Financial assets and deeming 20 September 2021
Old rate | New Rate | Difference | |
Financial assets and deeming | 01/07/2021 | 20/09/2021 | |
Deeming thresholds | Limit | ||
Single | $ 53,600.00 | $ 53,600.00 | $ - |
Partnered (combined), including illness separated and respite care | $ 89,000.00 | $ 89,000.00 | $ - |
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) | $ 257,955.56 | $ 257,955.56 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 257,955.56 | $ 257,955.56 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 488,250.00 | $ 491,500.00 | $ 3,250.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 661,128.89 | $ 667,022.22 | $ 5,893.33 |
Age pension max rate (homeowner) | $ 255,644.44 | $ 255,644.44 | $ - |
Age pension max rate (non-homeowner) | $ 255,644.44 | $ 255,644.44 | $ - |
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) | $ 405,500.00 | $ 405,500.00 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 453,511.11 | $ 453,511.11 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 686,500.00 | $ 691,000.00 | $ 4,500.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 903,000.00 | $ 907,500.00 | $ 4,500.00 |
Age pension max rate (homeowner) | $ 405,000.00 | $ 405,000.00 | $ - |
Age pension max rate (non-homeowner) | $ 448,888.89 | $ 448,888.89 | $ - |
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) | $ 258,533.33 | $ 258,533.33 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 258,533.33 | $ 258,533.33 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 440,750.00 | $ 443,000.00 | $ 2,250.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 627,213.33 | $ 628,022.22 | $ 808.89 |
Age pension max rate (homeowner) | $ 255,644.44 | $ 255,644.44 | $ - |
Age pension max rate (non-homeowner) | $ 255,644.44 | $ 255,644.44 | $ - |
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) | $ 406,000.00 | $ 406,000.00 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 454,666.67 | $ 454,666.67 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 643,000.00 | $ 646,000.00 | $ 3,000.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 859,500.00 | $ 862,500.00 | $ 3,000.00 |
Age pension max rate (homeowner) | $ 405,000.00 | $ 405,000.00 | $ - |
Age pension max rate (non-homeowner) | $ 448,888.89 | $ 448,888.89 | $ - |
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/20-september-2021/financial-assets-and-deeming-20-september-2021