Financial assets and deeming 1 July 2019
Old rate | New Rate | Difference | |
Financial assets and deeming | 20/03/2019 | 01/07/2019 | |
Deeming thresholds | Limit | ||
Single | $ 51,200.00 | $ 51,800.00 | $ 600.00 |
Partnered (combined), including illness separated and respite care | $ 85,000.00 | $ 86,200.00 | $ 1,200.00 |
Deeming rates | |||
Low deeming rate | 1.75% | 1.00% | N/A |
High deeming rate | 3.25% | 3.00% | N/A |
Financial asset notification limits (non-transitional) | |||
Single | Limit | ||
Service pension max rate $ variation (homeowner) | $ 162,830.77 | $ 187,066.67 | $ 24,235.90 |
Service pension max rate $ variation (non-homeowner) | $ 162,830.77 | $ 187,066.67 | $ 24,235.90 |
ISS ceiling rate $ variation (homeowner) | $ 434,670.77 | $ 475,000.00 | $ 40,329.23 |
ISS ceiling rate $ variation (non-homeowner) | $ 434,670.77 | $ 481,560.00 | $ 46,889.23 |
Age pension max rate (homeowner) | $ 161,230.77 | $ 185,333.33 | $ 24,102.56 |
Age pension max rate (non-homeowner) | $ 161,230.77 | $ 185,333.33 | $ 24,102.56 |
Part rate $ variation (income) | $ 1,600.00 | $ 1,733.33 | $ 133.33 |
Part rate $ variation (assets) | $ 500.00 | $ 500.00 | $ - |
Partnered - combined | Limit | ||
Service pension max rate $ variation (homeowner) | $ 285,630.77 | $ 327,866.67 | $ 42,235.90 |
Service pension max rate $ variation (non-homeowner) | $ 285,630.77 | $ 327,866.67 | $ 42,235.90 |
ISS ceiling rate $ variation (homeowner) | $ 661,000.00 | $ 668,000.00 | $ 7,000.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 852,510.77 | $ 878,500.00 | $ 25,989.23 |
Age pension max rate (homeowner) | $ 282,430.77 | $ 324,400.00 | $ 41,969.23 |
Age pension max rate (non-homeowner) | $ 282,430.77 | $ 324,400.00 | $ 41,969.23 |
Part rate $ variation (income) | $ 3,200.00 | $ 3,466.57 | $ 266.67 |
Part rate $ variation (assets) | $ 750.00 | $ 750.00 | $ - |
Financial asset notification limits (transitional) | |||
Single | Limit | ||
Service pension max rate $ variation (homeowner) | $ 163,230.77 | $ 187,500.00 | $ 24,269.23 |
Service pension max rate $ variation (non-homeowner) | $ 163,230.77 | $ 187,500.00 | $ 24,269.23 |
ISS ceiling rate $ variation (homeowner) | $ 415,310.77 | $ 429,250.00 | $ 13,939.23 |
ISS ceiling rate $ variation (non-homeowner) | $ 415,310.77 | $ 460,586.67 | $ 45,275.90 |
Age pension max rate (homeowner) | $ 161,230.77 | $ 185,333.33 | $ 24,102.56 |
Age pension max rate (non-homeowner) | $ 161,230.77 | $ 185,333.33 | $ 24,102.56 |
Part rate $ variation (income) | $ 2,000.00 | $ 2,166.67 | $ 166.67 |
Part rate $ variation (assets) | $ 500.00 | $ 500.00 | $ - |
Partnered - combined | Limit | ||
Service pension max rate $ variation (homeowner) | $ 286,430.77 | $ 328,733.33 | $ 42,302.56 |
Service pension max rate $ variation (non-homeowner) | $ 286,430.77 | $ 328,733.33 | $ 42,302.56 |
ISS ceiling rate $ variation (homeowner) | $ 620,000.00 | $ 627,000.00 | $ 7,000.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 827,000.00 | $ 837,500.00 | $ 10,500.00 |
Age pension max rate (homeowner) | $ 282,430.77 | $ 324,400.00 | $ 41,969.23 |
Age pension max rate (non-homeowner) | $ 282,430.77 | $ 324,400.00 | $ 41,969.23 |
Part rate $ variation (income) | $ 4,000.00 | $ 4,333.33 | $ 333.33 |
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-2019/financial-assets-and-deeming-1-july-2019