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Income support asset limits 1 July 2020

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 Old rateNew RateDifference
Income support asset limits20/03/202001/07/2020 
Assets value limit   
Homeowner Limit 
Single $    263,250.00 $    268,000.00 $      4,750.00
Partnered (each) including illness separated and respite care $    197,250.00 $    200,750.00 $      3,500.00
Non-homeowner Limit 
Single $    473,750.00 $    482,500.00 $      8,750.00
Partnered (each) including illness separated and respite care $    302,500.00 $    308,000.00 $      5,500.00
    
Extra allowable amount Limit 
Extra allowable amount $    210,500.00 $    214,500.00 $      4,000.00
    
Asset Levels at which SP/AP ceases (non-transitional)   
Low Limit Limit 
Not a Member of a Couple $    578,250.00 $    583,000.00 $      4,750.00
Partnered - combined $    869,500.00 $    876,500.00 $      7,000.00
Illness Separated - combined $  1,024,500.00 $  1,031,500.00 $      7,000.00
High Limit (without RA) Limit 
Not a Member of a Couple $    788,750.00 $    797,500.00 $      8,750.00
Partnered - combined $  1,080,000.00 $  1,091,000.00 $    11,000.00
Illness Separated - combined $  1,235,000.00 $  1,246,000.00 $    11,000.00
    
Asset Levels at which ISS ceases (non-transitional)   
Low Limit Limit 
Not a Member of a Couple $    573,500.00 $    578,250.00 $      4,750.00
Partnered - combined $    862,000.00 $    869,000.00 $      7,000.00
Illness Separated - combined $  1,015,000.00 $  1,022,000.00 $      7,000.00
High Limit (without RA) Limit 
Not a Member of a Couple $    784,000.00 $    792,750.00 $      8,750.00
Partnered - combined $  1,072,500.00 $  1,083,500.00 $    11,000.00
Illness Separated - combined $  1,225,500.00 $  1,236,500.00 $    11,000.00
    
Asset Levels at which SP/AP ceases (transitional)   
Low Limit Limit 
Not a Member of a Couple $    526,500.00 $    531,250.00 $      4,750.00
Partnered - combined $    819,500.00 $    826,500.00 $      7,000.00
Illness Separated - combined $    921,000.00 $    928,000.00 $      7,000.00
High Limit (without RA) Limit 
Not a Member of a Couple $    737,000.00 $    745,750.00 $      8,750.00
Partnered - combined $  1,030,000.00 $  1,041,000.00 $    11,000.00
Illness Separated - combined $  1,131,500.00 $  1,142,500.00 $    11,000.00
    
Asset Levels at which ISS ceases (transitional)   
Low Limit Limit 
Not a Member of a Couple $    521,750.00 $    526,500.00 $      4,750.00
Partnered - combined $    812,000.00 $    819,000.00 $      7,000.00
Illness Separated - combined $    911,500.00 $    918,500.00 $      7,000.00
High Limit (without RA) Limit 
Not a Member of a Couple $    732,250.00 $    741,000.00 $      8,750.00
Partnered - combined $  1,022,500.00 $  1,033,500.00 $    11,000.00
Illness Separated - combined $  1,122,000.00 $  1,133,000.00 $    11,000.00
    
Asset Levels at which VP ceases   
Low Limit Limit 
Not a Member of a Couple $    604,000.00 $    608,750.00 $      4,750.00
Partnered - combined $    925,500.00 $    932,500.00 $      7,000.00
Illness Separated - combined $  1,076,000.00 $  1,083,000.00 $      7,000.00
High Limit (without RA) Limit 
Not a Member of a Couple $    814,500.00 $    823,250.00 $      8,750.00
Partnered - combined $  1,136,000.00 $  1,147,000.00 $    11,000.00
Illness Separated - combined $  1,286,500.00 $  1,297,500.00 $    11,000.00
    
Assets at which minimum payment paid (non-transitional)   
Homeowner Limit 
Not a Member of a Couple $    561,000.00 $    565,750.00 $      4,750.00
Partnered - combined $    843,500.00 $    850,500.00 $      7,000.00
Illness Separated - combined $    990,000.00 $    997,000.00 $      7,000.00
Non-homeowner Limit 
Not a Member of a Couple $    771,500.00 $    780,250.00 $      8,750.00
Partnered - combined $  1,054,000.00 $  1,065,000.00 $    11,000.00
Illness Separated - combined $  1,200,500.00 $  1,211,500.00 $    11,000.00
    
Assets at which minimum payment paid (transitional)   
Homeowner Limit 
Not a Member of a Couple $    509,250.00 $    514,000.00 $      4,750.00
Partnered - combined $    793,500.00 $    800,500.00 $      7,000.00
Illness Separated - combined $    886,500.00 $    893,500.00 $      7,000.00
Non-homeowner Limit 
Not a Member of a Couple $    719,750.00 $    728,500.00 $      8,750.00
Partnered - combined $  1,004,000.00 $  1,015,000.00 $    11,000.00
Illness Separated - combined $  1,097,000.00 $  1,108,000.00 $    11,000.00
    
Assets at which minimum payment paid (veteran payment)   
Homeowner Limit 
Not a Member of a Couple $    591,500.00 $    596,250.00 $      4,750.00
Partnered - combined $    907,000.00 $    914,000.00 $      7,000.00
Illness Separated - combined $  1,051,000.00 $  1,058,000.00 $      7,000.00
Non-homeowner Limit 
Not a Member of a Couple $    802,000.00 $    810,750.00 $      8,750.00
Partnered - combined $  1,117,500.00 $  1,128,500.00 $    11,000.00
Illness Separated - combined $  1,261,500.00 $  1,272,500.00 $    11,000.00
    
Assets at which ISS reduces (non-transitional)   
Homeowner Limit 
Not a Member of a Couple $    478,750.00 $    483,500.00 $      4,750.00
Partnered - combined $    672,500.00 $    679,500.00 $      7,000.00
Illness Separated - combined $    825,500.00 $    832,500.00 $      7,000.00
Non-homeowner Limit 
Not a Member of a Couple $    689,250.00 $    698,000.00 $      8,750.00
Partnered - combined $    883,000.00 $    894,000.00 $    11,000.00
Illness Separated - combined $  1,036,000.00 $  1,047,000.00 $    11,000.00
    
Assets at which ISS reduces (transitional)   
Homeowner Limit 
Not a Member of a Couple $    427,000.00 $    431,750.00 $      4,750.00
Partnered - combined $    622,500.00 $    629,500.00 $      7,000.00
Illness Separated - combined $    722,000.00 $    729,000.00 $      7,000.00
Non-homeowner Limit 
Not a Member of a Couple $    637,500.00 $    646,250.00 $      8,750.00
Partnered - combined $    833,000.00 $    844,000.00 $    11,000.00
Illness Separated - combined $    932,500.00 $    943,500.00 $    11,000.00