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Financial assets and deeming 1 January 2018

Document
 Old rateNew RateDifference
Financial assets and deeming20/09/201701/01/2018 
Deeming thresholds Limit 
Single $      50,200.00 $      50,200.00 $               -  
Partnered (combined), including illness separated and respite care $      83,400.00 $      83,400.00 $               -  
Deeming rates   
Low deeming rate1.75%1.75%N/A
High deeming rate3.25%3.25%N/A
    
Financial asset notification limits (non-transitional)   
Single Limit 
Service pension max rate $ variation (homeowner) $    159,169.23 $    159,169.23 $               -  
Service pension max rate $ variation (non-homeowner) $    159,169.23 $    159,169.23 $               -  
ISS ceiling rate $ variation (homeowner) $    422,129.23 $    422,129.23 $               -  
ISS ceiling rate $ variation (non-homeowner) $    422,129.23 $    422,129.23 $               -  
Age pension max rate (homeowner) $    157,569.23 $    157,569.23 $               -  
Age pension max rate (non-homeowner) $    157,569.23 $    157,569.23 $               -  
Part rate $ variation (income) $        1,600.00 $        1,600.00 $               -  
Part rate $ variation (assets) $           500.00 $           500.00 $               -  
Partnered - combined Limit 
Service pension max rate $ variation (homeowner) $    281,692.31 $    281,692.31 $               -  
Service pension max rate $ variation (non-homeowner) $    281,692.31 $    281,692.31 $               -  
ISS ceiling rate $ variation (homeowner) $    645,000.00 $    645,000.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    830,092.31 $    830,092.31 $               -  
Age pension max rate (homeowner) $    278,492.31 $    278,492.31 $               -  
Age pension max rate (non-homeowner) $    278,492.31 $    278,492.31 $               -  
Part rate $ variation (income) $        3,200.00 $        3,200.00 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -  
    
Financial asset notification limits (transitional)   
Single Limit 
Service pension max rate $ variation (homeowner) $    159,569.23 $    159,569.23 $               -  
Service pension max rate $ variation (non-homeowner) $    159,569.23 $    159,569.23 $               -  
ISS ceiling rate $ variation (homeowner) $    411,449.23 $    411,449.23 $               -  
ISS ceiling rate $ variation (non-homeowner) $    411,449.23 $    411,449.23 $               -  
Age pension max rate (homeowner) $    157,569.23 $    157,569.23 $               -  
Age pension max rate (non-homeowner) $    157,569.23 $    157,569.23 $               -  
Part rate $ variation (income) $        2,000.00 $        2,000.00 $               -  
Part rate $ variation (assets) $           500.00 $           500.00 $               -  
Partnered - combined Limit 
Service pension max rate $ variation (homeowner) $    282,492.31 $    282,492.31 $               -  
Service pension max rate $ variation (non-homeowner) $    282,492.31 $    282,492.31 $               -  
ISS ceiling rate $ variation (homeowner) $    607,000.00 $    607,000.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    810,000.00 $    810,000.00 $               -  
Age pension max rate (homeowner) $    278,492.31 $    278,492.31 $               -  
Age pension max rate (non-homeowner) $    278,492.31 $    278,492.31 $               -  
Part rate $ variation (income) $        4,000.00 $        4,000.00 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -