Income support asset limits 1 January 2024
| Old rate | New Rate | Difference | |
| Income support asset limits | 20/09/2023 | 01/01/2024 | |
| 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 | $ 667,500.00 | $ 667,500.00 | $ - |
| Partnered - combined | $ 1,003,000.00 | $ 1,003,000.00 | $ - |
| Illness Separated - combined | $ 1,183,000.00 | $ 1,183,000.00 | $ - |
| High Limit (without RA) | Limit | ||
| Not a Member of a Couple | $ 909,500.00 | $ 909,500.00 | $ - |
| Partnered - combined | $ 1,245,000.00 | $ 1,245,000.00 | $ - |
| Illness Separated - combined | $ 1,425,000.00 | $ 1,425,000.00 | $ - |
| Asset Levels at which ISS ceases (non-transitional) | |||
| Low Limit | Limit | ||
| Not a Member of a Couple | $ 662,750.00 | $ 662,750.00 | $ - |
| Partnered - combined | $ 996,000.00 | $ 996,000.00 | $ - |
| Illness Separated - combined | $ 1,173,500.00 | $ 1,173,500.00 | $ - |
| High Limit (without RA) | Limit | ||
| Not a Member of a Couple | $ 904,750.00 | $ 904,750.00 | $ - |
| Partnered - combined | $ 1,238,000.00 | $ 1,238,000.00 | $ - |
| Illness Separated - combined | $ 1,415,500.00 | $ 1,415,500.00 | $ - |
| Asset Levels at which SP/AP ceases (transitional) | |||
| Low Limit | Limit | ||
| Not a Member of a Couple | $ 604,250.00 | $ 604,250.00 | $ - |
| Partnered - combined | $ 939,500.00 | $ 939,500.00 | $ - |
| Illness Separated - combined | $ 1,056,500.00 | $ 1,056,500.00 | $ - |
| High Limit (without RA) | Limit | ||
| Not a Member of a Couple | $ 846,250.00 | $ 846,250.00 | $ - |
| Partnered - combined | $ 1,181,500.00 | $ 1,181,500.00 | $ - |
| Illness Separated - combined | $ 1,298,500.00 | $ 1,298,500.00 | $ - |
| Asset Levels at which ISS ceases (transitional) | |||
| Low Limit | Limit | ||
| Not a Member of a Couple | $ 599,500.00 | $ 599,500.00 | $ - |
| Partnered - combined | $ 932,500.00 | $ 932,500.00 | $ - |
| Illness Separated - combined | $ 1,047,000.00 | $ 1,047,000.00 | $ - |
| High Limit (without RA) | Limit | ||
| Not a Member of a Couple | $ 841,500.00 | $ 841,500.00 | $ - |
| Partnered - combined | $ 1,174,500.00 | $ 1,174,500.00 | $ - |
| Illness Separated - combined | $ 1,289,000.00 | $ 1,289,000.00 | $ - |
| Asset Levels at which VP ceases | |||
| Low Limit | Limit | ||
| Not a Member of a Couple | $ 698,500.00 | $ 698,500.00 | $ - |
| Partnered - combined | $ 1,070,000.00 | $ 1,070,000.00 | $ - |
| Illness Separated - combined | $ 1,245,000.00 | $ 1,245,000.00 | $ - |
| High Limit (without RA) | Limit | ||
| Not a Member of a Couple | $ 940,500.00 | $ 940,500.00 | $ - |
| Partnered - combined | $ 1,312,000.00 | $ 1,312,000.00 | $ - |
| Illness Separated - combined | $ 1,487,000.00 | $ 1,487,000.00 | $ - |
| Assets at which minimum payment paid (non-transitional) | |||
| Homeowner | Limit | ||
| Not a Member of a Couple | $ 648,250.00 | $ 648,250.00 | $ - |
| Partnered - combined | $ 974,000.00 | $ 974,000.00 | $ - |
| Illness Separated - combined | $ 1,144,500.00 | $ 1,144,500.00 | $ - |
| Non-homeowner | Limit | ||
| Not a Member of a Couple | $ 890,250.00 | $ 890,250.00 | $ - |
| Partnered - combined | $ 1,216,000.00 | $ 1,216,000.00 | $ - |
| Illness Separated - combined | $ 1,386,500.00 | $ 1,386,500.00 | $ - |
| Assets at which minimum payment paid (transitional) | |||
| Homeowner | Limit | ||
| Not a Member of a Couple | $ 585,000.00 | $ 585,000.00 | $ - |
| Partnered - combined | $ 910,500.00 | $ 910,500.00 | $ - |
| Illness Separated - combined | $ 1,018,000.00 | $ 1,018,000.00 | $ - |
| Non-homeowner | Limit | ||
| Not a Member of a Couple | $ 827,000.00 | $ 827,000.00 | $ - |
| Partnered - combined | $ 1,152,500.00 | $ 1,152,500.00 | $ - |
| Illness Separated - combined | $ 1,260,000.00 | $ 1,260,000.00 | $ - |
| Assets at which minimum payment paid (veteran payment) | |||
| Homeowner | Limit | ||
| Not a Member of a Couple | $ 684,000.00 | $ 684,000.00 | $ - |
| Partnered - combined | $ 1,048,500.00 | $ 1,048,500.00 | $ - |
| Illness Separated - combined | $ 1,216,000.00 | $ 1,216,000.00 | $ - |
| Non-homeowner | Limit | ||
| Not a Member of a Couple | $ 926,000.00 | $ 926,000.00 | $ - |
| Partnered - combined | $ 1,290,500.00 | $ 1,290,500.00 | $ - |
| Illness Separated - combined | $ 1,458,000.00 | $ 1,458,000.00 | $ - |
| Assets at which ISS reduces (non-transitional) | |||
| Homeowner | Limit | ||
| Not a Member of a Couple | $ 552,250.00 | $ 552,250.00 | $ - |
| Partnered - combined | $ 775,000.00 | $ 775,000.00 | $ - |
| Illness Separated - combined | $ 952,500.00 | $ 952,500.00 | $ - |
| Non-homeowner | Limit | ||
| Not a Member of a Couple | $ 794,250.00 | $ 794,250.00 | $ - |
| Partnered - combined | $ 1,017,000.00 | $ 1,017,000.00 | $ - |
| Illness Separated - combined | $ 1,194,500.00 | $ 1,194,500.00 | $ - |
| Assets at which ISS reduces (transitional) | |||
| Homeowner | Limit | ||
| Not a Member of a Couple | $ 489,000.00 | $ 489,000.00 | $ - |
| Partnered - combined | $ 711,500.00 | $ 711,500.00 | $ - |
| Illness Separated - combined | $ 826,000.00 | $ 826,000.00 | $ - |
| Non-homeowner | Limit | ||
| Not a Member of a Couple | $ 731,000.00 | $ 731,000.00 | $ - |
| Partnered - combined | $ 953,500.00 | $ 953,500.00 | $ - |
| Illness Separated - combined | $ 1,068,000.00 | $ 1,068,000.00 | $ - |
Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/payment-rates/current-payment-rates/1-january-2024/income-support-asset-limits-1-january-2024