Financial assets and deeming 1 July 2020
| Old Rate | New rate | Difference | |
| Financial assets and deeming | 20/03/2020 | 1/05/2020 | |
| 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% | 0.25% | -0.75% |
| High deeming rate | 3.00% | 2.25% | -0.75% |
| Financial asset notification limits (non-transitional) | |||
| Single | Limit | ||
| Service pension max rate $ variation (homeowner) | $ 187,066.67 | $ 249,422.22 | $ 62,355.56 |
| Service pension max rate $ variation (non-homeowner) | $ 187,066.67 | $ 249,422.22 | $ 62,355.56 |
| ISS ceiling rate $ variation (homeowner) | $ 479,000.00 | $ 479,000.00 | $ - |
| ISS ceiling rate $ variation (non-homeowner) | $ 486,760.00 | $ 649,013.33 | $ 162,253.33 |
| Age pension max rate (homeowner) | $ 185,333.33 | $ 247,111.11 | $ 61,777.78 |
| Age pension max rate (non-homeowner) | $ 185,333.33 | $ 247,111.11 | $ 61,777.78 |
| Part rate $ variation (income) | $ 1,733.33 | $ 2,311.11 | $ 577.78 |
| Part rate $ variation (assets) | $ 500.00 | $ 500.00 | $ - |
| Partnered - combined | Limit | ||
| Service pension max rate $ variation (homeowner) | $ 327,866.67 | $ 395,000.00 | $ 67,133.33 |
| Service pension max rate $ variation (non-homeowner) | $ 327,866.67 | $ 437,155.56 | $ 109,288.89 |
| ISS ceiling rate $ variation (homeowner) | $ 673,500.00 | $ 673,500.00 | $ - |
| ISS ceiling rate $ variation (non-homeowner) | $ 884,000.00 | $ 884,000.00 | $ - |
| Age pension max rate (homeowner) | $ 324,400.00 | $ 394,500.00 | $ 70,100.00 |
| Age pension max rate (non-homeowner) | $ 324,400.00 | $ 432,533.33 | $ 108,133.33 |
| Part rate $ variation (income) | $ 3,466.67 | $ 4,622.22 | $ 1,155.56 |
| Part rate $ variation (assets) | $ 750.00 | $ 750.00 | $ - |
| Financial asset notification limits (transitional) | |||
| Single | Limit | ||
| Service pension max rate $ variation (homeowner) | $ 187,500.00 | $ 250,000.00 | $ 62,500.00 |
| Service pension max rate $ variation (non-homeowner) | $ 187,500.00 | $ 250,000.00 | $ 62,500.00 |
| ISS ceiling rate $ variation (homeowner) | $ 432,000.00 | $ 432,000.00 | $ - |
| ISS ceiling rate $ variation (non-homeowner) | $ 461,843.33 | $ 615,791.11 | $ 153,947.78 |
| Age pension max rate (homeowner) | $ 185,333.33 | $ 247,111.11 | $ 61,777.78 |
| Age pension max rate (non-homeowner) | $ 185,333.33 | $ 247,111.11 | $ 61,777.78 |
| Part rate $ variation (income) | $ 2,166.67 | $ 2,888.89 | $ 722.22 |
| Part rate $ variation (assets) | $ 500.00 | $ 500.00 | $ - |
| Partnered - combined | Limit | ||
| Service pension max rate $ variation (homeowner) | $ 328,733.33 | $ 395,500.00 | $ 66,766.67 |
| Service pension max rate $ variation (non-homeowner) | $ 328,733.33 | $ 438,311.11 | $ 109,577.78 |
| ISS ceiling rate $ variation (homeowner) | $ 630,500.00 | $ 630,500.00 | $ - |
| ISS ceiling rate $ variation (non-homeowner) | $ 841,000.00 | $ 841,000.00 | $ - |
| Age pension max rate (homeowner) | $ 324,400.00 | $ 394,500.00 | $ 70,100.00 |
| Age pension max rate (non-homeowner) | $ 324,400.00 | $ 432,533.33 | $ 108,133.33 |
| Part rate $ variation (income) | $ 4,333.33 | $ 5,777.78 | $ 1,444.44 |
| Part rate $ variation (assets) | $ 750.00 | $ 750.00 | $ - |
| Old rate | New Rate | Difference | |
| Financial assets and deeming | 1/05/2020 | 01/07/2020 | |
