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Income support asset limits 1 July 2022

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 Old rateNew RateDifference
Income support asset limits20/03/202201/07/2022 
Assets value limit   
Homeowner Limit 
Single $    270,500.00 $    280,000.00 $      9,500.00
Partnered (each) including illness separated and respite care $    202,500.00 $    209,500.00 $      7,000.00
Non-homeowner Limit 
Single $    487,000.00 $    504,500.00 $    17,500.00
Partnered (each) including illness separated and respite care $    310,750.00 $    321,750.00 $    11,000.00
    
Extra allowable amount Limit 
Extra allowable amount $    216,500.00 $    224,500.00 $      8,000.00
    
Asset Levels at which SP/AP ceases (non-transitional)   
Low Limit Limit 
Not a Member of a Couple $    599,750.00 $    609,250.00 $      9,500.00
Partnered - combined $    901,500.00 $    915,500.00 $    14,000.00
Illness Separated - combined $  1,063,500.00 $  1,077,500.00 $    14,000.00
High Limit (without RA) Limit 
Not a Member of a Couple $    816,250.00 $    833,750.00 $    17,500.00
Partnered - combined $  1,118,000.00 $  1,140,000.00 $    22,000.00
Illness Separated - combined $  1,280,000.00 $  1,302,000.00 $    22,000.00
    
Asset Levels at which ISS ceases (non-transitional)   
Low Limit Limit 
Not a Member of a Couple $    595,000.00 $    604,500.00 $      9,500.00
Partnered - combined $    894,500.00 $    908,500.00 $    14,000.00
Illness Separated - combined $  1,054,000.00 $  1,068,000.00 $    14,000.00
High Limit (without RA) Limit 
Not a Member of a Couple $    811,500.00 $    829,000.00 $    17,500.00
Partnered - combined $  1,111,000.00 $  1,133,000.00 $    22,000.00
Illness Separated - combined $  1,270,500.00 $  1,292,500.00 $    22,000.00
    
Asset Levels at which SP/AP ceases (transitional)   
Low Limit Limit 
Not a Member of a Couple $    545,250.00 $    554,750.00 $      9,500.00
Partnered - combined $    848,500.00 $    862,500.00 $    14,000.00
Illness Separated - combined $    954,500.00 $    968,500.00 $    14,000.00
High Limit (without RA) Limit 
Not a Member of a Couple $    761,750.00 $    779,250.00 $    17,500.00
Partnered - combined $  1,065,000.00 $  1,087,000.00 $    22,000.00
Illness Separated - combined $  1,171,000.00 $  1,193,000.00 $    22,000.00
    
Asset Levels at which ISS ceases (transitional)   
Low Limit Limit 
Not a Member of a Couple $    540,500.00 $    550,000.00 $      9,500.00
Partnered - combined $    841,500.00 $    855,500.00 $    14,000.00
Illness Separated - combined $    945,000.00 $    959,000.00 $    14,000.00
High Limit (without RA) Limit 
Not a Member of a Couple $    757,000.00 $    774,500.00 $    17,500.00
Partnered - combined $  1,058,000.00 $  1,080,000.00 $    22,000.00
Illness Separated - combined $  1,161,500.00 $  1,183,500.00 $    22,000.00
    
Asset Levels at which VP ceases   
Low Limit Limit 
Not a Member of a Couple $    627,000.00 $    636,500.00 $      9,500.00
Partnered - combined $    961,000.00 $    975,000.00 $    14,000.00
Illness Separated - combined $  1,118,000.00 $  1,132,000.00 $    14,000.00
High Limit (without RA) Limit 
Not a Member of a Couple $    843,500.00 $    861,000.00 $    17,500.00
Partnered - combined $  1,177,500.00 $  1,199,500.00 $    22,000.00
Illness Separated - combined $  1,334,500.00 $  1,356,500.00 $    22,000.00
    
Assets at which minimum payment paid (non-transitional)   
Homeowner Limit 
Not a Member of a Couple $    582,000.00 $    591,500.00 $      9,500.00
Partnered - combined $    875,000.00 $    889,000.00 $    14,000.00
Illness Separated - combined $  1,028,000.00 $  1,042,000.00 $    14,000.00
Non-homeowner Limit 
Not a Member of a Couple $    798,500.00 $    816,000.00 $    17,500.00
Partnered - combined $  1,091,500.00 $  1,113,500.00 $    22,000.00
Illness Separated - combined $  1,244,500.00 $  1,266,500.00 $    22,000.00
    
Assets at which minimum payment paid (transitional)   
Homeowner Limit 
Not a Member of a Couple $    527,500.00 $    537,000.00 $      9,500.00
Partnered - combined $    821,500.00 $    835,500.00 $    14,000.00
Illness Separated - combined $    919,000.00 $    933,000.00 $    14,000.00
Non-homeowner Limit 
Not a Member of a Couple $    744,000.00 $    761,500.00 $    17,500.00
Partnered - combined $  1,038,000.00 $  1,060,000.00 $    22,000.00
Illness Separated - combined $  1,135,500.00 $  1,157,500.00 $    22,000.00
    
Assets at which minimum payment paid (veteran payment)   
Homeowner Limit 
Not a Member of a Couple $    614,000.00 $    623,500.00 $      9,500.00
Partnered - combined $    941,000.00 $    955,000.00 $    14,000.00
Illness Separated - combined $  1,092,000.00 $  1,106,000.00 $    14,000.00
Non-homeowner Limit 
Not a Member of a Couple $    830,500.00 $    848,000.00 $    17,500.00
Partnered - combined $  1,157,500.00 $  1,179,500.00 $    22,000.00
Illness Separated - combined $  1,308,500.00 $  1,330,500.00 $    22,000.00
    
Assets at which ISS reduces (non-transitional)   
Homeowner Limit 
Not a Member of a Couple $    496,000.00 $    505,500.00 $      9,500.00
Partnered - combined $    696,000.00 $    710,000.00 $    14,000.00
Illness Separated - combined $    856,000.00 $    870,000.00 $    14,000.00
Non-homeowner Limit 
Not a Member of a Couple $    712,500.00 $    730,000.00 $    17,500.00
Partnered - combined $    912,500.00 $    934,500.00 $    22,000.00
Illness Separated - combined $  1,072,500.00 $  1,094,500.00 $    22,000.00
    
Assets at which ISS reduces (transitional)   
Homeowner Limit 
Not a Member of a Couple $    441,500.00 $    451,000.00 $      9,500.00
Partnered - combined $    643,000.00 $    657,000.00 $    14,000.00
Illness Separated - combined $    747,000.00 $    761,000.00 $    14,000.00
Non-homeowner Limit 
Not a Member of a Couple $    658,000.00 $    675,500.00 $    17,500.00
Partnered - combined $    859,500.00 $    881,500.00 $    22,000.00
Illness Separated - combined $    963,500.00 $    985,500.00 $    22,000.00