Income support asset limits 20 March 2015

  Old rate New Rate Difference
Income support asset limits 01/01/2015 20/03/2015  
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 $771,750.00 $775,500.00 $3,750.00
Partnered - combined $1,145,500.00 $1,151,500.00 $6,000.00
Illness Separated - combined $1,426,000.00 $1,433,500.00 $7,500.00
High Limit (without RA)   Limit  
Not a Member of a Couple $918,250.00 $922,000.00 $3,750.00
Partnered - combined $1,292,000.00 $1,298,000.00 $6,000.00
Illness Separated - combined $1,572,500.00 $1,580,000.00 $7,500.00
       
Asset Levels at which ISS ceases (non-transitional)      
Low Limit   Limit  
Not a Member of a Couple $762,250.00 $766,250.00 $4,000.00
Partnered - combined $1,131,500.00 $1,137,000.00 $5,500.00
Illness Separated - combined $1,407,000.00 $1,415,000.00 $8,000.00
High Limit (without RA)   Limit  
Not a Member of a Couple $908,750.00 $912,750.00 $4,000.00
Partnered - combined $1,278,000.00 $1,283,500.00 $5,500.00
Illness Separated - combined $1,553,500.00 $1,561,500.00 $8,000.00
       
Asset Levels at which SP/AP ceases (transitional)      
Low Limit   Limit  
Not a Member of a Couple $682,750.00 $686,000.00 $3,250.00
Partnered - combined $1,062,000.00 $1,067,500.00 $5,500.00
Illness Separated - combined $1,248,000.00 $1,254,500.00 $6,500.00
High Limit (without RA)   Limit  
Not a Member of a Couple $829,250.00 $832,500.00 $3,250.00
Partnered - combined $1,208,500.00 $1,214,000.00 $5,500.00
Illness Separated - combined $1,394,500.00 $1,401,000.00 $6,500.00
       
Asset Levels at which ISS ceases (transitional)      
Low Limit   Limit  
Not a Member of a Couple $673,250.00 $676,500.00 $3,250.00
Partnered - combined $1,048,000.00 $1,053,000.00 $5,000.00
Illness Separated - combined $1,229,000.00 $1,235,500.00 $6,500.00
High Limit (without RA)   Limit  
Not a Member of a Couple $819,750.00 $823,000.00 $3,250.00
Partnered - combined $1,194,500.00 $1,199,500.00 $5,000.00
Illness Separated - combined $1,375,500.00 $1,382,000.00 $6,500.00
       
Assets at which minimum payment paid (non-transitional)      
Homeowner   Limit  
Not a Member of a Couple $739,500.00 $743,250.00 $3,750.00
Partnered - combined $1,097,000.00 $1,102,500.00 $5,500.00
Illness Separated - combined $1,361,500.00 $1,369,000.00 $7,500.00
Non-homeowner   Limit  
Not a Member of a Couple $886,000.00 $889,750.00 $3,750.00
Partnered - combined $1,243,500.00 $1,249,000.00 $5,500.00
Illness Separated - combined $1,508,000.00 $1,515,500.00 $7,500.00
       
Assets at which minimum payment paid (transitional)      
Homeowner   Limit  
Not a Member of a Couple $650,500.00 $653,750.00 $3,250.00
Partnered - combined $1,013,500.00 $1,018,500.00 $5,000.00
Illness Separated - combined $1,183,500.00 $1,190,000.00 $6,500.00
Non-homeowner   Limit  
Not a Member of a Couple $797,000.00 $800,250.00 $3,250.00
Partnered - combined $1,160,000.00 $1,165,000.00 $5,000.00
Illness Separated - combined $1,330,000.00 $1,336,500.00 $6,500.00
       
Assets at which ISS reduces (non-transitional)      
Homeowner   Limit  
Not a Member of a Couple $591,500.00 $594,250.00 $2,750.00
Partnered - combined $790,000.00 $793,500.00 $3,500.00
Illness Separated - combined $1,065,500.00 $1,071,000.00 $5,500.00
Non-homeowner   Limit  
Not a Member of a Couple $738,000.00 $740,750.00 $2,750.00
Partnered - combined $936,500.00 $940,000.00 $3,500.00
Illness Separated - combined $1,212,000.00 $1,217,500.00 $5,500.00
       
Assets at which ISS reduces (transitional)      
Homeowner   Limit  
Not a Member of a Couple $502,750.00 $504,750.00 $2,000.00
Partnered - combined $706,500.00 $709,500.00 $3,000.00
Illness Separated - combined $888,000.00 $892,000.00 $4,000.00
Non-homeowner   Limit  
Not a Member of a Couple $649,250.00 $651,250.00 $2,000.00
Partnered - combined $853,000.00 $856,000.00 $3,000.00
Illness Separated - combined $1,034,500.00 $1,038,500.00 $4,000.00

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/payment-rates/current-payment-rates/20-march-2015/income-support-asset-limits-20-march-2015