| | Old rate | New Rate | Difference | | Income support asset limits | 01/07/2023 | 20/09/2023 | | | Assets value limit | | | | | Homeowner | | Limit | | | Single | $ 301,750.00 | $ 301,750.00 | $ - | | Partnered (each) including illness separated and respite care | $ 225,750.00 | $ 225,750.00 | $ - | | Non-homeowner | | Limit | | | Single | $ 543,750.00 | $ 543,750.00 | $ - | | Partnered (each) including illness separated and respite care | $ 346,750.00 | $ 346,750.00 | $ - | | | | | | | Extra allowable amount | | Limit | | | Extra allowable amount | $ 242,000.00 | $ 242,000.00 | $ - | | | | | | | Asset Levels at which SP/AP ceases (non-transitional) | | | | | Low Limit | | Limit | | | Not a Member of a Couple | $ 656,500.00 | $ 667,500.00 | $ 11,000.00 | | Partnered - combined | $ 986,500.00 | $ 1,003,000.00 | $ 16,500.00 | | Illness Separated - combined | $ 1,161,000.00 | $ 1,183,000.00 | $ 22,000.00 | | High Limit (without RA) | | Limit | | | Not a Member of a Couple | $ 898,500.00 | $ 909,500.00 | $ 11,000.00 | | Partnered - combined | $ 1,228,500.00 | $ 1,245,000.00 | $ 16,500.00 | | Illness Separated - combined | $ 1,403,000.00 | $ 1,425,000.00 | $ 22,000.00 | | | | | | | Asset Levels at which ISS ceases (non-transitional) | | | | | Low Limit | | Limit | | | Not a Member of a Couple | $ 651,750.00 | $ 662,750.00 | $ 11,000.00 | | Partnered - combined | $ 979,500.00 | $ 996,000.00 | $ 16,500.00 | | Illness Separated - combined | $ 1,151,500.00 | $ 1,173,500.00 | $ 22,000.00 | | High Limit (without RA) | | Limit | | | Not a Member of a Couple | $ 893,750.00 | $ 904,750.00 | $ 11,000.00 | | Partnered - combined | $ 1,221,500.00 | $ 1,238,000.00 | $ 16,500.00 | | Illness Separated - combined | $ 1,393,500.00 | $ 1,415,500.00 | $ 22,000.00 | | | | | | | Asset Levels at which SP/AP ceases (transitional) | | | | | Low Limit | | Limit | | | Not a Member of a Couple | $ 597,750.00 | $ 604,250.00 | $ 6,500.00 | | Partnered - combined | $ 929,000.00 | $ 939,500.00 | $ 10,500.00 | | Illness Separated - combined | $ 1,043,500.00 | $ 1,056,500.00 | $ 13,000.00 | | High Limit (without RA) | | Limit | | | Not a Member of a Couple | $ 839,750.00 | $ 846,250.00 | $ 6,500.00 | | Partnered - combined | $ 1,171,000.00 | $ 1,181,500.00 | $ 10,500.00 | | Illness Separated - combined | $ 1,285,500.00 | $ 1,298,500.00 | $ 13,000.00 | | | | | | | Asset Levels at which ISS ceases (transitional) | | | | | Low Limit | | Limit | | | Not a Member of a Couple | $ 593,000.00 | $ 599,500.00 | $ 6,500.00 | | Partnered - combined | $ 922,000.00 | $ 932,500.00 | $ 10,500.00 | | Illness Separated - combined | $ 1,034,000.00 | $ 1,047,000.00 | $ 13,000.00 | | High Limit (without RA) | | Limit | | | Not a Member of a Couple | $ 835,000.00 | $ 841,500.00 | $ 6,500.00 | | Partnered - combined | $ 1,164,000.00 | $ 1,174,500.00 | $ 10,500.00 | | Illness Separated - combined | $ 1,276,000.00 | $ 1,289,000.00 | $ 13,000.00 | | | | | | | Asset Levels at which VP