|
Old rate |
New Rate |
Difference |
Income support asset limits |
20/03/2015 |
01/07/2015 |
|
Assets value limit |
|
|
|
Homeowner |
|
Limit |
|
Single |
$202,000.00 |
$205,500.00 |
$3,500.00 |
Partnered (each) including illness separated and respite care |
$143,250.00 |
$145,750.00 |
$2,500.00 |
Non-homeowner |
|
Limit |
|
Single |
$348,500.00 |
$354,500.00 |
$6,000.00 |
Partnered (each) including illness separated and respite care |
$216,500.00 |
$220,250.00 |
$3,750.00 |
|
|
|
|
Extra allowable amount |
|
Limit |
|
Extra allowable amount |
$146,500.00 |
$149,000.00 |
$2,500.00 |
|
|
|
|
Asset Levels at which SP/AP ceases (non-transitional) |
|
|
|
Low Limit |
|
Limit |
|
Not a Member of a Couple |
$775,500.00 |
$779,000.00 |
$3,500.00 |
Partnered - combined |
$1,151,500.00 |
$1,156,500.00 |
$5,000.00 |
Illness Separated - combined |
$1,433,500.00 |
$1,438,500.00 |
$5,000.00 |
High Limit (without RA) |
|
Limit |
|
Not a Member of a Couple |
$922,000.00 |
$928,000.00 |
$6,000.00 |
Partnered - combined |
$1,298,000.00 |
$1,305,500.00 |
$7,500.00 |
Illness Separated - combined |
$1,580,000.00 |
$1,587,500.00 |
$7,500.00 |
|
|
|
|
Asset Levels at which ISS ceases (non-transitional) |
|
|
|
Low Limit |
|
Limit |
|
Not a Member of a Couple |
$766,250.00 |
$769,750.00 |
$3,500.00 |
Partnered - combined |
$1,137,000.00 |
$1,142,000.00 |
$5,000.00 |
Illness Separated - combined |
$1,415,000.00 |
$1,420,000.00 |
$5,000.00 |
High Limit (without RA) |
|
Limit |
|
Not a Member of a Couple |
$912,750.00 |
$918,750.00 |
$6,000.00 |
Partnered - combined |
$1,283,500.00 |
$1,291,000.00 |
$7,500.00 |
Illness Separated - combined |
$1,561,500.00 |
$1,569,000.00 |
$7,500.00 |
|
|
|
|
Asset Levels at which SP/AP ceases (transitional) |
|
|
|
Low Limit |
|
Limit |
|
Not a Member of a Couple |
$686,000.00 |
$689,500.00 |
$3,500.00 |
Partnered - combined |
$1,067,500.00 |
$1,072,500.00 |
$5,000.00 |
Illness Separated - combined |
$1,254,500.00 |
$1,259,500.00 |
$5,000.00 |
High Limit (without RA) |
|
Limit |
|
Not a Member of a Couple |
$832,500.00 |
$838,500.00 |
$6,000.00 |
Partnered - combined |
$1,214,000.00 |
$1,221,500.00 |
$7,500.00 |
Illness Separated - combined |
$1,401,000.00 |
$1,408,500.00 |
$7,500.00 |
|
|
|
|
Asset Levels at which ISS ceases (transitional) |
|
|
|
Low Limit |
|
Limit |
|
Not a Member of a Couple |
$676,500.00 |
$680,000.00 |
$3,500.00 |
Partnered - combined |
$1,053,000.00 |
$1,058,000.00 |
$5,000.00 |
Illness Separated - combined |
$1,235,500.00 |
$1,240,500.00 |
$5,000.00 |
High Limit (without RA) |
|
Limit |
|
Not a Member of a Couple |
$823,000.00 |
$829,000.00 |
$6,000.00 |
Partnered - combined |
$1,199,500.00 |
$1,207,000.00 |
$7,500.00 |
Illness Separated - combined |
$1,382,000.00 |
$1,389,500.00 |
$7,500.00 |
|
|
|
|
Assets at which minimum payment paid (non-transitional) |
|
|
|
Homeowner |
|
Limit |
|
Not a Member of a Couple |
$743,250.00 |
$746,750.00 |
$3,500.00 |
Partnered - combined |
$1,102,500.00 |
$1,107,500.00 |
$5,000.00 |
Illness Separated - combined |
$1,369,000.00 |
$1,374,000.00 |
$5,000.00 |
Non-homeowner |
|
Limit |
|
Not a Member of a Couple |
$889,750.00 |
$895,750.00 |
$6,000.00 |
Partnered - combined |
$1,249,000.00 |
$1,256,500.00 |
$7,500.00 |
Illness Separated - combined |
$1,515,500.00 |
$1,523,000.00 |
$7,500.00 |
|
|
|
|
Assets at which minimum payment paid (transitional) |
|
|
|
Homeowner |
|
Limit |
|
Not a Member of a Couple |
$653,750.00 |
$657,250.00 |
$3,500.00 |
Partnered - combined |
$1,018,500.00 |
$1,023,500.00 |
$5,000.00 |
Illness Separated - combined |
$1,190,000.00 |
$1,195,000.00 |
$5,000.00 |
Non-homeowner |
|
Limit |
|
Not a Member of a Couple |
$800,250.00 |
$806,250.00 |
$6,000.00 |
Partnered - combined |
$1,165,000.00 |
$1,172,500.00 |
$7,500.00 |
Illness Separated - combined |
$1,336,500.00 |
$1,344,000.00 |
$7,500.00 |
|
|
|
|
Assets at which ISS reduces (non-transitional) |
|
|
|
Homeowner |
|
Limit |
|
Not a Member of a Couple |
$594,250.00 |
$597,750.00 |
$3,500.00 |
Partnered - combined |
$793,500.00 |
$798,500.00 |
$5,000.00 |
Illness Separated - combined |
$1,071,000.00 |
$1,076,000.00 |
$5,000.00 |
Non-homeowner |
|
Limit |
|
Not a Member of a Couple |
$740,750.00 |
$746,750.00 |
$6,000.00 |
Partnered - combined |
$940,000.00 |
$947,500.00 |
$7,500.00 |
Illness Separated - combined |
$1,217,500.00 |
$1,225,000.00 |
$7,500.00 |
|
|
|
|
Assets at which ISS reduces (transitional) |
|
|
|
Homeowner |
|
Limit |
|
Not a Member of a Couple |
$504,750.00 |
$508,250.00 |
$3,500.00 |
Partnered - combined |
$709,500.00 |
$714,500.00 |
$5,000.00 |
Illness Separated - combined |
$892,000.00 |
$897,000.00 |
$5,000.00 |
Non-homeowner |
|
Limit |
|
Not a Member of a Couple |
$651,250.00 |
$657,250.00 |
$6,000.00 |
Partnered - combined |
$856,000.00 |
$863,500.00 |
$7,500.00 |
Illness Separated - combined |
$1,038,500.00 |
$1,046,000.00 |
$7,500.00 |