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Income support asset limits 20 September 2018
| Old rate | New Rate | Difference |
Income support asset limits | 01/07/2018 | 20/09/2018 |
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Assets value limit |
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Homeowner |
| Limit |
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Single | $ 258,500.00 | $ 258,500.00 | $ - |
Partnered (each) including illness separated and respite care | $ 193,750.00 | $ 193,750.00 | $ - |
Non-homeowner |
| Limit |
|
Single | $ 465,500.00 | $ 465,500.00 | $ - |
Partnered (each) including illness separated and respite care | $ 297,250.00 | $ 297,250.00 | $ - |
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Extra allowable amount |
| Limit |
|
Extra allowable amount | $ 207,000.00 | $ 207,000.00 | $ - |
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Asset Levels at which SP/AP ceases (non-transitional) |
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Low Limit |
| Limit |
|
Not a Member of a Couple | $ 561,250.00 | $ 564,000.00 | $ 2,750.00 |
Partnered - combined | $ 844,000.00 | $ 848,000.00 | $ 4,000.00 |
Illness Separated - combined | $ 993,000.00 | $ 998,500.00 | $ 5,500.00 |
High Limit (without RA) |
| Limit |
|
Not a Member of a Couple | $ 768,250.00 | $ 771,000.00 | $ 2,750.00 |
Partnered - combined | $ 1,051,000.00 | $ 1,055,000.00 | $ 4,000.00 |
Illness Separated - combined | $ 1,200,000.00 | $ 1,205,500.00 | $ 5,500.00 |
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Asset Levels at which ISS ceases (non-transitional) |
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Low Limit |
| Limit |
|
Not a Member of a Couple | $ 556,500.00 | $ 559,250.00 | $ 2,750.00 |
Partnered - combined | $ 836,500.00 | $ 841,000.00 | $ 4,500.00 |
Illness Separated - combined | $ 983,500.00 | $ 989,000.00 | $ 5,500.00 |
High Limit (without RA) |
| Limit |
|
Not a Member of a Couple | $ 763,500.00 | $ 766,250.00 | $ 2,750.00 |
Partnered - combined | $ 1,043,500.00 | $ 1,048,000.00 | $ 4,500.00 |
Illness Separated - combined | $ 1,190,500.00 | $ 1,196,000.00 | $ 5,500.00 |
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Asset Levels at which SP/AP ceases (transitional) |
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Low Limit |
| Limit |
|
Not a Member of a Couple | $ 512,500.00 | $ 514,500.00 | $ 2,000.00 |
Partnered - combined | $ 797,500.00 | $ 801,000.00 | $ 3,500.00 |
Illness Separated - combined | $ 895,500.00 | $ 899,500.00 | $ 4,000.00 |
High Limit (without RA) |
| Limit |
|
Not a Member of a Couple | $ 719,500.00 | $ 721,500.00 | $ 2,000.00 |
Partnered - combined | $ 1,004,500.00 | $ 1,008,000.00 | $ 3,500.00 |
Illness Separated - combined | $ 1,102,500.00 | $ 1,106,500.00 | $ 4,000.00 |
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Asset Levels at which ISS ceases (transitional) |
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Low Limit |
| Limit |
|
Not a Member of a Couple | $ 508,000.00 | $ 510,000.00 | $ 2,000.00 |
Partnered - combined | $ 790,500.00 | $ 793,500.00 | $ 3,000.00 |
Illness Separated - combined | $ 886,500.00 | $ 890,500.00 | $ 4,000.00 |
High Limit (without RA) |
| Limit |
|
Not a Member of a Couple | $ 715,000.00 | $ 717,000.00 | $ 2,000.00 |
Partnered - combined | $ 997,500.00 | $ 1,000,500.00 | $ 3,000.00 |
Illness Separated - combined | $ 1,093,500.00 | $ 1,097,500.00 | $ 4,000.00 |
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Asset Levels at which VP ceases |
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Low Limit |
| Limit |
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Not a Member of a Couple | $ 585,750.00 | $ 589,000.00 | $ 3,250.00 |
Partnered - combined | $ 897,500.00 | $ 902,500.00 | $ 5,000.00 |
