Financial assets and deeming 1 July 2017
Old rate | New Rate | Difference | |
Financial assets and deeming | 20/03/2017 | 01/07/2017 | |
Deeming thresholds | Limit | ||
Single | $ 49,200.00 | $ 50,200.00 | $ 1,000.00 |
Partnered (combined), including illness separated and respite care | $ 81,600.00 | $ 83,400.00 | $ 1,800.00 |
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 | $ 159,169.23 | $ 3,661.54 |
Service pension max rate $ variation (non-homeowner) | $ 155,507.69 | $ 159,169.23 | $ 3,661.54 |
ISS ceiling rate $ variation (homeowner) | $ 416,787.69 | $ 420,449.23 | $ 3,661.54 |
ISS ceiling rate $ variation (non-homeowner) | $ 416,787.69 | $ 420,449.23 | $ 3,661.54 |
Age pension max rate (homeowner) | $ 153,907.69 | $ 157,569.23 | $ 3,661.54 |
Age pension max rate (non-homeowner) | $ 153,907.69 | $ 157,569.23 | $ 3,661.54 |
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 | $ 281,692.31 | $ 7,230.77 |
Service pension max rate $ variation (non-homeowner) | $ 274,461.54 | $ 281,692.31 | $ 7,230.77 |
ISS ceiling rate $ variation (homeowner) | $ 637,500.00 | $ 643,000.00 | $ 5,500.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 819,261.54 | $ 826,492.31 | $ 7,230.77 |
Age pension max rate (homeowner) | $ 271,261.54 | $ 278,492.31 | $ 7,230.77 |
Age pension max rate (non-homeowner) | $ 271,261.54 | $ 278,492.31 | $ 7,230.77 |
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 | $ 159,569.23 | $ 3,661.54 |
Service pension max rate $ variation (non-homeowner) | $ 155,907.69 | $ 159,569.23 | $ 3,661.54 |
ISS ceiling rate $ variation (homeowner) | $ 407,827.69 | $ 411,489.23 | $ 3,661.54 |
ISS ceiling rate $ variation (non-homeowner) | $ 407,827.69 | $ 411,489.23 | $ 3,661.54 |
Age pension max rate (homeowner) | $ 153,907.69 | $ 157,569.23 | $ 3,661.54 |
Age pension max rate (non-homeowner) | $ 153,907.69 | $ 157,569.23 | $ 3,661.54 |
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 | $ 282,492.31 | $ 7,230.77 |
Service pension max rate $ variation (non-homeowner) | $ 275,261.54 | $ 282,492.31 | $ 7,230.77 |
ISS ceiling rate $ variation (homeowner) | $ 600,500.00 | $ 606,000.00 | $ 5,500.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 800,500.00 | $ 809,000.00 | $ 8,500.00 |
Age pension max rate (homeowner) | $ 271,261.54 | $ 278,492.31 | $ 7,230.77 |
Age pension max rate (non-homeowner) | $ 271,261.54 | $ 278,492.31 | $ 7,230.77 |
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/1-july-2017/financial-assets-and-deeming-1-july-2017