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Income support asset limits 1 January 2015

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  Old rate New Rate Difference
Income support asset limits 20/09/2014 01/01/2015  
Assets value limit      
Homeowner   Limit  
Single $202,000.00 $202,000.00 $0.00
Partnered (each) including illness separated and respite care $143,250.00 $143,250.00 $0.00
Non-homeowner   Limit  
Single $348,500.00 $348,500.00 $0.00
Partnered (each) including illness separated and respite care $216,500.00 $216,500.00 $0.00
       
Extra allowable amount   Limit  
Extra allowable amount $146,500.00 $146,500.00 $0.00
       
Asset Levels at which SP/AP ceases (non-transitional)      
Low Limit   Limit  
Not a Member of a Couple $771,750.00 $771,750.00 $0.00
Partnered - combined $1,145,500.00 $1,145,500.00 $0.00
Illness Separated - combined $1,426,000.00 $1,426,000.00 $0.00
High Limit (without RA)   Limit  
Not a Member of a Couple $918,250.00 $918,250.00 $0.00
Partnered - combined $1,292,000.00 $1,292,000.00 $0.00
Illness Separated - combined $1,572,500.00 $1,572,500.00 $0.00
       
Asset Levels at which ISS ceases (non-transitional)      
Low Limit   Limit  
Not a Member of a Couple $762,250.00 $762,250.00 $0.00
Partnered - combined $1,131,500.00 $1,131,500.00 $0.00
Illness Separated - combined $1,407,000.00 $1,407,000.00 $0.00
High Limit (without RA)   Limit  
Not a Member of a Couple $908,750.00 $908,750.00 $0.00
Partnered - combined $1,278,000.00 $1,278,000.00 $0.00
Illness Separated - combined $1,553,500.00 $1,553,500.00 $0.00
       
Asset Levels at which SP/AP ceases (transitional)      
Low Limit   Limit  
Not a Member of a Couple $682,750.00 $682,750.00 $0.00
Partnered - combined $1,062,000.00 $1,062,000.00 $0.00
Illness Separated - combined $1,248,000.00 $1,248,000.00 $0.00
High Limit (without RA)   Limit  
Not a Member of a Couple $829,250.00 $829,250.00 $0.00
Partnered - combined $1,208,500.00 $1,208,500.00 $0.00
Illness Separated - combined $1,394,500.00 $1,394,500.00 $0.00
       
Asset Levels at which ISS ceases (transitional)      
Low Limit   Limit  
Not a Member of a Couple $673,250.00 $673,250.00 $0.00
Partnered - combined $1,048,000.00 $1,048,000.00 $0.00
Illness Separated - combined $1,229,000.00 $1,229,000.00 $0.00
High Limit (without RA)   Limit  
Not a Member of a Couple $819,750.00 $819,750.00 $0.00
Partnered - combined $1,194,500.00 $1,194,500.00 $0.00
Illness Separated - combined $1,375,500.00 $1,375,500.00 $0.00
       
Assets at which minimum payment paid (non-transitional)      
Homeowner   Limit  
Not a Member of a Couple $739,500.00 $739,500.00 $0.00
Partnered - combined $1,097,000.00 $1,097,000.00 $0.00
Illness Separated - combined $1,361,500.00 $1,361,500.00 $0.00
Non-homeowner   Limit  
Not a Member of a Couple $886,000.00 $886,000.00 $0.00
Partnered - combined $1,243,500.00 $1,243,500.00 $0.00
Illness Separated - combined $1,508,000.00 $1,508,000.00 $0.00
       
Assets at which minimum payment paid (transitional)      
Homeowner   Limit  
Not a Member of a Couple $650,500.00 $650,500.00 $0.00
Partnered - combined $1,013,500.00 $1,013,500.00 $0.00
Illness Separated - combined $1,183,500.00 $1,183,500.00 $0.00
Non-homeowner   Limit  
Not a Member of a Couple $797,000.00 $797,000.00 $0.00
Partnered - combined $1,160,000.00 $1,160,000.00 $0.00
Illness Separated - combined $1,330,000.00 $1,330,000.00 $0.00
       
Assets at which ISS reduces (non-transitional)      
Homeowner   Limit  
Not a Member of a Couple $591,500.00 $591,500.00 $0.00
Partnered - combined $790,000.00 $790,000.00 $0.00
Illness Separated - combined $1,065,500.00 $1,065,500.00 $0.00
Non-homeowner   Limit  
Not a Member of a Couple $738,000.00 $738,000.00 $0.00
Partnered - combined $936,500.00 $936,500.00 $0.00
Illness Separated - combined $1,212,000.00 $1,212,000.00 $0.00
       
Assets at which ISS reduces (transitional)      
Homeowner   Limit  
Not a Member of a Couple $502,750.00 $502,750.00 $0.00
Partnered - combined $706,500.00 $706,500.00 $0.00
Illness Separated - combined $888,000.00 $888,000.00 $0.00
Non-homeowner   Limit  
Not a Member of a Couple $649,250.00 $649,250.00 $0.00
Partnered - combined $853,000.00 $853,000.00 $0.00
Illness Separated - combined $1,034,500.00 $1,034,500.00 $0.00