| Deeming thresholds | Limit | ||
| Single | $ 51,800.00 | $ 53,000.00 | $ 1,200.00 |
| Partnered (combined), including illness separated and respite care | $ 86,200.00 | $ 88,000.00 | $ 1,800.00 |
| Deeming rates | |||
| Low deeming rate | 0.25% | 0.25% | N/A |
| High deeming rate | 2.25% | 2.25% | N/A |
| Financial asset notification limits (non-transitional) | |||
| Single | Limit | ||
| Service pension max rate $ variation (homeowner) | $ 249,422.22 | $ 255,111.11 | $ 5,688.89 |
| Service pension max rate $ variation (non-homeowner) | $ 249,422.22 | $ 255,111.11 | $ 5,688.89 |
| ISS ceiling rate $ variation (homeowner) | $ 479,000.00 | $ 483,750.00 | $ 4,750.00 |
| ISS ceiling rate $ variation (non-homeowner) | $ 649,013.33 | $ 654,702.22 | $ 5,688.89 |
| Age pension max rate (homeowner) | $ 247,111.11 | $ 252,800.00 | $ 5,688.89 |
| Age pension max rate (non-homeowner) | $ 247,111.11 | $ 252,800.00 | $ 5,688.89 |
| Part rate $ variation (income) | $ 2,311.11 | $ 2,311.11 | $ - |
| Part rate $ variation (assets) | $ 500.00 | $ 500.00 | $ - |
| Partnered - combined | Limit | ||
| Service pension max rate $ variation (homeowner) | $ 395,000.00 | $ 402,000.00 | $ 7,000.00 |
| Service pension max rate $ variation (non-homeowner) | $ 437,155.56 | $ 448,000.00 | $ 10,844.44 |
| ISS ceiling rate $ variation (homeowner) | $ 673,500.00 | $ 680,500.00 | $ 7,000.00 |
| ISS ceiling rate $ variation (non-homeowner) | $ 884,000.00 | $ 895,000.00 | $ 11,000.00 |
| Age pension max rate (homeowner) | $ 394,500.00 | $ 401,500.00 | $ 7,000.00 |
| Age pension max rate (non-homeowner) | $ 432,533.33 | $ 443,377.78 | $ 10,844.44 |
| Part rate $ variation (income) | $ 4,622.22 | $ 4,622.22 | $ - |
| Part rate $ variation (assets) | $ 750.00 | $ 750.00 | $ - |
| Financial asset notification limits (transitional) | |||
| Single | Limit | ||
| Service pension max rate $ variation (homeowner) | $ 250,000.00 | $ 255,688.89 | $ 5,688.89 |
| Service pension max rate $ variation (non-homeowner) | $ 250,000.00 | $ 255,688.89 | $ 5,688.89 |
| ISS ceiling rate $ variation (homeowner) | $ 432,000.00 | $ 436,750.00 | $ 4,750.00 |
| ISS ceiling rate $ variation (non-homeowner) | $ 615,791.11 | $ 621,480.00 | $ 5,688.89 |
| Age pension max rate (homeowner) | $ 247,111.11 | $ 252,800.00 | $ 5,688.89 |
| Age pension max rate (non-homeowner) | $ 247,111.11 | $ 252,800.00 | $ 5,688.89 |
| Part rate $ variation (income) | $ 2,888.89 | $ 2,888.89 | $ - |
| Part rate $ variation (assets) | $ 500.00 | $ 500.00 | $ - |
| Partnered - combined | Limit | ||
| Service pension max rate $ variation (homeowner) | $ 395,500.00 | $ 402,500.00 | $ 7,000.00 |
| Service pension max rate $ variation (non-homeowner) | $ 438,311.11 | $ 449,155.56 | $ 10,844.44 |
| ISS ceiling rate $ variation (homeowner) | $ 630,500.00 | $ 637,500.00 | $ 7,000.00 |
| ISS ceiling rate $ variation (non-homeowner) | $ 841,000.00 | $ 852,000.00 | $ 11,000.00 |
| Age pension max rate (homeowner) | $ 394,500.00 | $ 401,500.00 | $ 7,000.00 |
| Age pension max rate (non-homeowner) | $ 432,533.33 | $ 443,377.78 | $ 10,844.44 |
| Part rate $ variation (income) | $ 5,777.78 | $ 5,777.78 | $ - |
| 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-2020/financial-assets-and-deeming-1-july-2020