Financial assets and deeming 1 July 2018
Old rate | New Rate | Difference | |
Financial assets and deeming | 20/03/2018 | 01/07/2018 | |
Deeming thresholds | Limit | ||
Single | $ 50,200.00 | $ 51,200.00 | $ 1,000.00 |
Partnered (combined), including illness separated and respite care | $ 83,400.00 | $ 85,000.00 | $ 1,600.00 |
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) | $ 159,169.23 | $ 162,830.77 | $ 3,661.54 |
Service pension max rate $ variation (non-homeowner) | $ 159,169.23 | $ 162,830.77 | $ 3,661.54 |
ISS ceiling rate $ variation (homeowner) | $ 425,969.23 | $ 429,630.77 | $ 3,661.54 |
ISS ceiling rate $ variation (non-homeowner) | $ 425,969.23 | $ 429,630.77 | $ 3,661.54 |
Age pension max rate (homeowner) | $ 157,569.23 | $ 161,230.77 | $ 3,661.54 |
Age pension max rate (non-homeowner) | $ 157,569.23 | $ 161,230.77 | $ 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) | $ 281,692.31 | $ 285,630.77 | $ 3,938.46 |
Service pension max rate $ variation (non-homeowner) | $ 281,692.31 | $ 285,630.77 | $ 3,938.46 |
ISS ceiling rate $ variation (homeowner) | $ 648,500.00 | $ 655,500.00 | $ 7,000.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 837,932.31 | $ 841,870.77 | $ 3,938.46 |
Age pension max rate (homeowner) | $ 278,492.31 | $ 282,430.77 | $ 3,938.46 |
Age pension max rate (non-homeowner) | $ 278,492.31 | $ 282,430.77 | $ 3,938.46 |
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) | $ 159,569.23 | $ 163,230.77 | $ 3,661.54 |
Service pension max rate $ variation (non-homeowner) | $ 159,569.23 | $ 163,230.77 | $ 3,661.54 |
ISS ceiling rate $ variation (homeowner) | $ 411,729.23 | $ 415,390.77 | $ 3,661.54 |
ISS ceiling rate $ variation (non-homeowner) | $ 411,729.23 | $ 415,390.77 | $ 3,661.54 |
Age pension max rate (homeowner) | $ 157,569.23 | $ 161,230.77 | $ 3,661.54 |
Age pension max rate (non-homeowner) | $ 157,569.23 | $ 161,230.77 | $ 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) | $ 282,492.31 | $ 286,430.77 | $ 3,938.46 |
Service pension max rate $ variation (non-homeowner) | $ 282,492.31 | $ 286,430.77 | $ 3,938.46 |
ISS ceiling rate $ variation (homeowner) | $ 609,500.00 | $ 616,500.00 | $ 7,000.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 812,500.00 | $ 823,500.00 | $ 11,000.00 |
Age pension max rate (homeowner) | $ 278,492.31 | $ 282,430.77 | $ 3,938.46 |
Age pension max rate (non-homeowner) | $ 278,492.31 | $ 282,430.77 | $ 3,938.46 |
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-2018/financial-assets-and-deeming-1-july-2018