Income support asset limits 1 July 2015
Old rate | New Rate | Difference | |
Income support asset limits | 20/03/2015 | 01/07/2015 | |
Assets value limit | |||
Homeowner | Limit | ||
Single | $202,000.00 | $205,500.00 | $3,500.00 |
Partnered (each) including illness separated and respite care | $143,250.00 | $145,750.00 | $2,500.00 |
Non-homeowner | Limit | ||
Single | $348,500.00 | $354,500.00 | $6,000.00 |
Partnered (each) including illness separated and respite care | $216,500.00 | $220,250.00 | $3,750.00 |
Extra allowable amount | Limit | ||
Extra allowable amount | $146,500.00 | $149,000.00 | $2,500.00 |
Asset Levels at which SP/AP ceases (non-transitional) | |||
Low Limit | Limit | ||
Not a Member of a Couple | $775,500.00 | $779,000.00 | $3,500.00 |
Partnered - combined | $1,151,500.00 | $1,156,500.00 | $5,000.00 |
Illness Separated - combined | $1,433,500.00 | $1,438,500.00 | $5,000.00 |
High Limit (without RA) | Limit | ||
Not a Member of a Couple | $922,000.00 | $928,000.00 | $6,000.00 |
Partnered - combined | $1,298,000.00 | $1,305,500.00 | $7,500.00 |
Illness Separated - combined | $1,580,000.00 | $1,587,500.00 | $7,500.00 |
Asset Levels at which ISS ceases (non-transitional) | |||
Low Limit | Limit | ||
Not a Member of a Couple | $766,250.00 | $769,750.00 | $3,500.00 |
Partnered - combined | $1,137,000.00 | $1,142,000.00 | $5,000.00 |
Illness Separated - combined | $1,415,000.00 | $1,420,000.00 | $5,000.00 |
High Limit (without RA) | Limit | ||
Not a Member of a Couple | $912,750.00 | $918,750.00 | $6,000.00 |
Partnered - combined | $1,283,500.00 | $1,291,000.00 | $7,500.00 |
Illness Separated - combined | $1,561,500.00 | $1,569,000.00 | $7,500.00 |
Asset Levels at which SP/AP ceases (transitional) | |||
Low Limit | Limit | ||
Not a Member of a Couple | $686,000.00 | $689,500.00 | $3,500.00 |
Partnered - combined | $1,067,500.00 | $1,072,500.00 | $5,000.00 |
Illness Separated - combined | $1,254,500.00 | $1,259,500.00 | $5,000.00 |
High Limit (without RA) | Limit | ||
Not a Member of a Couple | $832,500.00 | $838,500.00 | $6,000.00 |
Partnered - combined | $1,214,000.00 | $1,221,500.00 | $7,500.00 |
Illness Separated - combined | $1,401,000.00 | $1,408,500.00 | $7,500.00 |
Asset Levels at which ISS ceases (transitional) | |||
Low Limit | Limit | ||
Not a Member of a Couple | $676,500.00 | $680,000.00 | $3,500.00 |
Partnered - combined | $1,053,000.00 | $1,058,000.00 | $5,000.00 |
Illness Separated - combined | $1,235,500.00 | $1,240,500.00 | $5,000.00 |
High Limit (without RA) | Limit | ||
Not a Member of a Couple | $823,000.00 | $829,000.00 | $6,000.00 |
Partnered - combined | $1,199,500.00 | $1,207,000.00 | $7,500.00 |
Illness Separated - combined | $1,382,000.00 | $1,389,500.00 | $7,500.00 |
Assets at which minimum payment paid (non-transitional) | |||
Homeowner | Limit | ||
Not a Member of a Couple | $743,250.00 | $746,750.00 | $3,500.00 |
Partnered - combined | $1,102,500.00 | $1,107,500.00 | $5,000.00 |
Illness Separated - combined | $1,369,000.00 | $1,374,000.00 | $5,000.00 |
Non-homeowner | Limit | ||
Not a Member of a Couple | $889,750.00 | $895,750.00 | $6,000.00 |
Partnered - combined | $1,249,000.00 | $1,256,500.00 | $7,500.00 |
Illness Separated - combined | $1,515,500.00 | $1,523,000.00 | $7,500.00 |
Assets at which minimum payment paid (transitional) | |||
Homeowner | Limit | ||
Not a Member of a Couple | $653,750.00 | $657,250.00 | $3,500.00 |
Partnered - combined | $1,018,500.00 | $1,023,500.00 | $5,000.00 |
Illness Separated - combined | $1,190,000.00 | $1,195,000.00 | $5,000.00 |
Non-homeowner | Limit | ||
Not a Member of a Couple | $800,250.00 | $806,250.00 | $6,000.00 |
Partnered - combined | $1,165,000.00 | $1,172,500.00 | $7,500.00 |
Illness Separated - combined | $1,336,500.00 | $1,344,000.00 | $7,500.00 |
Assets at which ISS reduces (non-transitional) | |||
Homeowner | Limit | ||
Not a Member of a Couple | $594,250.00 | $597,750.00 | $3,500.00 |
Partnered - combined | $793,500.00 | $798,500.00 | $5,000.00 |
Illness Separated - combined | $1,071,000.00 | $1,076,000.00 | $5,000.00 |
Non-homeowner | Limit | ||
Not a Member of a Couple | $740,750.00 | $746,750.00 | $6,000.00 |
Partnered - combined | $940,000.00 | $947,500.00 | $7,500.00 |
Illness Separated - combined | $1,217,500.00 | $1,225,000.00 | $7,500.00 |
Assets at which ISS reduces (transitional) | |||
Homeowner | Limit | ||
Not a Member of a Couple | $504,750.00 | $508,250.00 | $3,500.00 |
Partnered - combined | $709,500.00 | $714,500.00 | $5,000.00 |
Illness Separated - combined | $892,000.00 | $897,000.00 | $5,000.00 |
Non-homeowner | Limit | ||
Not a Member of a Couple | $651,250.00 | $657,250.00 | $6,000.00 |
Partnered - combined | $856,000.00 | $863,500.00 | $7,500.00 |
Illness Separated - combined | $1,038,500.00 | $1,046,000.00 | $7,500.00 |
Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/payment-rates/current-payment-rates/1-july-2015/income-support-asset-limits-1-july-2015