Income support asset limits 20 March 2024
| Old rate | New Rate | Difference | |
| Income support asset limits | 01/01/2024 | 20/03/2024 | |
| 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 | $ 674,000.00 | $ 6,500.00 |
| Partnered - combined | $ 1,003,000.00 | $ 1,012,500.00 | $ 9,500.00 |
| Illness Separated - combined | $ 1,183,000.00 | $ 1,196,000.00 | $ 13,000.00 |
| High Limit (without RA) | Limit | ||
| Not a Member of a Couple | $ 909,500.00 | $ 916,000.00 | $ 6,500.00 |
| Partnered - combined | $ 1,245,000.00 | $ 1,254,500.00 | $ 9,500.00 |
| Illness Separated - combined | $ 1,425,000.00 | $ 1,438,000.00 | $ 13,000.00 |
| Asset Levels at which ISS ceases (non-transitional) | |||
| Low Limit | Limit | ||
| Not a Member of a Couple | $ 662,750.00 | $ 669,250.00 | $ 6,500.00 |
| Partnered - combined | $ 996,000.00 | $ 1,005,500.00 | $ 9,500.00 |
| Illness Separated - combined | $ 1,173,500.00 | $ 1,186,500.00 | $ 13,000.00 |
| High Limit (without RA) | Limit | ||
| Not a Member of a Couple | $ 904,750.00 | $ 911,250.00 | $ 6,500.00 |
| Partnered - combined | $ 1,238,000.00 | $ 1,247,500.00 | $ 9,500.00 |
| Illness Separated - combined | $ 1,415,500.00 | $ 1,428,500.00 | $ 13,000.00 |
| Asset Levels at which SP/AP ceases (transitional) | |||
| Low Limit | Limit | ||
| Not a Member of a Couple | $ 604,250.00 | $ 609,500.00 | $ 5,250.00 |
| Partnered - combined | $ 939,500.00 | $ 948,000.00 | $ 8,500.00 |
| Illness Separated - combined | $ 1,056,500.00 | $ 1,067,000.00 | $ 10,500.00 |
| High Limit (without RA) | Limit | ||
| Not a Member of a Couple | $ 846,250.00 | $ 851,500.00 | $ 5,250.00 |
| Partnered - combined | $ 1,181,500.00 | $ 1,190,000.00 | $ 8,500.00 |
| Illness Separated - combined | $ 1,298,500.00 | $ 1,309,000.00 | $ 10,500.00 |
| Asset Levels at which ISS ceases (transitional) | |||
| Low Limit | Limit | ||
| Not a Member of a Couple | $ 599,500.00 | $ 604,750.00 | $ 5,250.00 |
| Partnered - combined | $ 932,500.00 | $ 941,000.00 | $ 8,500.00 |
| Illness Separated - combined | $ 1,047,000.00 | $ 1,057,500.00 | $ 10,500.00 |
| High Limit (without RA) | Limit | ||
| Not a Member of a Couple | $ 841,500.00 | $ 846,750.00 | $ 5,250.00 |
| Partnered - combined | $ 1,174,500.00 | $ 1,183,000.00 | $ 8,500.00 |
| Illness Separated - combined | $ 1,289,000.00 | $ 1,299,500.00 | $ 10,500.00 |
| Asset Levels at which VP ceases | |||
| Low Limit | Limit | ||
| Not a Member of a Couple | $ 698,500.00 | $ 705,500.00 | $ 7,000.00 |
| Partnered - combined | $ 1,070,000.00 | $ 1,081,500.00 | $ 11,500.00 |
| Illness Separated - combined | $ 1,245,000.00 | $ 1,259,000.00 | $ 14,000.00 |
| High Limit (without RA) | Limit | ||
| Not a Member of a Couple | $ 940,500.00 | $ 947,500.00 | $ 7,000.00 |
| Partnered - combined | $ 1,312,000.00 | $ 1,323,500.00 | $ 11,500.00 |
| Illness Separated - combined | $ 1,487,000.00 | $ 1,501,000.00 | $ 14,000.00 |