ceases | | | | | Low Limit | | Limit | | | Not a Member of a Couple | $ 686,250.00 | $ 698,500.00 | $ 12,250.00 | | Partnered - combined | $ 1,051,500.00 | $ 1,070,000.00 | $ 18,500.00 | | Illness Separated - combined | $ 1,220,500.00 | $ 1,245,000.00 | $ 24,500.00 | | High Limit (without RA) | | Limit | | | Not a Member of a Couple | $ 928,250.00 | $ 940,500.00 | $ 12,250.00 | | Partnered - combined | $ 1,293,500.00 | $ 1,312,000.00 | $ 18,500.00 | | Illness Separated - combined | $ 1,462,500.00 | $ 1,487,000.00 | $ 24,500.00 | | | | | | | Assets at which minimum payment paid (non-transitional) | | | | | Homeowner | | Limit | | | Not a Member of a Couple | $ 637,750.00 | $ 648,250.00 | $ 10,500.00 | | Partnered - combined | $ 958,000.00 | $ 974,000.00 | $ 16,000.00 | | Illness Separated - combined | $ 1,123,500.00 | $ 1,144,500.00 | $ 21,000.00 | | Non-homeowner | | Limit | | | Not a Member of a Couple | $ 879,750.00 | $ 890,250.00 | $ 10,500.00 | | Partnered - combined | $ 1,200,000.00 | $ 1,216,000.00 | $ 16,000.00 | | Illness Separated - combined | $ 1,365,500.00 | $ 1,386,500.00 | $ 21,000.00 | | | | | | | Assets at which minimum payment paid (transitional) | | | | | Homeowner | | Limit | | | Not a Member of a Couple | $ 579,000.00 | $ 585,000.00 | $ 6,000.00 | | Partnered - combined | $ 901,000.00 | $ 910,500.00 | $ 9,500.00 | | Illness Separated - combined | $ 1,006,000.00 | $ 1,018,000.00 | $ 12,000.00 | | Non-homeowner | | Limit | | | Not a Member of a Couple | $ 821,000.00 | $ 827,000.00 | $ 6,000.00 | | Partnered - combined | $ 1,143,000.00 | $ 1,152,500.00 | $ 9,500.00 | | Illness Separated - combined | $ 1,248,000.00 | $ 1,260,000.00 | $ 12,000.00 | | | | | | | Assets at which minimum payment paid (veteran payment) | | | | | Homeowner | | Limit | | | Not a Member of a Couple | $ 672,250.00 | $ 684,000.00 | $ 11,750.00 | | Partnered - combined | $ 1,030,000.00 | $ 1,048,500.00 | $ 18,500.00 | | Illness Separated - combined | $ 1,192,500.00 | $ 1,216,000.00 | $ 23,500.00 | | Non-homeowner | | Limit | | | Not a Member of a Couple | $ 914,250.00 | $ 926,000.00 | $ 11,750.00 | | Partnered - combined | $ 1,272,000.00 | $ 1,290,500.00 | $ 18,500.00 | | Illness Separated - combined | $ 1,434,500.00 | $ 1,458,000.00 | $ 23,500.00 | | | | | | | Assets at which ISS reduces (non-transitional) | | | | | Homeowner | | Limit | | | Not a Member of a Couple | $ 544,750.00 | $ 552,250.00 | $ 7,500.00 | | Partnered - combined | $ 765,500.00 | $ 775,000.00 | $ 9,500.00 | | Illness Separated - combined | $ 937,500.00 | $ 952,500.00 | $ 15,000.00 | | Non-homeowner | | Limit | | | Not a Member of a Couple | $ 786,750.00 | $ 794,250.00 | $ 7,500.00 | | Partnered - combined | $ 1,007,500.00 | $ 1,017,000.00 | $ 9,500.00 | | Illness Separated - combined | $ 1,179,500.00 | $ 1,194,500.00 | $ 15,000.00 | | | | | | | Assets at which ISS reduces (transitional) | | | | | Homeowner | | Limit | | | Not a Member of a Couple | $ 486,000.00 | $ 489,000.00 | $ 3,000.00 | | Partnered - combined | $ 708,000.00 | $ 711,500.00 | $ 3,500.00 | | Illness Separated - combined | $ 820,000.00 | $ 826,000.00 | $ 6,000.00 | | Non-homeowner | | Limit | | | Not a Member of a Couple | $ 728,000.00 | $ 731,000.00 | $ 3,000.00 | | Partnered - combined | $ 950,000.00 | $ 953,500.00 | $ 3,500.00 | | Illness Separated - combined | $ 1,062,000.00 | $ 1,068,000.00 | $ 6,000.00 | | | | | | | | Old rate | New Rate | Difference | | Financial assets and deeming | 01/07/2023 | 20/09/2023 | | | Deeming thresholds | | Limit | | | Single | $ 60,400.00 | $ 60,400.00 | $ - | | Partnered (combined), including illness separated and respite care | $ 100,200.00 | $ 100,200.00 | $ - | | 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) | $ 291,733.33 | $ 291,733.33 | $ - | | Service pension max rate $ variation (non-homeowner) | $ 291,733.33 | $ 291,733.33 | $ - | | ISS ceiling rate $ variation (homeowner) | $ 545,250.00 | $ 552,500.00 | $ 7,250.00 | | ISS ceiling rate $ variation (non-homeowner) | $ 741,591.11 | $ 754,302.22 | $ 12,711.11 | | Age pension max rate (homeowner) | $ 289,422.22 | $ 289,422.22 | $ - | | Age pension max rate (non-homeowner) | $ 289,422.22 | $ 289,422.22 | $ - | | 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) | $ 452,000.00 | $ 452,000.00 | $ - | | Service pension max rate $ variation (non-homeowner) | $ 509,688.89 | $ 509,688.89 | $ - | | ISS ceiling rate $ variation (homeowner) | $ 766,000.00 | $ 775,500.00 | $ 9,500.00 | | ISS ceiling rate $ variation (non-homeowner) | $ 1,008,000.00 | $ 1,017,500.00 | $ 9,500.00 | | Age pension max rate (homeowner) | $ 451,500.00 | $ 451,500.00 | $ - | | Age pension max rate (non-homeowner) | $ 505,066.67 | $ 505,066.67 | $ - | | 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) | $ 292,311.11 | $ 292,311.11 | $ - | | Service pension max rate $ variation (non-homeowner) | $ 292,311.11 | $ 292,311.11 | $ - | | ISS ceiling rate $ variation (homeowner) | $ 491,000.00 | $ 494,000.00 | $ 3,000.00 | | ISS ceiling rate $ variation (non-homeowner) | $ 694,386.67 | $ 681,040.00 | -$ 13,346.67 | | Age pension max rate (homeowner) | $ 289,422.22 | $ 289,422.22 | $ - | | Age pension max rate (non-homeowner) | $ 289,422.22 | $ 289,422.22 | $ - | | 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) | $ 452,500.00 | $ 452,500.00 | $ - | | Service pension max rate $ variation (non-homeowner) | $ 510,844.44 | $ 510,844.44 | $ - | | ISS ceiling rate $ variation (homeowner) | $ 715,500.00 | $ 719,000.00 | $ 3,500.00 | | ISS ceiling rate $ variation (non-homeowner) | $ 957,500.00 | $ 961,000.00 | $ 3,500.00 | | Age pension max rate (homeowner) | $ 451,500.00 | $ 451,500.00 | $ - | | Age pension max rate (non-homeowner) | $ 505,066.67 | $ 505,066.67 | $ - | | Part rate $ variation (income) | $ 5,777.78 | $ 5,777.78 | $ - | | Part rate $ variation (assets) | $ 750.00 | $ 750.00 | $ - |
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