Financial assets and deeming 1 January 2023
Old rate | New Rate | Difference | |
Financial assets and deeming | 20/09/2022 | 01/01/2023 | |
Deeming thresholds | Limit | ||
Single | $ 56,400.00 | $ 56,400.00 | $ - |
Partnered (combined), including illness separated and respite care | $ 93,600.00 | $ 93,600.00 | $ - |
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) | $ 272,000.00 | $ 272,000.00 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 272,000.00 | $ 272,000.00 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 514,750.00 | $ 514,750.00 | $ - |
ISS ceiling rate $ variation (non-homeowner) | $ 705,911.11 | $ 705,911.11 | $ - |
Age pension max rate (homeowner) | $ 269,688.89 | $ 269,688.89 | $ - |
Age pension max rate (non-homeowner) | $ 269,688.89 | $ 269,688.89 | $ - |
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) | $ 419,500.00 | $ 419,500.00 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 476,088.89 | $ 476,088.89 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 722,500.00 | $ 722,500.00 | $ - |
ISS ceiling rate $ variation (non-homeowner) | $ 947,000.00 | $ 947,000.00 | $ - |
Age pension max rate (homeowner) | $ 419,000.00 | $ 419,000.00 | $ - |
Age pension max rate (non-homeowner) | $ 471,466.67 | $ 471,466.67 | $ - |
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) | $ 272,577.78 | $ 272,577.78 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 272,577.78 | $ 272,577.78 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 462,750.00 | $ 462,750.00 | $ - |
ISS ceiling rate $ variation (non-homeowner) | $ 661,884.44 | $ 661,884.44 | $ - |
Age pension max rate (homeowner) | $ 269,688.89 | $ 269,688.89 | $ - |
Age pension max rate (non-homeowner) | $ 269,688.89 | $ 269,688.89 | $ - |
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) | $ 420,000.00 | $ 420,000.00 | $ - |
Service pension max rate $ variation (non-homeowner) | $ 477,244.44 | $ 477,244.44 | $ - |
ISS ceiling rate $ variation (homeowner) | $ 674,000.00 | $ 674,000.00 | $ - |
ISS ceiling rate $ variation (non-homeowner) | $ 898,500.00 | $ 898,500.00 | $ - |
Age pension max rate (homeowner) | $ 419,000.00 | $ 419,000.00 | $ - |
Age pension max rate (non-homeowner) | $ 471,466.67 | $ 471,466.67 | $ - |
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-january-2023/financial-assets-and-deeming-1-january-2023