Financial assets and deeming 20 March 2020
Old rate | New Rate | Difference | |
Financial assets and deeming | 01/01/2020 | 20/03/2020 | |
Deeming thresholds | Limit | ||
Single | $ 51,800.00 | $ 51,800.00 | $ - |
Partnered (combined), including illness separated and respite care | $ 86,200.00 | $ 86,200.00 | $ - |
Deeming rates | |||
Low deeming rate | 1.00% | 1.00% | N/A |
High deeming rate | 3.00% | 3.00% | N/A |
Financial asset notification limits (non-transitional) | |||
Single | Limit | ||
Service pension max rate $ variation (homeowner) | $ 187,066.67 | $ 187,066.67 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 187,066.67 | $ 187,066.67 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 476,500.00 | $ 479,000.00 | $ 2,500.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 483,553.33 | $ 486,760.00 | $ 3,206.67 |
Age pension max rate (homeowner) | $ 185,333.33 | $ 185,333.33 | $ - |
Age pension max rate (non-homeowner) | $ 185,333.33 | $ 185,333.33 | $ - |
Part rate $ variation (income) | $ 1,733.33 | $ 1,733.33 | $ - |
Part rate $ variation (assets) | $ 500.00 | $ 500.00 | $ - |
Partnered - combined | Limit | ||
Service pension max rate $ variation (homeowner) | $ 327,866.67 | $ 327,866.67 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 327,866.67 | $ 327,866.67 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 670,000.00 | $ 673,500.00 | $ 3,500.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 880,500.00 | $ 884,000.00 | $ 3,500.00 |
Age pension max rate (homeowner) | $ 324,400.00 | $ 324,400.00 | $ - |
Age pension max rate (non-homeowner) | $ 324,400.00 | $ 324,400.00 | $ - |
Part rate $ variation (income) | $ 3,466.67 | $ 3,466.67 | $ - |
Part rate $ variation (assets) | $ 750.00 | $ 750.00 | $ - |
Financial asset notification limits (transitional) | |||
Single | Limit | ||
Service pension max rate $ variation (homeowner) | $ 187,500.00 | $ 187,500.00 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 187,500.00 | $ 187,500.00 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 430,250.00 | $ 432,000.00 | $ 1,750.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 459,070.00 | $ 461,843.33 | $ 2,773.33 |
Age pension max rate (homeowner) | $ 185,333.33 | $ 185,333.33 | $ - |
Age pension max rate (non-homeowner) | $ 185,333.33 | $ 185,333.33 | $ - |
Part rate $ variation (income) | $ 2,166.67 | $ 2,166.67 | $ - |
Part rate $ variation (assets) | $ 500.00 | $ 500.00 | $ - |
Partnered - combined | Limit | ||
Service pension max rate $ variation (homeowner) | $ 328,733.33 | $ 328,733.33 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 328,733.33 | $ 328,733.33 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 628,000.00 | $ 630,500.00 | $ 2,500.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 838,500.00 | $ 841,000.00 | $ 2,500.00 |
Age pension max rate (homeowner) | $ 324,400.00 | $ 324,400.00 | $ - |
Age pension max rate (non-homeowner) | $ 324,400.00 | $ 324,400.00 | $ - |
Part rate $ variation (income) | $ 4,333.33 | $ 4,333.33 | $ - |
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/20-march-2020/financial-assets-and-deeming-20-march-2020