| Old rate | New Rate | Difference |
Income support asset limits | 20/09/2022 | 01/01/2023 | |
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 | $ - |