Financial assets and deeming 1 July 2023
Deeming thresholds | Limit | ||
Single | $ 56,400.00 | $ 60,400.00 | $ 4,000.00 |
Partnered (combined), including illness separated and respite care | $ 93,600.00 | $ 100,200.00 | $ 6,600.00 |
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 | $ 291,733.33 | $ 19,733.33 |
Service pension max rate $ variation (non-homeowner) | $ 272,000.00 | $ 291,733.33 | $ 19,733.33 |
ISS ceiling rate $ variation (homeowner) | $ 523,500.00 | $ 545,250.00 | $ 21,750.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 721,857.78 | $ 741,591.11 | $ 19,733.33 |
Age pension max rate (homeowner) | $ 269,688.89 | $ 289,422.22 | $ 19,733.33 |
Age pension max rate (non-homeowner) | $ 269,688.89 | $ 289,422.22 | $ 19,733.33 |
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 | $ 452,000.00 | $ 32,500.00 |
Service pension max rate $ variation (non-homeowner) | $ 476,088.89 | $ 509,688.89 | $ 33,600.00 |
ISS ceiling rate $ variation (homeowner) | $ 733,500.00 | $ 766,000.00 | $ 32,500.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 958,000.00 | $ 1,008,000.00 | $ 50,000.00 |
Age pension max rate (homeowner) | $ 419,000.00 | $ 451,500.00 | $ 32,500.00 |
Age pension max rate (non-homeowner) | $ 471,466.67 | $ 505,066.67 | $ 33,600.00 |
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 | $ 292,311.11 | $ 19,733.33 |
Service pension max rate $ variation (non-homeowner) | $ 272,577.78 | $ 292,311.11 | $ 19,733.33 |
ISS ceiling rate $ variation (homeowner) | $ 469,250.00 | $ 491,000.00 | $ 21,750.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 674,653.33 | $ 694,386.67 | $ 19,733.33 |
Age pension max rate (homeowner) | $ 269,688.89 | $ 289,422.22 | $ 19,733.33 |
Age pension max rate (non-homeowner) | $ 269,688.89 | $ 289,422.22 | $ 19,733.33 |
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 | $ 452,500.00 | $ 32,500.00 |
Service pension max rate $ variation (non-homeowner) | $ 477,244.44 | $ 510,844.44 | $ 33,600.00 |
ISS ceiling rate $ variation (homeowner) | $ 683,000.00 | $ 715,500.00 | $ 32,500.00 |
ISS ceiling rate $ variation (non-homeowner) | $ 907,500.00 | $ 957,500.00 | $ 50,000.00 |
Age pension max rate (homeowner) | $ 419,000.00 | $ 451,500.00 | $ 32,500.00 |
Age pension max rate (non-homeowner) | $ 471,466.67 | $ 505,066.67 | $ 33,600.00 |
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-2023/financial-assets-and-deeming-1-july-2023