Illness Separated - combined | $ 1,042,000.00 | $ 1,048,500.00 | $ 6,500.00 |
High Limit (without RA) |
| Limit |
|
Not a Member of a Couple | $ 792,750.00 | $ 796,000.00 | $ 3,250.00 |
Partnered - combined | $ 1,104,500.00 | $ 1,109,500.00 | $ 5,000.00 |
Illness Separated - combined | $ 1,249,000.00 | $ 1,255,500.00 | $ 6,500.00 |
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Assets at which minimum payment paid (non-transitional) |
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Homeowner |
| Limit |
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Not a Member of a Couple | $ 544,500.00 | $ 547,250.00 | $ 2,750.00 |
Partnered - combined | $ 818,500.00 | $ 823,000.00 | $ 4,500.00 |
Illness Separated - combined | $ 959,500.00 | $ 965,000.00 | $ 5,500.00 |
Non-homeowner |
| Limit |
|
Not a Member of a Couple | $ 751,500.00 | $ 754,250.00 | $ 2,750.00 |
Partnered - combined | $ 1,025,500.00 | $ 1,030,000.00 | $ 4,500.00 |
Illness Separated - combined | $ 1,166,500.00 | $ 1,172,000.00 | $ 5,500.00 |
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Assets at which minimum payment paid (transitional) |
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Homeowner |
| Limit |
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Not a Member of a Couple | $ 496,000.00 | $ 497,750.00 | $ 1,750.00 |
Partnered - combined | $ 772,500.00 | $ 775,500.00 | $ 3,000.00 |
Illness Separated - combined | $ 862,500.00 | $ 866,000.00 | $ 3,500.00 |
Non-homeowner |
| Limit |
|
Not a Member of a Couple | $ 703,000.00 | $ 704,750.00 | $ 1,750.00 |
Partnered - combined | $ 979,500.00 | $ 982,500.00 | $ 3,000.00 |
Illness Separated - combined | $ 1,069,500.00 | $ 1,073,000.00 | $ 3,500.00 |
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Assets at which minimum payment paid (veteran payment) |
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Homeowner |
| Limit |
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Not a Member of a Couple | $ 573,750.00 | $ 576,750.00 | $ 3,000.00 |
Partnered - combined | $ 879,000.00 | $ 884,000.00 | $ 5,000.00 |
Illness Separated - combined | $ 1,018,000.00 | $ 1,024,000.00 | $ 6,000.00 |
Non-homeowner |
| Limit |
|
Not a Member of a Couple | $ 780,750.00 | $ 783,750.00 | $ 3,000.00 |
Partnered - combined | $ 1,086,000.00 | $ 1,091,000.00 | $ 5,000.00 |
Illness Separated - combined | $ 1,225,000.00 | $ 1,231,000.00 | $ 6,000.00 |
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Assets at which ISS reduces (non-transitional) |
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Homeowner |
| Limit |
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Not a Member of a Couple | $ 465,500.00 | $ 467,500.00 | $ 2,000.00 |
Partnered - combined | $ 655,000.00 | $ 657,500.00 | $ 2,500.00 |
Illness Separated - combined | $ 801,500.00 | $ 805,500.00 | $ 4,000.00 |
Non-homeowner |
| Limit |
|
Not a Member of a Couple | $ 672,500.00 | $ 674,500.00 | $ 2,000.00 |
Partnered - combined | $ 862,000.00 | $ 864,500.00 | $ 2,500.00 |
Illness Separated - combined | $ 1,008,500.00 | $ 1,012,500.00 | $ 4,000.00 |
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Assets at which ISS reduces (transitional) |
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Homeowner |
| Limit |
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Not a Member of a Couple | $ 417,000.00 | $ 418,000.00 | $ 1,000.00 |
Partnered - combined | $ 609,000.00 | $ 610,000.00 | $ 1,000.00 |
Illness Separated - combined | $ 704,500.00 | $ 706,500.00 | $ 2,000.00 |
Non-homeowner |
| Limit |
|
Not a Member of a Couple | $ 624,000.00 | $ 625,000.00 | $ 1,000.00 |
Partnered - combined | $ 816,000.00 | $ 817,000.00 | $ 1,000.00 |
Illness Separated - combined | $ 911,500.00 | $ 913,500.00 | $ 2,000.00 |