| Assets at which minimum payment paid (non-transitional) | |||
| Homeowner | Limit | ||
| Not a Member of a Couple | $ 648,250.00 | $ 654,750.00 | $ 6,500.00 |
| Partnered - combined | $ 974,000.00 | $ 983,500.00 | $ 9,500.00 |
| Illness Separated - combined | $ 1,144,500.00 | $ 1,157,500.00 | $ 13,000.00 |
| Non-homeowner | Limit | ||
| Not a Member of a Couple | $ 890,250.00 | $ 896,750.00 | $ 6,500.00 |
| Partnered - combined | $ 1,216,000.00 | $ 1,225,500.00 | $ 9,500.00 |
| Illness Separated - combined | $ 1,386,500.00 | $ 1,399,500.00 | $ 13,000.00 |
| Assets at which minimum payment paid (transitional) | |||
| Homeowner | Limit | ||
| Not a Member of a Couple | $ 585,000.00 | $ 590,250.00 | $ 5,250.00 |
| Partnered - combined | $ 910,500.00 | $ 919,000.00 | $ 8,500.00 |
| Illness Separated - combined | $ 1,018,000.00 | $ 1,028,500.00 | $ 10,500.00 |
| Non-homeowner | Limit | ||
| Not a Member of a Couple | $ 827,000.00 | $ 832,250.00 | $ 5,250.00 |
| Partnered - combined | $ 1,152,500.00 | $ 1,161,000.00 | $ 8,500.00 |
| Illness Separated - combined | $ 1,260,000.00 | $ 1,270,500.00 | $ 10,500.00 |
| Assets at which minimum payment paid (veteran payment) | |||
| Homeowner | Limit | ||
| Not a Member of a Couple | $ 684,000.00 | $ 691,000.00 | $ 7,000.00 |
| Partnered - combined | $ 1,048,500.00 | $ 1,059,500.00 | $ 11,000.00 |
| Illness Separated - combined | $ 1,216,000.00 | $ 1,230,000.00 | $ 14,000.00 |
| Non-homeowner | Limit | ||
| Not a Member of a Couple | $ 926,000.00 | $ 933,000.00 | $ 7,000.00 |
| Partnered - combined | $ 1,290,500.00 | $ 1,301,500.00 | $ 11,000.00 |
| Illness Separated - combined | $ 1,458,000.00 | $ 1,472,000.00 | $ 14,000.00 |
| Assets at which ISS reduces (non-transitional) | |||
| Homeowner | Limit | ||
| Not a Member of a Couple | $ 552,250.00 | $ 556,750.00 | $ 4,500.00 |
| Partnered - combined | $ 775,000.00 | $ 780,500.00 | $ 5,500.00 |
| Illness Separated - combined | $ 952,500.00 | $ 961,500.00 | $ 9,000.00 |
| Non-homeowner | Limit | ||
| Not a Member of a Couple | $ 794,250.00 | $ 798,750.00 | $ 4,500.00 |
| Partnered - combined | $ 1,017,000.00 | $ 1,022,500.00 | $ 5,500.00 |
| Illness Separated - combined | $ 1,194,500.00 | $ 1,203,500.00 | $ 9,000.00 |
| Assets at which ISS reduces (transitional) | |||
| Homeowner | Limit | ||
| Not a Member of a Couple | $ 489,000.00 | $ 492,250.00 | $ 3,250.00 |
| Partnered - combined | $ 711,500.00 | $ 716,000.00 | $ 4,500.00 |
| Illness Separated - combined | $ 826,000.00 | $ 832,500.00 | $ 6,500.00 |
| Non-homeowner | Limit | ||
| Not a Member of a Couple | $ 731,000.00 | $ 734,250.00 | $ 3,250.00 |
| Partnered - combined | $ 953,500.00 | $ 958,000.00 | $ 4,500.00 |
| Illness Separated - combined | $ 1,068,000.00 | $ 1,074,500.00 | $ 6,500.00 |
Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/payment-rates/current-payment-rates/20-march-2024/income-support-asset-limits-20-march-2024