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Financial assets and deeming 1 July 2021
Document
| Old rate | New Rate | Difference | |
| Financial assets and deeming | 20/03/2021 | 01/07/2021 | |
| Deeming thresholds | Limit | ||
| Single | $ 53,000.00 | $ 53,600.00 | $ 600.00 |
| Partnered (combined), including illness separated and respite care | $ 88,000.00 | $ 89,000.00 | $ 1,000.00 |
| Deeming rates | |||
| Low deeming rate | 0.25% | 0.25% | N/A |
| High deeming rate | 2.25% | 2.25% | N/A |
| Financial asset notification limits (non-transitional) | |||
| Single | Limit | ||
| Service pension max rate $ variation (homeowner) | $ 255,111.11 | $ 257,955.56 | $ 2,844.44 |
| Service pension max rate $ variation (non-homeowner) | $ 255,111.11 | $ 257,955.56 | $ 2,844.44 |
| ISS ceiling rate $ variation (homeowner) | $ 485,750.00 | $ 488,250.00 | $ 2,500.00 |
| ISS ceiling rate $ variation (non-homeowner) | $ 658,284.44 | $ 661,128.89 | $ 2,844.44 |
| Age pension max rate (homeowner) | $ 252,800.00 | $ 255,644.44 | $ 2,844.44 |
| Age pension max rate (non-homeowner) | $ 252,800.00 | $ 255,644.44 | $ 2,844.44 |
| 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) | $ 402,000.00 | $ 405,500.00 | $ 3,500.00 |
| Service pension max rate $ variation (non-homeowner) | $ 448,000.00 | $ 453,511.11 | $ 5,511.11 |
| ISS ceiling rate $ variation (homeowner) | $ 683,000.00 | $ 686,500.00 | $ 3,500.00 |
| ISS ceiling rate $ variation (non-homeowner) | $ 897,500.00 | $ 903,000.00 | $ 5,500.00 |
| Age pension max rate (homeowner) | $ 401,500.00 | $ 405,000.00 | $ 3,500.00 |
| Age pension max rate (non-homeowner) | $ 443,377.78 | $ 448,888.89 | $ 5,511.11 |
| 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) | $ 255,688.89 | $ 258,533.33 | $ 2,844.44 |
| Service pension max rate $ variation (non-homeowner) | $ 255,688.89 | $ 258,533.33 | $ 2,844.44 |
| ISS ceiling rate $ variation (homeowner) | $ 438,250.00 | $ 440,750.00 | $ 2,500.00 |
| ISS ceiling rate $ variation (non-homeowner) | $ 624,368.89 | $ 627,213.33 | $ 2,844.44 |
| Age pension max rate (homeowner) | $ 252,800.00 | $ 255,644.44 | $ 2,844.44 |
| Age pension max rate (non-homeowner) | $ 252,800.00 | $ 255,644.44 | $ 2,844.44 |
| 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) | $ 402,500.00 | $ 406,000.00 | $ 3,500.00 |
| Service pension max rate $ variation (non-homeowner) | $ 449,155.56 | $ 454,666.67 | $ 5,511.11 |
| ISS ceiling rate $ variation (homeowner) | $ 639,500.00 | $ 643,000.00 | $ 3,500.00 |
| ISS ceiling rate $ variation (non-homeowner) | $ 854,000.00 | $ 859,500.00 | $ 5,500.00 |
| Age pension max rate (homeowner) | $ 401,500.00 | $ 405,000.00 | $ 3,500.00 |
| Age pension max rate (non-homeowner) | $ 443,377.78 | $ 448,888.89 | $ 5,511.11 |
| Part rate $ variation (income) | $ 5,777.78 | $ 5,777.78 | $ - |
| Part rate $ variation (assets) | $ 750.00 | $ 750.00 | $ - |