Income support asset limits 1 July 2021
Old rate | New Rate | Difference | |
Income support asset limits | 20/03/2021 | 01/07/2021 | |
Assets value limit | |||
Homeowner | Limit | ||
Single | $ 268,000.00 | $ 270,500.00 | $ 2,500.00 |
Partnered (each) including illness separated and respite care | $ 200,750.00 | $ 202,500.00 | $ 1,750.00 |
Non-homeowner | Limit | ||
Single | $ 482,500.00 | $ 487,000.00 | $ 4,500.00 |
Partnered (each) including illness separated and respite care | $ 308,000.00 | $ 310,750.00 | $ 2,750.00 |
Extra allowable amount | Limit | ||
Extra allowable amount | $ 214,500.00 | $ 216,500.00 | $ 2,000.00 |
Asset Levels at which SP/AP ceases (non-transitional) | |||
Low Limit | Limit | ||
Not a Member of a Couple | $ 585,750.00 | $ 588,250.00 | $ 2,500.00 |
Partnered - combined | $ 880,500.00 | $ 884,000.00 | $ 3,500.00 |
Illness Separated - combined | $ 1,037,000.00 | $ 1,040,500.00 | $ 3,500.00 |
High Limit (without RA) | Limit | ||
Not a Member of a Couple | $ 800,250.00 | $ 804,750.00 | $ 4,500.00 |
Partnered - combined | $ 1,095,000.00 | $ 1,100,500.00 | $ 5,500.00 |
Illness Separated - combined | $ 1,251,500.00 | $ 1,257,000.00 | $ 5,500.00 |
Asset Levels at which ISS ceases (non-transitional) | |||
Low Limit | Limit | ||
Not a Member of a Couple | $ 581,000.00 | $ 583,500.00 | $ 2,500.00 |
Partnered - combined | $ 873,500.00 | $ 877,000.00 | $ 3,500.00 |
Illness Separated - combined | $ 1,027,500.00 | $ 1,031,000.00 | $ 3,500.00 |
High Limit (without RA) | Limit | ||
Not a Member of a Couple | $ 795,500.00 | $ 800,000.00 | $ 4,500.00 |
Partnered - combined | $ 1,088,000.00 | $ 1,093,500.00 | $ 5,500.00 |
Illness Separated - combined | $ 1,242,000.00 | $ 1,247,500.00 | $ 5,500.00 |
Asset Levels at which SP/AP ceases (transitional) | |||
Low Limit | Limit | ||
Not a Member of a Couple | $ 533,500.00 | $ 536,000.00 | $ 2,500.00 |
Partnered - combined | $ 830,000.00 | $ 833,500.00 | $ 3,500.00 |
Illness Separated - combined | $ 932,500.00 | $ 936,000.00 | $ 3,500.00 |
High Limit (without RA) | Limit | ||
Not a Member of a Couple | $ 748,000.00 | $ 752,500.00 | $ 4,500.00 |
Partnered - combined | $ 1,044,500.00 | $ 1,050,000.00 | $ 5,500.00 |
Illness Separated - combined | $ 1,147,000.00 | $ 1,152,500.00 | $ 5,500.00 |
Asset Levels at which ISS ceases (transitional) | |||
Low Limit | Limit | ||
Not a Member of a Couple | $ 528,750.00 | $ 531,250.00 | $ 2,500.00 |
Partnered - combined | $ 823,000.00 | $ 826,500.00 | $ 3,500.00 |
Illness Separated - combined | $ 923,000.00 | $ 926,500.00 | $ 3,500.00 |
High Limit (without RA) | Limit | ||
Not a Member of a Couple | $ 743,250.00 | $ 747,750.00 | $ 4,500.00 |
Partnered - combined | $ 1,037,500.00 | $ 1,043,000.00 | $ 5,500.00 |
Illness Separated - combined | $ 1,137,500.00 | $ 1,143,000.00 | $ 5,500.00 |
Asset Levels at which VP ceases | |||
Low Limit | Limit | ||
Not a Member of a Couple | $ 611,750.00 | $ 614,250.00 | $ 2,500.00 |
Partnered - combined | $ 937,500.00 | $ 941,000.00 | $ 3,500.00 |
Illness Separated - combined | $ 1,089,000.00 | $ 1,092,500.00 | $ 3,500.00 |
High Limit (without RA) | Limit | ||
Not a Member of a Couple | $ 826,250.00 | $ 830,750.00 | $ 4,500.00 |
Partnered - combined | $ 1,152,000.00 | $ 1,157,500.00 | $ 5,500.00 |
Illness Separated - combined | $ 1,303,500.00 | $ 1,309,000.00 | $ 5,500.00 |
Assets at which minimum payment paid (non-transitional) | |||
Homeowner | Limit | ||
Not a Member of a Couple | $ 568,500.00 | $ 571,000.00 | $ 2,500.00 |
Partnered - combined | $ 854,500.00 | $ 858,000.00 | $ 3,500.00 |
Illness Separated - combined | $ 1,002,500.00 | $ 1,006,000.00 | $ 3,500.00 |
Non-homeowner | Limit | ||
Not a Member of a Couple | $ 783,000.00 | $ 787,500.00 | $ 4,500.00 |
Partnered - combined | $ 1,069,000.00 | $ 1,074,500.00 | $ 5,500.00 |
Illness Separated - combined | $ 1,217,000.00 | $ 1,222,500.00 | $ 5,500.00 |
Assets at which minimum payment paid (transitional) | |||
Homeowner | Limit | ||
Not a Member of a Couple | $ 516,250.00 | $ 518,750.00 | $ 2,500.00 |
Partnered - combined | $ 804,000.00 | $ 807,500.00 | $ 3,500.00 |
Illness Separated - combined | $ 898,000.00 | $ 901,500.00 | $ 3,500.00 |
Non-homeowner | Limit | ||
Not a Member of a Couple | $ 730,750.00 | $ 735,250.00 | $ 4,500.00 |
Partnered - combined | $ 1,018,500.00 | $ 1,024,000.00 | $ 5,500.00 |
Illness Separated - combined | $ 1,112,500.00 | $ 1,118,000.00 | $ 5,500.00 |
Assets at which minimum payment paid (veteran payment) | |||
Homeowner | Limit | ||
Not a Member of a Couple | $ 599,250.00 | $ 601,750.00 | $ 2,500.00 |
Partnered - combined | $ 918,500.00 | $ 922,000.00 | $ 3,500.00 |
Illness Separated - combined | $ 1,064,000.00 | $ 1,067,500.00 | $ 3,500.00 |
Non-homeowner | Limit | ||
Not a Member of a Couple | $ 813,750.00 | $ 818,250.00 | $ 4,500.00 |
Partnered - combined | $ 1,133,000.00 | $ 1,138,500.00 | $ 5,500.00 |
Illness Separated - combined | $ 1,278,500.00 | $ 1,284,000.00 | $ 5,500.00 |
Assets at which ISS reduces (non-transitional) | |||
Homeowner | Limit | ||
Not a Member of a Couple | $ 485,500.00 | $ 488,000.00 | $ 2,500.00 |
Partnered - combined | $ 682,000.00 | $ 685,500.00 | $ 3,500.00 |
Illness Separated - combined | $ 836,500.00 | $ 840,000.00 | $ 3,500.00 |
Non-homeowner | Limit | ||
Not a Member of a Couple | $ 700,000.00 | $ 704,500.00 | $ 4,500.00 |
Partnered - combined | $ 896,500.00 | $ 902,000.00 | $ 5,500.00 |
Illness Separated - combined | $ 1,051,000.00 | $ 1,056,500.00 | $ 5,500.00 |
Assets at which ISS reduces (transitional) | |||
Homeowner | Limit | ||
Not a Member of a Couple | $ 433,250.00 | $ 435,750.00 | $ 2,500.00 |
Partnered - combined | $ 631,500.00 | $ 635,000.00 | $ 3,500.00 |
Illness Separated - combined | $ 732,000.00 | $ 735,500.00 | $ 3,500.00 |
Non-homeowner | Limit | ||
Not a Member of a Couple | $ 647,750.00 | $ 652,250.00 | $ 4,500.00 |
Partnered - combined | $ 846,000.00 | $ 851,500.00 | $ 5,500.00 |
Illness Separated - combined | $ 946,500.00 | $ 952,000.00 | $ 5,500.00 |
Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/payment-rates/current-payment-rates/1-july-2021/income-support-asset-limits-1-july-2021