Income support asset limits 1 January 2017
Old rate | New Rate | Difference | |
Income support asset limits | 20/09/2016 | 01/01/2017 | |
Assets value limit | |||
Homeowner | Limit | ||
Single | $ 209,000.00 | $ 250,000.00 | $ 41,000.00 |
Partnered (each) including illness separated and respite care | $ 148,250.00 | $ 187,500.00 | $ 39,250.00 |
Non-homeowner | Limit | ||
Single | $ 360,500.00 | $ 450,000.00 | $ 89,500.00 |
Partnered (each) including illness separated and respite care | $ 224,000.00 | $ 287,500.00 | $ 63,500.00 |
Extra allowable amount | Limit | ||
Extra allowable amount | $ 151,500.00 | $ 200,000.00 | $ 48,500.00 |
Asset Levels at which SP/AP ceases (non-transitional) | |||
Low Limit | Limit | ||
Not a Member of a Couple | $ 793,750.00 | $ 542,500.00 | -$ 251,250.00 |
Partnered - combined | $ 1,178,500.00 | $ 816,000.00 | -$ 362,500.00 |
Illness Separated - combined | $ 1,466,000.00 | $ 960,000.00 | -$ 506,000.00 |
High Limit (without RA) | Limit | ||
Not a Member of a Couple | $ 945,250.00 | $ 742,500.00 | -$ 202,750.00 |
Partnered - combined | $ 1,330,000.00 | $ 1,016,000.00 | -$ 314,000.00 |
Illness Separated - combined | $ 1,617,500.00 | $ 1,160,000.00 | -$ 457,500.00 |
Asset Levels at which ISS ceases (non-transitional) | |||
Low Limit | Limit | ||
Not a Member of a Couple | $ 784,500.00 | $ 537,750.00 | -$ 246,750.00 |
Partnered - combined | $ 1,164,000.00 | $ 809,000.00 | -$ 355,000.00 |
Illness Separated - combined | $ 1,447,500.00 | $ 950,500.00 | -$ 497,000.00 |
High Limit (without RA) | Limit | ||
Not a Member of a Couple | $ 936,000.00 | $ 737,750.00 | -$ 198,250.00 |
Partnered - combined | $ 1,315,500.00 | $ 1,009,000.00 | -$ 306,500.00 |
Illness Separated - combined | $ 1,599,000.00 | $ 1,150,500.00 | -$ 448,500.00 |
Asset Levels at which SP/AP ceases (transitional) | |||
Low Limit | Limit | ||
Not a Member of a Couple | $ 701,500.00 | $ 496,250.00 | -$ 205,250.00 |
Partnered - combined | $ 1,091,000.00 | $ 772,500.00 | -$ 318,500.00 |
Illness Separated - combined | $ 1,281,500.00 | $ 867,500.00 | -$ 414,000.00 |
High Limit (without RA) | Limit | ||
Not a Member of a Couple | $ 853,000.00 | $ 696,250.00 | -$ 156,750.00 |
Partnered - combined | $ 1,242,500.00 | $ 972,500.00 | -$ 270,000.00 |
Illness Separated - combined | $ 1,433,000.00 | $ 1,067,500.00 | -$ 365,500.00 |
Asset Levels at which ISS ceases (transitional) | |||
Low Limit | Limit | ||
Not a Member of a Couple | $ 692,000.00 | $ 491,500.00 | -$ 200,500.00 |
Partnered - combined | $ 1,077,000.00 | $ 765,500.00 | -$ 311,500.00 |
Illness Separated - combined | $ 1,262,500.00 | $ 858,000.00 | -$ 404,500.00 |
High Limit (without RA) | Limit | ||
Not a Member of a Couple | $ 843,500.00 | $ 691,500.00 | -$ 152,000.00 |
Partnered - combined | $ 1,228,500.00 | $ 965,500.00 | -$ 263,000.00 |
Illness Separated - combined | $ 1,414,000.00 | $ 1,058,000.00 | -$ 356,000.00 |
Assets at which minimum payment paid (non-transitional) | |||
Homeowner | Limit | ||
Not a Member of a Couple | $ 761,000.00 | $ 526,000.00 | -$ 235,000.00 |
Partnered - combined | $ 1,129,000.00 | $ 791,500.00 | -$ 337,500.00 |
Illness Separated - combined | $ 1,400,500.00 | $ 927,000.00 | -$ 473,500.00 |
Non-homeowner | Limit | ||
Not a Member of a Couple | $ 912,500.00 | $ 726,000.00 | -$ 186,500.00 |
Partnered - combined | $ 1,280,500.00 | $ 991,500.00 | -$ 289,000.00 |
Illness Separated - combined | $ 1,552,000.00 | $ 1,127,000.00 | -$ 425,000.00 |
Assets at which minimum payment paid (transitional) | |||
Homeowner | Limit | ||
Not a Member of a Couple | $ 668,750.00 | $ 480,000.00 | -$ 188,750.00 |
Partnered - combined | $ 1,042,000.00 | $ 748,000.00 | -$ 294,000.00 |
Illness Separated - combined | $ 1,216,000.00 | $ 835,000.00 | -$ 381,000.00 |
Non-homeowner | Limit | ||
Not a Member of a Couple | $ 820,250.00 | $ 680,000.00 | -$ 140,250.00 |
Partnered - combined | $ 1,193,500.00 | $ 948,000.00 | -$ 245,500.00 |
Illness Separated - combined | $ 1,367,500.00 | $ 1,035,000.00 | -$ 332,500.00 |
Assets at which ISS reduces (non-transitional) | |||
Homeowner | Limit | ||
Not a Member of a Couple | $ 609,000.00 | $ 450,000.00 | -$ 159,000.00 |
Partnered - combined | $ 813,500.00 | $ 633,500.00 | -$ 180,000.00 |
Illness Separated - combined | $ 1,096,500.00 | $ 775,000.00 | -$ 321,500.00 |
Non-homeowner | Limit | ||
Not a Member of a Couple | $ 760,500.00 | $ 650,000.00 | -$ 110,500.00 |
Partnered - combined | $ 965,000.00 | $ 833,500.00 | -$ 131,500.00 |
Illness Separated - combined | $ 1,248,000.00 | $ 975,000.00 | -$ 273,000.00 |
Assets at which ISS reduces (transitional) | |||
Homeowner | Limit | ||
Not a Member of a Couple | $ 516,750.00 | $ 404,000.00 | -$ 112,750.00 |
Partnered - combined | $ 726,000.00 | $ 590,000.00 | -$ 136,000.00 |
Illness Separated - combined | $ 912,000.00 | $ 683,000.00 | -$ 229,000.00 |
Non-homeowner | Limit | ||
Not a Member of a Couple | $ 668,250.00 | $ 604,000.00 | -$ 64,250.00 |
Partnered - combined | $ 877,500.00 | $ 790,000.00 | -$ 87,500.00 |
Illness Separated - combined | $ 1,063,500.00 | $ 883,000.00 | -$ 180,500.00 |
Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/payment-rates/current-payment-rates/1-january-2017/income-support-asset-limits-1-january-2017