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Financial assets and deeming 1 July 2022

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 Old rateNew RateDifference
Financial assets and deeming20/03/202201/07/2022 
Deeming thresholds Limit 
Single $      53,600.00 $      56,400.00 $      2,800.00
Partnered (combined), including illness separated and respite care $      89,000.00 $      93,600.00 $      4,600.00
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) $    257,955.56 $    272,000.00 $    14,044.44
Service pension max rate $ variation (non-homeowner) $    257,955.56 $    272,000.00 $    14,044.44
ISS ceiling rate $ variation (homeowner) $    496,250.00 $    505,750.00 $      9,500.00
ISS ceiling rate $ variation (non-homeowner) $    675,457.78 $    689,502.22 $    14,044.44
Age pension max rate (homeowner) $    255,644.44 $    269,688.89 $    14,044.44
Age pension max rate (non-homeowner) $    255,644.44 $    269,688.89 $    14,044.44
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) $    405,500.00 $    419,500.00 $    14,000.00
Service pension max rate $ variation (non-homeowner) $    453,511.11 $    476,088.89 $    22,577.78
ISS ceiling rate $ variation (homeowner) $    696,500.00 $    710,500.00 $    14,000.00
ISS ceiling rate $ variation (non-homeowner) $    913,000.00 $    935,000.00 $    22,000.00
Age pension max rate (homeowner) $    405,000.00 $    419,000.00 $    14,000.00
Age pension max rate (non-homeowner) $    448,888.89 $    471,466.67 $    22,577.78
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) $    258,533.33 $    272,577.78 $    14,044.44
Service pension max rate $ variation (non-homeowner) $    258,533.33 $    272,577.78 $    14,044.44
ISS ceiling rate $ variation (homeowner) $    446,500.00 $    456,000.00 $      9,500.00
ISS ceiling rate $ variation (non-homeowner) $    634,666.67 $    648,711.11 $    14,044.44
Age pension max rate (homeowner) $    255,644.44 $    269,688.89 $    14,044.44
Age pension max rate (non-homeowner) $    255,644.44 $    269,688.89 $    14,044.44
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) $    406,000.00 $    420,000.00 $    14,000.00
Service pension max rate $ variation (non-homeowner) $    454,666.67 $    477,244.44 $    22,577.78
ISS ceiling rate $ variation (homeowner) $    650,500.00 $    664,500.00 $    14,000.00
ISS ceiling rate $ variation (non-homeowner) $    867,000.00 $    889,000.00 $    22,000.00
Age pension max rate (homeowner) $    405,000.00 $    419,000.00 $    14,000.00
Age pension max rate (non-homeowner) $    448,888.89 $    471,466.67 $    22,577.78
Part rate $ variation (income) $        5,777.78 $        5,777.78 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -