You are here

Financial assets and deeming 20 Sep 2019

Document
  Old rateNew RateDifference
HeadingFinancial assets and deeming01/07/201920/09/2019 
 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) $    475,000.00 $    476,500.00 $      1,500.00
 ISS ceiling rate $ variation (non-homeowner) $    481,560.00 $    483,553.33 $      1,993.33
 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) $        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) $    668,000.00 $    670,000.00 $      2,000.00
 ISS ceiling rate $ variation (non-homeowner) $    878,500.00 $    880,500.00 $      2,000.00
 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) $    429,250.00 $    430,250.00 $      1,000.00
 ISS ceiling rate $ variation (non-homeowner) $    460,586.67 $    459,070.00-$      1,516.67
 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) $        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) $    627,000.00 $    628,000.00 $      1,000.00
 ISS ceiling rate $ variation (non-homeowner) $    837,500.00 $    838,500.00 $      1,000.00
 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 $               -