You are here

Financial assets and deeming 1 Jan 2020

Document
 Old rateNew RateDifference
Financial assets and deeming20/09/201901/01/2020 
Deeming thresholds Limit 
Single $      51,800.00 $      51,800.00 $               -  
Partnered (combined), including illness separated and respite care $      86,200.00 $      86,200.00 $               -  
Deeming rates   
Low deeming rate1.00%1.00%N/A
High deeming rate3.00%3.00%N/A
    
Financial asset notification limits (non-transitional)   
Single Limit 
Service pension max rate $ variation (homeowner) $    187,066.67 $    187,066.67 $               -  
Service pension max rate $ variation (non-homeowner) $    187,066.67 $    187,066.67 $               -  
ISS ceiling rate $ variation (homeowner) $    476,500.00 $    476,500.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    483,553.33 $    483,553.33 $               -  
Age pension max rate (homeowner) $    185,333.33 $    185,333.33 $               -  
Age pension max rate (non-homeowner) $    185,333.33 $    185,333.33 $               -  
Part rate $ variation (income) $        1,733.33 $        1,733.33 $               -  
Part rate $ variation (assets) $           500.00 $           500.00 $               -  
Partnered - combined Limit 
Service pension max rate $ variation (homeowner) $    327,866.67 $    327,866.67 $               -  
Service pension max rate $ variation (non-homeowner) $    327,866.67 $    327,866.67 $               -  
ISS ceiling rate $ variation (homeowner) $    670,000.00 $    670,000.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    880,500.00 $    880,500.00 $               -  
Age pension max rate (homeowner) $    324,400.00 $    324,400.00 $               -  
Age pension max rate (non-homeowner) $    324,400.00 $    324,400.00 $               -  
Part rate $ variation (income) $        3,466.67 $        3,466.67 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -  
    
Financial asset notification limits (transitional)   
Single Limit 
Service pension max rate $ variation (homeowner) $    187,500.00 $    187,500.00 $               -  
Service pension max rate $ variation (non-homeowner) $    187,500.00 $    187,500.00 $               -  
ISS ceiling rate $ variation (homeowner) $    430,250.00 $    430,250.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    459,070.00 $    459,070.00 $               -  
Age pension max rate (homeowner) $    185,333.33 $    185,333.33 $               -  
Age pension max rate (non-homeowner) $    185,333.33 $    185,333.33 $               -  
Part rate $ variation (income) $        2,166.67 $        2,166.67 $               -  
Part rate $ variation (assets) $           500.00 $           500.00 $               -  
Partnered - combined Limit 
Service pension max rate $ variation (homeowner) $    328,733.33 $    328,733.33 $               -  
Service pension max rate $ variation (non-homeowner) $    328,733.33 $    328,733.33 $               -  
ISS ceiling rate $ variation (homeowner) $    628,000.00 $    628,000.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    838,500.00 $    838,500.00 $               -  
Age pension max rate (homeowner) $    324,400.00 $    324,400.00 $               -  
Age pension max rate (non-homeowner) $    324,400.00 $    324,400.00 $               -  
Part rate $ variation (income) $        4,333.33 $        4,333.33 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -