Financial assets and deeming 1 January 2024

 Old rateNew RateDifference
Financial assets and deeming20/09/202301/01/2024 
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 rate0.25%0.25%N/A
High deeming rate2.25%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) $     552,500.00 $     552,500.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $     754,302.22 $     754,302.22 $               -  
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) $     775,500.00 $     775,500.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $  1,017,500.00 $  1,017,500.00 $               -  
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) $     494,000.00 $     494,000.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $     681,040.00 $     681,040.00 $               -  
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) $     719,000.00 $     719,000.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $     961,000.00 $     961,000.00 $               -  
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 $               -  

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/payment-rates/current-payment-rates/1-january-2024/financial-assets-and-deeming-1-january-2024