|
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 |