Financial assets and deeming 20 March 2017
Old rate | New Rate | Difference | |
Financial assets and deeming | 01/01/2017 | 20/03/2017 | |
Deeming thresholds | Limit | ||
Single | $ 49,200.00 | $ 49,200.00 | $ - |
Partnered (combined), including illness separated and respite care | $ 81,600.00 | $ 81,600.00 | $ - |
Deeming rates | |||
Low deeming rate | 1.75% | 1.75% | N/A |
High deeming rate | 3.25% | 3.25% | N/A |
Financial asset notification limits (non-transitional) | |||
Single | Limit | ||
Service pension max rate $ variation (homeowner) | $ 155,507.69 | $ 155,507.69 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 155,507.69 | $ 155,507.69 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 413,667.69 | $ 416,787.69 | $ 3,120.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 413,667.69 | $ 416,787.69 | $ 3,120.00 |
Age pension max rate (homeowner) | $ 153,907.69 | $ 153,907.69 | $ - |
Age pension max rate (non-homeowner) | $ 153,907.69 | $ 153,907.69 | $ - |
Part rate $ variation (income) | $ 1,600.00 | $ 1,600.00 | $ - |
Part rate $ variation (assets) | $ 500.00 | $ 500.00 | $ - |
Partnered - combined | Limit | ||
Service pension max rate $ variation (homeowner) | $ 274,461.54 | $ 274,461.54 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 274,461.54 | $ 274,461.54 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 634,000.00 | $ 637,500.00 | $ 3,500.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 812,781.54 | $ 819,261.54 | $ 6,480.00 |
Age pension max rate (homeowner) | $ 271,261.54 | $ 271,261.54 | $ - |
Age pension max rate (non-homeowner) | $ 271,261.54 | $ 271,261.54 | $ - |
Part rate $ variation (income) | $ 3,200.00 | $ 3,200.00 | $ - |
Part rate $ variation (assets) | $ 750.00 | $ 750.00 | $ - |
Financial asset notification limits (transitional) | |||
Single | Limit | ||
Service pension max rate $ variation (homeowner) | $ 155,907.69 | $ 155,907.69 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 155,907.69 | $ 155,907.69 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 405,227.69 | $ 407,827.69 | $ 2,600.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 405,227.69 | $ 407,827.69 | $ 2,600.00 |
Age pension max rate (homeowner) | $ 153,907.69 | $ 153,907.69 | $ - |
Age pension max rate (non-homeowner) | $ 153,907.69 | $ 153,907.69 | $ - |
Part rate $ variation (income) | $ 2,000.00 | $ 2,000.00 | $ - |
Part rate $ variation (assets) | $ 500.00 | $ 500.00 | $ - |
Partnered - combined | Limit | ||
Service pension max rate $ variation (homeowner) | $ 275,261.54 | $ 275,261.54 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 275,261.54 | $ 275,261.54 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 597,500.00 | $ 600,500.00 | $ 3,000.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 797,500.00 | $ 800,500.00 | $ 3,000.00 |
Age pension max rate (homeowner) | $ 271,261.54 | $ 271,261.54 | $ - |
Age pension max rate (non-homeowner) | $ 271,261.54 | $ 271,261.54 | $ - |
Part rate $ variation (income) | $ 4,000.00 | $ 4,000.00 | $ - |
Part rate $ variation (assets) | $ 750.00 | $ 750.00 | $ - |
Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/payment-rates/current-payment-rates/20-march-2017/financial-assets-and-deeming-20-march-2017