You are here

Income support asset limits 1 July 2021

Document
 Old rateNew RateDifference
Income support asset limits20/03/202101/07/2021 
Assets value limit   
Homeowner Limit 
Single $    268,000.00 $    270,500.00 $      2,500.00
Partnered (each) including illness separated and respite care $    200,750.00 $    202,500.00 $      1,750.00
Non-homeowner Limit 
Single $    482,500.00 $    487,000.00 $      4,500.00
Partnered (each) including illness separated and respite care $    308,000.00 $    310,750.00 $      2,750.00
    
Extra allowable amount Limit 
Extra allowable amount $    214,500.00 $    216,500.00 $      2,000.00
    
Asset Levels at which SP/AP ceases (non-transitional)   
Low Limit Limit 
Not a Member of a Couple $    585,750.00 $    588,250.00 $      2,500.00
Partnered - combined $    880,500.00 $    884,000.00 $      3,500.00
Illness Separated - combined $  1,037,000.00 $  1,040,500.00 $      3,500.00
High Limit (without RA) Limit 
Not a Member of a Couple $    800,250.00 $    804,750.00 $      4,500.00
Partnered - combined $  1,095,000.00 $  1,100,500.00 $      5,500.00
Illness Separated - combined $  1,251,500.00 $  1,257,000.00 $      5,500.00
    
Asset Levels at which ISS ceases (non-transitional)   
Low Limit Limit 
Not a Member of a Couple $    581,000.00 $    583,500.00 $      2,500.00
Partnered - combined $    873,500.00 $    877,000.00 $      3,500.00
Illness Separated - combined $  1,027,500.00 $  1,031,000.00 $      3,500.00
High Limit (without RA) Limit 
Not a Member of a Couple $    795,500.00 $    800,000.00 $      4,500.00
Partnered - combined $  1,088,000.00 $  1,093,500.00 $      5,500.00
Illness Separated - combined $  1,242,000.00 $  1,247,500.00 $      5,500.00
    
Asset Levels at which SP/AP ceases (transitional)   
Low Limit Limit 
Not a Member of a Couple $    533,500.00 $    536,000.00 $      2,500.00
Partnered - combined $    830,000.00 $    833,500.00 $      3,500.00
Illness Separated - combined $    932,500.00 $    936,000.00 $      3,500.00
High Limit (without RA) Limit 
Not a Member of a Couple $    748,000.00 $    752,500.00 $      4,500.00
Partnered - combined $  1,044,500.00 $  1,050,000.00 $      5,500.00
Illness Separated - combined $  1,147,000.00 $  1,152,500.00 $      5,500.00
    
Asset Levels at which ISS ceases (transitional)   
Low Limit Limit 
Not a Member of a Couple $    528,750.00 $    531,250.00 $      2,500.00
Partnered - combined $    823,000.00 $    826,500.00 $      3,500.00
Illness Separated - combined $    923,000.00 $    926,500.00 $      3,500.00
High Limit (without RA) Limit 
Not a Member of a Couple $    743,250.00 $    747,750.00 $      4,500.00
Partnered - combined $  1,037,500.00 $  1,043,000.00 $      5,500.00
Illness Separated - combined $  1,137,500.00 $  1,143,000.00 $      5,500.00
    
Asset Levels at which VP ceases   
Low Limit Limit 
Not a Member of a Couple $    611,750.00 $    614,250.00 $      2,500.00
Partnered - combined $    937,500.00 $    941,000.00 $      3,500.00
Illness Separated - combined $  1,089,000.00 $  1,092,500.00 $      3,500.00
High Limit (without RA) Limit 
Not a Member of a Couple $    826,250.00 $    830,750.00 $      4,500.00
Partnered - combined $  1,152,000.00 $  1,157,500.00 $      5,500.00
Illness Separated - combined $  1,303,500.00 $  1,309,000.00 $      5,500.00
    
Assets at which minimum payment paid (non-transitional)   
Homeowner Limit 
Not a Member of a Couple $    568,500.00 $    571,000.00 $      2,500.00
Partnered - combined $    854,500.00 $    858,000.00 $      3,500.00
Illness Separated - combined $  1,002,500.00 $  1,006,000.00 $      3,500.00
Non-homeowner Limit 
Not a Member of a Couple $    783,000.00 $    787,500.00 $      4,500.00
Partnered - combined $  1,069,000.00 $  1,074,500.00 $      5,500.00
Illness Separated - combined $  1,217,000.00 $  1,222,500.00 $      5,500.00
    
Assets at which minimum payment paid (transitional)   
Homeowner Limit 
Not a Member of a Couple $    516,250.00 $    518,750.00 $      2,500.00
Partnered - combined $    804,000.00 $    807,500.00 $      3,500.00
Illness Separated - combined $    898,000.00 $    901,500.00 $      3,500.00
Non-homeowner Limit 
Not a Member of a Couple $    730,750.00 $    735,250.00 $      4,500.00
Partnered - combined $  1,018,500.00 $  1,024,000.00 $      5,500.00
Illness Separated - combined $  1,112,500.00 $  1,118,000.00 $      5,500.00
    
Assets at which minimum payment paid (veteran payment)   
Homeowner Limit 
Not a Member of a Couple $    599,250.00 $    601,750.00 $      2,500.00
Partnered - combined $    918,500.00 $    922,000.00 $      3,500.00
Illness Separated - combined $  1,064,000.00 $  1,067,500.00 $      3,500.00
Non-homeowner Limit 
Not a Member of a Couple $    813,750.00 $    818,250.00 $      4,500.00
Partnered - combined $  1,133,000.00 $  1,138,500.00 $      5,500.00
Illness Separated - combined $  1,278,500.00 $  1,284,000.00 $      5,500.00
    
Assets at which ISS reduces (non-transitional)   
Homeowner Limit 
Not a Member of a Couple $    485,500.00 $    488,000.00 $      2,500.00
Partnered - combined $    682,000.00 $    685,500.00 $      3,500.00
Illness Separated - combined $    836,500.00 $    840,000.00 $      3,500.00
Non-homeowner Limit 
Not a Member of a Couple $    700,000.00 $    704,500.00 $      4,500.00
Partnered - combined $    896,500.00 $    902,000.00 $      5,500.00
Illness Separated - combined $  1,051,000.00 $  1,056,500.00 $      5,500.00
    
Assets at which ISS reduces (transitional)   
Homeowner Limit 
Not a Member of a Couple $    433,250.00 $    435,750.00 $      2,500.00
Partnered - combined $    631,500.00 $    635,000.00 $      3,500.00
Illness Separated - combined $    732,000.00 $    735,500.00 $      3,500.00
Non-homeowner Limit 
Not a Member of a Couple $    647,750.00 $    652,250.00 $      4,500.00
Partnered - combined $    846,000.00 $    851,500.00 $      5,500.00
Illness Separated - combined $    946,500.00 $    952,000.00 $      5,500.00