|
Old rate |
New Rate |
Difference |
Income support asset limits |
01/01/2015 |
20/03/2015 |
|
Assets value limit |
|
|
|
Homeowner |
|
Limit |
|
Single |
$202,000.00 |
$202,000.00 |
$0.00 |
Partnered (each) including illness separated and respite care |
$143,250.00 |
$143,250.00 |
$0.00 |
Non-homeowner |
|
Limit |
|
Single |
$348,500.00 |
$348,500.00 |
$0.00 |
Partnered (each) including illness separated and respite care |
$216,500.00 |
$216,500.00 |
$0.00 |
|
|
|
|
Extra allowable amount |
|
Limit |
|
Extra allowable amount |
$146,500.00 |
$146,500.00 |
$0.00 |
|
|
|
|
Asset Levels at which SP/AP ceases (non-transitional) |
|
|
|
Low Limit |
|
Limit |
|
Not a Member of a Couple |
$771,750.00 |
$775,500.00 |
$3,750.00 |
Partnered - combined |
$1,145,500.00 |
$1,151,500.00 |
$6,000.00 |
Illness Separated - combined |
$1,426,000.00 |
$1,433,500.00 |
$7,500.00 |
High Limit (without RA) |
|
Limit |
|
Not a Member of a Couple |
$918,250.00 |
$922,000.00 |
$3,750.00 |
Partnered - combined |
$1,292,000.00 |
$1,298,000.00 |
$6,000.00 |
Illness Separated - combined |
$1,572,500.00 |
$1,580,000.00 |
$7,500.00 |
|
|
|
|
Asset Levels at which ISS ceases (non-transitional) |
|
|
|
Low Limit |
|
Limit |
|
Not a Member of a Couple |
$762,250.00 |
$766,250.00 |
$4,000.00 |
Partnered - combined |
$1,131,500.00 |
$1,137,000.00 |
$5,500.00 |
Illness Separated - combined |
$1,407,000.00 |
$1,415,000.00 |
$8,000.00 |
High Limit (without RA) |
|
Limit |
|
Not a Member of a Couple |
$908,750.00 |
$912,750.00 |
$4,000.00 |
Partnered - combined |
$1,278,000.00 |
$1,283,500.00 |
$5,500.00 |
Illness Separated - combined |
$1,553,500.00 |
$1,561,500.00 |
$8,000.00 |
|
|
|
|
Asset Levels at which SP/AP ceases (transitional) |
|
|
|
Low Limit |
|
Limit |
|
Not a Member of a Couple |
$682,750.00 |
$686,000.00 |
$3,250.00 |
Partnered - combined |
$1,062,000.00 |
$1,067,500.00 |
$5,500.00 |
Illness Separated - combined |
$1,248,000.00 |
$1,254,500.00 |
$6,500.00 |
High Limit (without RA) |
|
Limit |
|
Not a Member of a Couple |
$829,250.00 |
$832,500.00 |
$3,250.00 |
Partnered - combined |
$1,208,500.00 |
$1,214,000.00 |
$5,500.00 |
Illness Separated - combined |
$1,394,500.00 |
$1,401,000.00 |
$6,500.00 |
|
|
|
|
Asset Levels at which ISS ceases (transitional) |
|
|
|
Low Limit |
|
Limit |
|
Not a Member of a Couple |
$673,250.00 |
$676,500.00 |
$3,250.00 |
Partnered - combined |
$1,048,000.00 |
$1,053,000.00 |
$5,000.00 |
Illness Separated - combined |
$1,229,000.00 |
$1,235,500.00 |
$6,500.00 |
High Limit (without RA) |
|
Limit |
|
Not a Member of a Couple |
$819,750.00 |
$823,000.00 |
$3,250.00 |
Partnered - combined |
$1,194,500.00 |
$1,199,500.00 |
$5,000.00 |
Illness Separated - combined |
$1,375,500.00 |
$1,382,000.00 |
$6,500.00 |
|
|
|
|
Assets at which minimum payment paid (non-transitional) |
|
|
|
Homeowner |
|
Limit |
|
Not a Member of a Couple |
$739,500.00 |
$743,250.00 |
$3,750.00 |
Partnered - combined |
$1,097,000.00 |
$1,102,500.00 |
$5,500.00 |
Illness Separated - combined |
$1,361,500.00 |
$1,369,000.00 |
$7,500.00 |
Non-homeowner |
|
Limit |
|
Not a Member of a Couple |
$886,000.00 |
$889,750.00 |
$3,750.00 |
Partnered - combined |
$1,243,500.00 |
$1,249,000.00 |
$5,500.00 |
Illness Separated - combined |
$1,508,000.00 |
$1,515,500.00 |
$7,500.00 |
|
|
|
|
Assets at which minimum payment paid (transitional) |
|
|
|
Homeowner |
|
Limit |
|
Not a Member of a Couple |
$650,500.00 |
$653,750.00 |
$3,250.00 |
Partnered - combined |
$1,013,500.00 |
$1,018,500.00 |
$5,000.00 |
Illness Separated - combined |
$1,183,500.00 |
$1,190,000.00 |
$6,500.00 |
Non-homeowner |
|
Limit |
|
Not a Member of a Couple |
$797,000.00 |
$800,250.00 |
$3,250.00 |
Partnered - combined |
$1,160,000.00 |
$1,165,000.00 |
$5,000.00 |
Illness Separated - combined |
$1,330,000.00 |
$1,336,500.00 |
$6,500.00 |
|
|
|
|
Assets at which ISS reduces (non-transitional) |
|
|
|
Homeowner |
|
Limit |
|
Not a Member of a Couple |
$591,500.00 |
$594,250.00 |
$2,750.00 |
Partnered - combined |
$790,000.00 |
$793,500.00 |
$3,500.00 |
Illness Separated - combined |
$1,065,500.00 |
$1,071,000.00 |
$5,500.00 |
Non-homeowner |
|
Limit |
|
Not a Member of a Couple |
$738,000.00 |
$740,750.00 |
$2,750.00 |
Partnered - combined |
$936,500.00 |
$940,000.00 |
$3,500.00 |
Illness Separated - combined |
$1,212,000.00 |
$1,217,500.00 |
$5,500.00 |
|
|
|
|
Assets at which ISS reduces (transitional) |
|
|
|
Homeowner |
|
Limit |
|
Not a Member of a Couple |
$502,750.00 |
$504,750.00 |
$2,000.00 |
Partnered - combined |
$706,500.00 |
$709,500.00 |
$3,000.00 |
Illness Separated - combined |
$888,000.00 |
$892,000.00 |
$4,000.00 |
Non-homeowner |
|
Limit |
|
Not a Member of a Couple |
$649,250.00 |
$651,250.00 |
$2,000.00 |
Partnered - combined |
$853,000.00 |
$856,000.00 |
$3,000.00 |
Illness Separated - combined |
$1,034,500.00 |
$1,038,500.00 |
$4,000.00 |