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Financial assets and deeming 20 March 2020

Document
 Old rateNew RateDifference
Financial assets and deeming01/01/202020/03/2020 
Deeming thresholds Limit 
Single $      51,800.00 $      51,800.00 $               -  
Partnered (combined), including illness separated and respite care $      86,200.00 $      86,200.00 $               -  
Deeming rates   
Low deeming rate1.00%1.00%N/A
High deeming rate3.00%3.00%N/A
    
Financial asset notification limits (non-transitional)   
Single Limit 
Service pension max rate $ variation (homeowner) $    187,066.67 $    187,066.67 $               -  
Service pension max rate $ variation (non-homeowner) $    187,066.67 $    187,066.67 $               -  
ISS ceiling rate $ variation (homeowner) $    476,500.00 $    479,000.00 $      2,500.00
ISS ceiling rate $ variation (non-homeowner) $    483,553.33 $    486,760.00 $      3,206.67
Age pension max rate (homeowner) $    185,333.33 $    185,333.33 $               -  
Age pension max rate (non-homeowner) $    185,333.33 $    185,333.33 $               -  
Part rate $ variation (income) $        1,733.33 $        1,733.33 $               -  
Part rate $ variation (assets) $           500.00 $           500.00 $               -  
Partnered - combined Limit 
Service pension max rate $ variation (homeowner) $    327,866.67 $    327,866.67 $               -  
Service pension max rate $ variation (non-homeowner) $    327,866.67 $    327,866.67 $               -  
ISS ceiling rate $ variation (homeowner) $    670,000.00 $    673,500.00 $      3,500.00
ISS ceiling rate $ variation (non-homeowner) $    880,500.00 $    884,000.00 $      3,500.00
Age pension max rate (homeowner) $    324,400.00 $    324,400.00 $               -  
Age pension max rate (non-homeowner) $    324,400.00 $    324,400.00 $               -  
Part rate $ variation (income) $        3,466.67 $        3,466.67 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -  
    
Financial asset notification limits (transitional)   
Single Limit 
Service pension max rate $ variation (homeowner) $    187,500.00 $    187,500.00 $               -  
Service pension max rate $ variation (non-homeowner) $    187,500.00 $    187,500.00 $               -  
ISS ceiling rate $ variation (homeowner) $    430,250.00 $    432,000.00 $      1,750.00
ISS ceiling rate $ variation (non-homeowner) $    459,070.00 $    461,843.33 $      2,773.33
Age pension max rate (homeowner) $    185,333.33 $    185,333.33 $               -  
Age pension max rate (non-homeowner) $    185,333.33 $    185,333.33 $               -  
Part rate $ variation (income) $        2,166.67 $        2,166.67 $               -  
Part rate $ variation (assets) $           500.00 $           500.00 $               -  
Partnered - combined Limit 
Service pension max rate $ variation (homeowner) $    328,733.33 $    328,733.33 $               -  
Service pension max rate $ variation (non-homeowner) $    328,733.33 $    328,733.33 $               -  
ISS ceiling rate $ variation (homeowner) $    628,000.00 $    630,500.00 $      2,500.00
ISS ceiling rate $ variation (non-homeowner) $    838,500.00 $    841,000.00 $      2,500.00
Age pension max rate (homeowner) $    324,400.00 $    324,400.00 $               -  
Age pension max rate (non-homeowner) $    324,400.00 $    324,400.00 $               -  
Part rate $ variation (income) $        4,333.33 $        4,333.33 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -