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Financial assets and deeming 1 July 2020

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 Old RateNew rateDifference
Financial assets and deeming20/03/20201/05/2020 
Deeming thresholdsLimit  
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%0.25%-0.75%
High deeming rate3.00%2.25%-0.75%
    
Financial asset notification limits (non-transitional)   
SingleLimit  
Service pension max rate $ variation (homeowner) $    187,066.67 $    249,422.22 $    62,355.56
Service pension max rate $ variation (non-homeowner) $    187,066.67 $    249,422.22 $    62,355.56
ISS ceiling rate $ variation (homeowner) $    479,000.00 $    479,000.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    486,760.00 $    649,013.33 $  162,253.33
Age pension max rate (homeowner) $    185,333.33 $    247,111.11 $    61,777.78
Age pension max rate (non-homeowner) $    185,333.33 $    247,111.11 $    61,777.78
Part rate $ variation (income) $        1,733.33 $        2,311.11 $        577.78
Part rate $ variation (assets) $           500.00 $           500.00 $               -  
Partnered - combinedLimit  
Service pension max rate $ variation (homeowner) $    327,866.67 $    395,000.00 $    67,133.33
Service pension max rate $ variation (non-homeowner) $    327,866.67 $    437,155.56 $  109,288.89
ISS ceiling rate $ variation (homeowner) $    673,500.00 $    673,500.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    884,000.00 $    884,000.00 $               -  
Age pension max rate (homeowner) $    324,400.00 $    394,500.00 $    70,100.00
Age pension max rate (non-homeowner) $    324,400.00 $    432,533.33 $  108,133.33
Part rate $ variation (income) $        3,466.67 $        4,622.22 $      1,155.56
Part rate $ variation (assets) $           750.00 $           750.00 $               -  
    
Financial asset notification limits (transitional)   
SingleLimit  
Service pension max rate $ variation (homeowner) $    187,500.00 $    250,000.00 $    62,500.00
Service pension max rate $ variation (non-homeowner) $    187,500.00 $    250,000.00 $    62,500.00
ISS ceiling rate $ variation (homeowner) $    432,000.00 $    432,000.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    461,843.33 $    615,791.11 $  153,947.78
Age pension max rate (homeowner) $    185,333.33 $    247,111.11 $    61,777.78
Age pension max rate (non-homeowner) $    185,333.33 $    247,111.11 $    61,777.78
Part rate $ variation (income) $        2,166.67 $        2,888.89 $        722.22
Part rate $ variation (assets) $           500.00 $           500.00 $               -  
Partnered - combinedLimit  
Service pension max rate $ variation (homeowner) $    328,733.33 $    395,500.00 $    66,766.67
Service pension max rate $ variation (non-homeowner) $    328,733.33 $    438,311.11 $  109,577.78
ISS ceiling rate $ variation (homeowner) $    630,500.00 $    630,500.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    841,000.00 $    841,000.00 $               -  
Age pension max rate (homeowner) $    324,400.00 $    394,500.00 $    70,100.00
Age pension max rate (non-homeowner) $    324,400.00 $    432,533.33 $  108,133.33
Part rate $ variation (income) $        4,333.33 $        5,777.78 $      1,444.44
Part rate $ variation (assets) $           750.00 $           750.00 $               -  

 

 Old rateNew RateDifference
Financial assets and deeming1/05/202001/07/2020 
Deeming thresholds Limit 
Single $      51,800.00 $      53,000.00 $      1,200.00
Partnered (combined), including illness separated and respite care $      86,200.00 $      88,000.00 $      1,800.00
Deeming rates   
Low deeming rate0.25%0.25%N/A
High deeming rate2.25%2.25%N/A
    
Financial asset notification limits (non-transitional)   
Single Limit 
Service pension max rate $ variation (homeowner) $    249,422.22 $    255,111.11 $      5,688.89
Service pension max rate $ variation (non-homeowner) $    249,422.22 $    255,111.11 $      5,688.89
ISS ceiling rate $ variation (homeowner) $    479,000.00 $    483,750.00 $      4,750.00
ISS ceiling rate $ variation (non-homeowner) $    649,013.33 $    654,702.22 $      5,688.89
Age pension max rate (homeowner) $    247,111.11 $    252,800.00 $      5,688.89
Age pension max rate (non-homeowner) $    247,111.11 $    252,800.00 $      5,688.89
Part rate $ variation (income) $        2,311.11 $        2,311.11 $               -  
Part rate $ variation (assets) $           500.00 $           500.00 $               -  
Partnered - combined Limit 
Service pension max rate $ variation (homeowner) $    395,000.00 $    402,000.00 $      7,000.00
Service pension max rate $ variation (non-homeowner) $    437,155.56 $    448,000.00 $    10,844.44
ISS ceiling rate $ variation (homeowner) $    673,500.00 $    680,500.00 $      7,000.00
ISS ceiling rate $ variation (non-homeowner) $    884,000.00 $    895,000.00 $    11,000.00
Age pension max rate (homeowner) $    394,500.00 $    401,500.00 $      7,000.00
Age pension max rate (non-homeowner) $    432,533.33 $    443,377.78 $    10,844.44
Part rate $ variation (income) $        4,622.22 $        4,622.22 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -  
    
Financial asset notification limits (transitional)   
Single Limit 
Service pension max rate $ variation (homeowner) $    250,000.00 $    255,688.89 $      5,688.89
Service pension max rate $ variation (non-homeowner) $    250,000.00 $    255,688.89 $      5,688.89
ISS ceiling rate $ variation (homeowner) $    432,000.00 $    436,750.00 $      4,750.00
ISS ceiling rate $ variation (non-homeowner) $    615,791.11 $    621,480.00 $      5,688.89
Age pension max rate (homeowner) $    247,111.11 $    252,800.00 $      5,688.89
Age pension max rate (non-homeowner) $    247,111.11 $    252,800.00 $      5,688.89
Part rate $ variation (income) $        2,888.89 $        2,888.89 $               -  
Part rate $ variation (assets) $           500.00 $           500.00 $               -  
Partnered - combined Limit 
Service pension max rate $ variation (homeowner) $    395,500.00 $    402,500.00 $      7,000.00
Service pension max rate $ variation (non-homeowner) $    438,311.11 $    449,155.56 $    10,844.44
ISS ceiling rate $ variation (homeowner) $    630,500.00 $    637,500.00 $      7,000.00
ISS ceiling rate $ variation (non-homeowner) $    841,000.00 $    852,000.00 $    11,000.00
Age pension max rate (homeowner) $    394,500.00 $    401,500.00 $      7,000.00
Age pension max rate (non-homeowner) $    432,533.33 $    443,377.78 $    10,844.44
Part rate $ variation (income) $        5,777.78 $        5,777.78 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -