| Old rate | New Rate | Difference |
Income support asset limits | 20/09/2020 | 01/01/2021 | |
Assets value limit | | | |
Homeowner | | Limit | |
Single | $ 268,000.00 | $ 268,000.00 | $ - |
Partnered (each) including illness separated and respite care | $ 200,750.00 | $ 200,750.00 | $ - |
Non-homeowner | | Limit | |
Single | $ 482,500.00 | $ 482,500.00 | $ - |
Partnered (each) including illness separated and respite care | $ 308,000.00 | $ 308,000.00 | $ - |
| | | |
Extra allowable amount | | Limit | |
Extra allowable amount | $ 214,500.00 | $ 214,500.00 | $ - |
| | | |
Asset Levels at which SP/AP ceases (non-transitional) | | | |
Low Limit | | Limit | |
Not a Member of a Couple | $ 583,000.00 | $ 583,000.00 | $ - |
Partnered - combined | $ 876,500.00 | $ 876,500.00 | $ - |
Illness Separated - combined | $ 1,031,500.00 | $ 1,031,500.00 | $ - |
High Limit (without RA) | | Limit | |
Not a Member of a Couple | $ 797,500.00 | $ 797,500.00 | $ - |
Partnered - combined | $ 1,091,000.00 | $ 1,091,000.00 | $ - |
Illness Separated - combined | $ 1,246,000.00 | $ 1,246,000.00 | $ - |
| | | |
Asset Levels at which ISS ceases (non-transitional) | | | |
Low Limit | | Limit | |
Not a Member of a Couple | $ 578,250.00 | $ 578,250.00 | $ - |
Partnered - combined | $ 869,000.00 | $ 869,000.00 | $ - |
Illness Separated - combined | $ 1,022,000.00 | $ 1,022,000.00 | $ - |
High Limit (without RA) | | Limit | |
Not a Member of a Couple | $ 792,750.00 | $ 792,750.00 | $ - |
Partnered - combined | $ 1,083,500.00 | $ 1,083,500.00 | $ - |
Illness Separated - combined | $ 1,236,500.00 | $ 1,236,500.00 | $ - |
| | | |
Asset Levels at which SP/AP ceases (transitional) | | | |
Low Limit | | Limit | |
Not a Member of a Couple | $ 531,250.00 | $ 531,250.00 | $ - |
Partnered - combined | $ 826,500.00 | $ 826,500.00 | $ - |
Illness Separated - combined | $ 928,000.00 | $ 928,000.00 | $ - |
High Limit (without RA) | | Limit | |
Not a Member of a Couple | $ 745,750.00 | $ 745,750.00 | $ - |
Partnered - combined | $ 1,041,000.00 | $ 1,041,000.00 | $ - |
Illness Separated - combined | $ 1,142,500.00 | $ 1,142,500.00 | $ - |
| | | |
Asset Levels at which ISS ceases (transitional) | | | |
Low Limit | | Limit | |
Not a Member of a Couple | $ 526,500.00 | $ 526,500.00 | $ - |
Partnered - combined | $ 819,000.00 | $ 819,000.00 | $ - |
Illness Separated - combined | $ 918,500.00 | $ 918,500.00 | $ - |
High Limit (without RA) | | Limit | |
Not a Member of a Couple | $ 741,000.00 | $ 741,000.00 | $ - |
Partnered - combined | $ 1,033,500.00 | $ 1,033,500.00 | $ - |
Illness Separated - combined | $ 1,133,000.00 | $ 1,133,000.00 | $ - |
| | | |
Asset Levels at which VP ceases | | | |
Low Limit | | Limit | |
Not a Member of a Couple | $ 608,750.00 | $ 608,750.00 | $ - |
Partnered - combined | $ 932,500.00 | $ 932,500.00 | $ - |
Illness Separated - combined | $ 1,083,000.00 | $ 1,083,000.00 | $ - |
High Limit (without RA) | | Limit | |
Not a Member of a Couple | $ 823,250.00 | $ 823,250.00 | $ - |
Partnered - combined | $ 1,147,000.00 | $ 1,147,000.00 | $ - |
Illness Separated - combined | $ 1,297,500.00 | $ 1,297,500.00 | $ - |
| | | |
Assets at which minimum payment paid (non-transitional) | | | |
Homeowner | | Limit | |
Not a Member of a Couple | $ 565,750.00 | $ 565,750.00 | $ - |
Partnered - combined | $ 850,500.00 | $ 850,500.00 | $ - |
Illness Separated - combined | $ 997,000.00 | $ 997,000.00 | $ - |
Non-homeowner | | Limit | |
Not a Member of a Couple | $ 780,250.00 | $ 780,250.00 | $ - |
Partnered - combined | $ 1,065,000.00 | $ 1,065,000.00 | $ - |
Illness Separated - combined | $ 1,211,500.00 | $ 1,211,500.00 | $ - |
| | | |
Assets at which minimum payment paid (transitional) | | | |
Homeowner | | Limit | |
Not a Member of a Couple | $ 514,000.00 | $ 514,000.00 | $ - |
Partnered - combined | $ 800,500.00 | $ 800,500.00 | $ - |
Illness Separated - combined | $ 893,500.00 | $ 893,500.00 | $ - |
Non-homeowner | | Limit | |
Not a Member of a Couple | $ 728,500.00 | $ 728,500.00 | $ - |
Partnered - combined | $ 1,015,000.00 | $ 1,015,000.00 | $ - |
Illness Separated - combined | $ 1,108,000.00 | $ 1,108,000.00 | $ - |
| | | |
Assets at which minimum payment paid (veteran payment) | | | |
Homeowner | | Limit | |
Not a Member of a Couple | $ 596,250.00 | $ 596,250.00 | $ - |
Partnered - combined | $ 914,000.00 | $ 914,000.00 | $ - |
Illness Separated - combined | $ 1,058,000.00 | $ 1,058,000.00 | $ - |
Non-homeowner | | Limit | |
Not a Member of a Couple | $ 810,750.00 | $ 810,750.00 | $ - |
Partnered - combined | $ 1,128,500.00 | $ 1,128,500.00 | $ - |
Illness Separated - combined | $ 1,272,500.00 | $ 1,272,500.00 | $ - |
| | | |
Assets at which ISS reduces (non-transitional) | | | |
Homeowner | | Limit | |
Not a Member of a Couple | $ 483,500.00 | $ 483,500.00 | $ - |
Partnered - combined | $ 679,500.00 | $ 679,500.00 | $ - |
Illness Separated - combined | $ 832,500.00 | $ 832,500.00 | $ - |
Non-homeowner | | Limit | |
Not a Member of a Couple | $ 698,000.00 | $ 698,000.00 | $ - |
Partnered - combined | $ 894,000.00 | $ 894,000.00 | $ - |
Illness Separated - combined | $ 1,047,000.00 | $ 1,047,000.00 | $ - |
| | | |
Assets at which ISS reduces (transitional) | | | |
Homeowner | | Limit | |
Not a Member of a Couple | $ 431,750.00 | $ 431,750.00 | $ - |
Partnered - combined | $ 629,500.00 | $ 629,500.00 | $ - |
Illness Separated - combined | $ 729,000.00 | $ 729,000.00 | $ - |
Non-homeowner | | Limit | |
Not a Member of a Couple | $ 646,250.00 | $ 646,250.00 | $ - |
Partnered - combined | $ 844,000.00 | $ 844,000.00 | $ - |
Illness Separated - combined | $ 943,500.00 | $ 943,500.00 | $ - |