Financial assets and deeming 20 March 2023
Old rate | New Rate | Difference | |
Financial assets and deeming | 01/01/2023 | 20/03/2023 | |
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 | $ 523,500.00 | $ 8,750.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 705,911.11 | $ 721,857.78 | $15,946.67 |
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 | $ 733,500.00 | $11,000.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 947,000.00 | $ 958,000.00 | $11,000.00 |
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 | $ 469,250.00 | $ 6,500.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 661,884.44 | $ 674,653.33 | $12,768.89 |
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 | $ 683,000.00 | $ 9,000.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 898,500.00 | $ 907,500.00 | $ 9,000.00 |
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) | $ 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-march-2023/financial-assets-and-deeming-20-march-2023