You are here

Income support asset limits 20 March 2023

Document
 Old rateNew RateDifference
Income support asset limits01/01/202320/03/2023 
Assets value limit   
Homeowner Limit 
Single $      280,000.00 $      280,000.00 $                    -  
Partnered (each) including illness separated and respite care $      209,500.00 $      209,500.00 $                    -  
Non-homeowner Limit 
Single $      504,500.00 $      504,500.00 $                    -  
Partnered (each) including illness separated and respite care $      321,750.00 $      321,750.00 $                    -  
    
Extra allowable amount Limit 
Extra allowable amount $      224,500.00 $      224,500.00 $                    -  
    
Asset Levels at which SP/AP ceases (non-transitional)   
Low Limit Limit 
Not a Member of a Couple $      622,250.00 $      634,750.00 $      12,500.00
Partnered - combined $      935,000.00 $      954,000.00 $      19,000.00
Illness Separated - combined $   1,103,500.00 $   1,128,500.00 $      25,000.00
High Limit (without RA) Limit 
Not a Member of a Couple $      846,750.00 $      859,250.00 $      12,500.00
Partnered - combined $   1,159,500.00 $   1,178,500.00 $      19,000.00
Illness Separated - combined $   1,328,000.00 $   1,353,000.00 $      25,000.00
    
Asset Levels at which ISS ceases (non-transitional)   
Low Limit Limit 
Not a Member of a Couple $      617,500.00 $      630,000.00 $      12,500.00
Partnered - combined $      928,000.00 $      947,000.00 $      19,000.00
Illness Separated - combined $   1,094,000.00 $   1,119,000.00 $      25,000.00
High Limit (without RA) Limit 
Not a Member of a Couple $      842,000.00 $      854,500.00 $      12,500.00
Partnered - combined $   1,152,500.00 $   1,171,500.00 $      19,000.00
Illness Separated - combined $   1,318,500.00 $   1,343,500.00 $      25,000.00
    
Asset Levels at which SP/AP ceases (transitional)   
Low Limit Limit 
Not a Member of a Couple $      565,500.00 $      576,000.00 $      10,500.00
Partnered - combined $      880,000.00 $      896,500.00 $      16,500.00
Illness Separated - combined $      990,000.00 $   1,011,000.00 $      21,000.00
High Limit (without RA) Limit 
Not a Member of a Couple $      790,000.00 $      800,500.00 $      10,500.00
Partnered - combined $   1,104,500.00 $   1,121,000.00 $      16,500.00
Illness Separated - combined $   1,214,500.00 $   1,235,500.00 $      21,000.00
    
Asset Levels at which ISS ceases (transitional)   
Low Limit Limit 
Not a Member of a Couple $      561,000.00 $      571,250.00 $      10,250.00
Partnered - combined $      873,000.00 $      889,500.00 $      16,500.00
Illness Separated - combined $      981,000.00 $   1,001,500.00 $      20,500.00
High Limit (without RA) Limit 
Not a Member of a Couple $      785,500.00 $      795,750.00 $      10,250.00
Partnered - combined $   1,097,500.00 $   1,114,000.00 $      16,500.00
Illness Separated - combined $   1,205,500.00 $   1,226,000.00 $      20,500.00
    
Asset Levels at which VP ceases   
Low Limit Limit 
Not a Member of a Couple $      651,000.00 $      664,500.00 $      13,500.00
Partnered - combined $      997,500.00 $   1,019,000.00 $      21,500.00
Illness Separated - combined $   1,161,000.00 $   1,188,000.00 $      27,000.00
High Limit (without RA) Limit 
Not a Member of a Couple $      875,500.00 $      889,000.00 $      13,500.00
Partnered - combined $   1,222,000.00 $   1,243,500.00 $      21,500.00
Illness Separated - combined $   1,385,500.00 $   1,412,500.00 $      27,000.00
    
Assets at which minimum payment paid (non-transitional)   
Homeowner Limit 
Not a Member of a Couple $      604,000.00 $      616,000.00 $      12,000.00
Partnered - combined $      907,500.00 $      925,500.00 $      18,000.00
Illness Separated - combined $   1,067,000.00 $   1,091,000.00 $      24,000.00
Non-homeowner Limit 
Not a Member of a Couple $      828,500.00 $      840,500.00 $      12,000.00
Partnered - combined $   1,132,000.00 $   1,150,000.00 $      18,000.00
Illness Separated - combined $   1,291,500.00 $   1,315,500.00 $      24,000.00
    
Assets at which minimum payment paid (transitional)   
Homeowner Limit 
Not a Member of a Couple $      547,250.00 $      557,250.00 $      10,000.00
Partnered - combined $      852,500.00 $      868,500.00 $      16,000.00
Illness Separated - combined $      953,500.00 $      973,500.00 $      20,000.00
Non-homeowner Limit 
Not a Member of a Couple $      771,750.00 $      781,750.00 $      10,000.00
Partnered - combined $   1,077,000.00 $   1,093,000.00 $      16,000.00
Illness Separated - combined $   1,178,000.00 $   1,198,000.00 $      20,000.00
    
Assets at which minimum payment paid (veteran payment)   
Homeowner Limit 
Not a Member of a Couple $      637,250.00 $      650,500.00 $      13,250.00
Partnered - combined $      977,000.00 $      997,500.00 $      20,500.00
Illness Separated - combined $   1,133,500.00 $   1,160,000.00 $      26,500.00
Non-homeowner Limit 
Not a Member of a Couple $      861,750.00 $      875,000.00 $      13,250.00
Partnered - combined $   1,201,500.00 $   1,222,000.00 $      20,500.00
Illness Separated - combined $   1,358,000.00 $   1,384,500.00 $      26,500.00
    
Assets at which ISS reduces (non-transitional)   
Homeowner Limit 
Not a Member of a Couple $      514,500.00 $      523,000.00 $        8,500.00
Partnered - combined $      721,500.00 $      733,000.00 $      11,500.00
Illness Separated - combined $      888,000.00 $      905,000.00 $      17,000.00
Non-homeowner Limit 
Not a Member of a Couple $      739,000.00 $      747,500.00 $        8,500.00
Partnered - combined $      946,000.00 $      957,500.00 $      11,500.00
Illness Separated - combined $   1,112,500.00 $   1,129,500.00 $      17,000.00
    
Assets at which ISS reduces (transitional)   
Homeowner Limit 
Not a Member of a Couple $      457,750.00 $      464,250.00 $        6,500.00
Partnered - combined $      666,500.00 $      675,500.00 $        9,000.00
Illness Separated - combined $      774,500.00 $      787,500.00 $      13,000.00
Non-homeowner Limit 
Not a Member of a Couple $      682,250.00 $      688,750.00 $        6,500.00
Partnered - combined $      891,000.00 $      900,000.00 $        9,000.00
Illness Separated - combined $      999,000.00 $   1,012,000.00 $      13,000.00