You are here

Income support asset limits 1 January 2023

Document
 Old rateNew RateDifference
Income support asset limits20/09/202201/01/2023 
Assets value limit   
Homeowner Limit 
Single $      280,000.00 $      280,000.00 $                    -  
Partnered (each) including illness separated and respite care $      209,500.00 $      209,500.00 $                    -  
Non-homeowner Limit 
Single $      504,500.00 $      504,500.00 $                    -  
Partnered (each) including illness separated and respite care $      321,750.00 $      321,750.00 $                    -  
    
Extra allowable amount Limit 
Extra allowable amount $      224,500.00 $      224,500.00 $                    -  
    
Asset Levels at which SP/AP ceases (non-transitional)   
Low Limit Limit 
Not a Member of a Couple $      622,250.00 $      622,250.00 $                    -  
Partnered - combined $      935,000.00 $      935,000.00 $                    -  
Illness Separated - combined $   1,103,500.00 $   1,103,500.00 $                    -  
High Limit (without RA) Limit 
Not a Member of a Couple $      846,750.00 $      846,750.00 $                    -  
Partnered - combined $   1,159,500.00 $   1,159,500.00 $                    -  
Illness Separated - combined $   1,328,000.00 $   1,328,000.00 $                    -  
    
Asset Levels at which ISS ceases (non-transitional)   
Low Limit Limit 
Not a Member of a Couple $      617,500.00 $      617,500.00 $                    -  
Partnered - combined $      928,000.00 $      928,000.00 $                    -  
Illness Separated - combined $   1,094,000.00 $   1,094,000.00 $                    -  
High Limit (without RA) Limit 
Not a Member of a Couple $      842,000.00 $      842,000.00 $                    -  
Partnered - combined $   1,152,500.00 $   1,152,500.00 $                    -  
Illness Separated - combined $   1,318,500.00 $   1,318,500.00 $                    -  
    
Asset Levels at which SP/AP ceases (transitional)   
Low Limit Limit 
Not a Member of a Couple $      565,500.00 $      565,500.00 $                    -  
Partnered - combined $      880,000.00 $      880,000.00 $                    -  
Illness Separated - combined $      990,000.00 $      990,000.00 $                    -  
High Limit (without RA) Limit 
Not a Member of a Couple $      790,000.00 $      790,000.00 $                    -  
Partnered - combined $   1,104,500.00 $   1,104,500.00 $                    -  
Illness Separated - combined $   1,214,500.00 $   1,214,500.00 $                    -  
    
Asset Levels at which ISS ceases (transitional)   
Low Limit Limit 
Not a Member of a Couple $      561,000.00 $      561,000.00 $                    -  
Partnered - combined $      873,000.00 $      873,000.00 $                    -  
Illness Separated - combined $      981,000.00 $      981,000.00 $                    -  
High Limit (without RA) Limit 
Not a Member of a Couple $      785,500.00 $      785,500.00 $                    -  
Partnered - combined $   1,097,500.00 $   1,097,500.00 $                    -  
Illness Separated - combined $   1,205,500.00 $   1,205,500.00 $                    -  
    
Asset Levels at which VP ceases   
Low Limit Limit 
Not a Member of a Couple $      651,000.00 $      651,000.00 $                    -  
Partnered - combined $      997,500.00 $      997,500.00 $                    -  
Illness Separated - combined $   1,161,000.00 $   1,161,000.00 $                    -  
High Limit (without RA) Limit 
Not a Member of a Couple $      875,500.00 $      875,500.00 $                    -  
Partnered - combined $   1,222,000.00 $   1,222,000.00 $                    -  
Illness Separated - combined $   1,385,500.00 $   1,385,500.00 $                    -  
    
Assets at which minimum payment paid (non-transitional)   
Homeowner Limit 
Not a Member of a Couple $      604,000.00 $      604,000.00 $                    -  
Partnered - combined $      907,500.00 $      907,500.00 $                    -  
Illness Separated - combined $   1,067,000.00 $   1,067,000.00 $                    -  
Non-homeowner Limit 
Not a Member of a Couple $      828,500.00 $      828,500.00 $                    -  
Partnered - combined $   1,132,000.00 $   1,132,000.00 $                    -  
Illness Separated - combined $   1,291,500.00 $   1,291,500.00 $                    -  
    
Assets at which minimum payment paid (transitional)   
Homeowner Limit 
Not a Member of a Couple $      547,250.00 $      547,250.00 $                    -  
Partnered - combined $      852,500.00 $      852,500.00 $                    -  
Illness Separated - combined $      953,500.00 $      953,500.00 $                    -  
Non-homeowner Limit 
Not a Member of a Couple $      771,750.00 $      771,750.00 $                    -  
Partnered - combined $   1,077,000.00 $   1,077,000.00 $                    -  
Illness Separated - combined $   1,178,000.00 $   1,178,000.00 $                    -  
    
Assets at which minimum payment paid (veteran payment)   
Homeowner Limit 
Not a Member of a Couple $      637,250.00 $      637,250.00 $                    -  
Partnered - combined $      977,000.00 $      977,000.00 $                    -  
Illness Separated - combined $   1,133,500.00 $   1,133,500.00 $                    -  
Non-homeowner Limit 
Not a Member of a Couple $      861,750.00 $      861,750.00 $                    -  
Partnered - combined $   1,201,500.00 $   1,201,500.00 $                    -  
Illness Separated - combined $   1,358,000.00 $   1,358,000.00 $                    -  
    
Assets at which ISS reduces (non-transitional)   
Homeowner Limit 
Not a Member of a Couple $      514,500.00 $      514,500.00 $                    -  
Partnered - combined $      721,500.00 $      721,500.00 $                    -  
Illness Separated - combined $      888,000.00 $      888,000.00 $                    -  
Non-homeowner Limit 
Not a Member of a Couple $      739,000.00 $      739,000.00 $                    -  
Partnered - combined $      946,000.00 $      946,000.00 $                    -  
Illness Separated - combined $   1,112,500.00 $   1,112,500.00 $                    -  
    
Assets at which ISS reduces (transitional)   
Homeowner Limit 
Not a Member of a Couple $      457,750.00 $      457,750.00 $                    -  
Partnered - combined $      666,500.00 $      666,500.00 $                    -  
Illness Separated - combined $      774,500.00 $      774,500.00 $                    -  
Non-homeowner Limit 
Not a Member of a Couple $      682,250.00 $      682,250.00 $                    -  
Partnered - combined $      891,000.00 $      891,000.00 $                    -  
Illness Separated - combined $      999,000.00 $      999,000.00 $                    -