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Financial assets and deeming 20 September 2018

Document

 

Old rate

New Rate

Difference

Financial assets and deeming

01/07/2018

20/09/2018

 

Deeming thresholds

 

Limit

 

Single

$ 51,200.00

$ 51,200.00

$ -

Partnered (combined), including illness separated and respite care

$ 85,000.00

$ 85,000.00

$ -

Deeming rates

 

 

 

Low deeming rate

1.75%

1.75%

N/A

High deeming rate

3.25%

3.25%

N/A

 

 

 

 

Financial asset notification limits (non-transitional)

 

 

 

Single

 

Limit

 

Service pension max rate $ variation (homeowner)

$ 162,830.77

$ 162,830.77

$ -

Service pension max rate $ variation (non-homeowner)

$ 162,830.77

$ 162,830.77

$ -

ISS ceiling rate $ variation (homeowner)

$ 429,630.77

$ 431,870.77

$ 2,240.00

ISS ceiling rate $ variation (non-homeowner)

$ 429,630.77

$ 431,870.77

$ 2,240.00

Age pension max rate (homeowner)

$ 161,230.77

$ 161,230.77

$ -

Age pension max rate (non-homeowner)

$ 161,230.77

$ 161,230.77

$ -

Part rate $ variation (income)

$ 1,600.00

$ 1,600.00

$ -

Part rate $ variation (assets)

$ 500.00

$ 500.00

$ -

Partnered - combined

 

Limit

 

Service pension max rate $ variation (homeowner)

$ 285,630.77

$ 285,630.77

$ -

Service pension max rate $ variation (non-homeowner)

$ 285,630.77

$ 285,630.77

$ -

ISS ceiling rate $ variation (homeowner)

$ 655,500.00

$ 658,000.00

$ 2,500.00

ISS ceiling rate $ variation (non-homeowner)

$ 841,870.77

$ 846,830.77

$ 4,960.00

Age pension max rate (homeowner)

$ 282,430.77

$ 282,430.77

$ -

Age pension max rate (non-homeowner)

$ 282,430.77

$ 282,430.77

$ -

Part rate $ variation (income)

$ 3,200.00

$ 3,200.00

$ -

Part rate $ variation (assets)

$ 750.00

$ 750.00

$ -

 

 

 

 

Financial asset notification limits (transitional)

 

 

 

Single

 

Limit

 

Service pension max rate $ variation (homeowner)

$ 163,230.77

$ 163,230.77

$ -

Service pension max rate $ variation (non-homeowner)

$ 163,230.77

$ 163,230.77

$ -

ISS ceiling rate $ variation (homeowner)

$ 415,390.77

$ 414,590.77

-$ 800.00

ISS ceiling rate $ variation (non-homeowner)

$ 415,390.77

$ 414,590.77

-$ 800.00

Age pension max rate (homeowner)

$ 161,230.77

$ 161,230.77

$ -

Age pension max rate (non-homeowner)

$ 161,230.77

$ 161,230.77

$ -

Part rate $ variation (income)

$ 2,000.00

$ 2,000.00

$ -

Part rate $ variation (assets)

$ 500.00

$ 500.00

$ -

Partnered - combined

 

Limit

 

Service pension max rate $ variation (homeowner)

$ 286,430.77

$ 286,430.77

$ -

Service pension max rate $ variation (non-homeowner)

$ 286,430.77

$ 286,430.77

$ -

ISS ceiling rate $ variation (homeowner)

$ 616,500.00

$ 618,000.00

$ 1,500.00

ISS ceiling rate $ variation (non-homeowner)

$ 823,500.00

$ 825,000.00

$ 1,500.00

Age pension max rate (homeowner)

$ 282,430.77

$ 282,430.77

$ -

Age pension max rate (non-homeowner)

$ 282,430.77

$ 282,430.77

$ -

Part rate $ variation (income)

$ 4,000.00

$ 4,000.00

$ -

Part rate $ variation (assets)

$ 750.00

$ 750.00

$ -