
Low Limit   Limit  
Not a Member of a Couple $754,750.00 $762,250.00 $7,500.00
Partnered - combined $1,120,000.00 $1,131,500.00 $11,500.00
Illness Separated - combined $1,392,000.00 $1,407,000.00 $15,000.00
High Limit (without RA)   Limit  
Not a Member of a Couple $901,250.00 $908,750.00 $7,500.00
Partnered - combined $1,266,500.00 $1,278,000.00 $11,500.00
Illness Separated - combined $1,538,500.00 $1,553,500.00 $15,000.00
       
Asset Levels at which SP/AP ceases (transitional)      
Low Limit   Limit  
Not a Member of a Couple $678,000.00 $682,750.00 $4,750.00
Partnered - combined $1,054,000.00 $1,062,000.00 $8,000.00
Illness Separated - combined $1,238,500.00 $1,248,000.00 $9,500.00
High Limit (without RA)   Limit  
Not a Member of a Couple $824,500.00 $829,250.00 $4,750.00
Partnered - combined $1,200,500.00 $1,208,500.00 $8,000.00
Illness Separated - combined $1,385,000.00 $1,394,500.00 $9,500.00
       
Asset Levels at which ISS ceases (transitional)      
Low Limit   Limit  
Not a Member of a Couple $668,750.00 $673,250.00 $4,500.00
Partnered - combined $1,040,000.00 $1,048,000.00 $8,000.00
Illness Separated - combined $1,220,000.00 $1,229,000.00 $9,000.00
High Limit (without RA)   Limit  
Not a Member of a Couple $815,250.00 $819,750.00 $4,500.00
Partnered - combined $1,186,500.00 $1,194,500.00 $8,000.00
Illness Separated - combined $1,366,500.00 $1,375,500.00 $9,000.00
       
Assets at which minimum payment paid (non-transitional)      
Homeowner   Limit  
Not a Member of a Couple $732,250.00 $739,500.00 $7,250.00
Partnered - combined $1,086,000.00 $1,097,000.00 $11,000.00
Illness Separated - combined $1,347,000.00 $1,361,500.00 $14,500.00
Non-homeowner   Limit  
Not a Member of a Couple $878,750.00 $886,000.00 $7,250.00
Partnered - combined $1,232,500.00 $1,243,500.00 $11,000.00
Illness Separated - combined $1,493,500.00 $1,508,000.00 $14,500.00
       
Assets at which minimum payment paid (transitional)      
Homeowner   Limit  
Not a Member of a Couple $646,250.00 $650,500.00 $4,250.00
Partnered - combined $1,006,500.00 $1,013,500.00 $7,000.00
Illness Separated - combined $1,175,000.00 $1,183,500.00 $8,500.00
Non-homeowner   Limit  
Not a Member of a Couple $792,750.00 $797,000.00 $4,250.00
Partnered - combined $1,153,000.00 $1,160,000.00 $7,000.00
Illness Separated - combined $1,321,500.00 $1,330,000.00 $8,500.00
       
Assets at which ISS reduces (non-transitional)      
Homeowner   Limit  
Not a Member of a Couple $586,500.00 $591,500.00 $5,000.00
Partnered - combined $783,500.00 $790,000.00 $6,500.00
Illness Separated - combined $1,055,500.00 $1,065,500.00 $10,000.00
Non-homeowner   Limit  
Not a Member of a Couple $733,000.00 $738,000.00 $5,000.00
Partnered - combined $930,000.00 $936,500.00 $6,500.00
Illness Separated - combined $1,202,000.00 $1,212,000.00 $10,000.00
       
Assets at which ISS reduces (transitional)      
Homeowner   Limit  
Not a Member of a Couple $500,500.00 $502,750.00 $2,250.00
Partnered - combined $703,500.00 $706,500.00 $3,000.00
Illness Separated - combined $883,500.00 $888,000.00 $4,500.00
Non-homeowner   Limit  
Not a Member of a Couple $647,000.00 $649,250.00 $2,250.00
Partnered - combined $850,000.00 $853,000.00 $3,000.00
Illness Separated - combined $1,030,000.00 $1,034,500.00 $4,500.00

 

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/payment-rates/historical-payment-rates/2014-rates/20-september-2014-rates/income-support-asset-limits-20-september-2014