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Financial assets and deeming 20 September 2020

Document
 Old rateNew RateDifference
Financial assets and deeming01/07/202020/09/2020 
Deeming thresholds Limit 
Single $      53,000.00 $      53,000.00 $               -  
Partnered (combined), including illness separated and respite care $      88,000.00 $      88,000.00 $               -  
Deeming rates   
Low deeming rate0.25%0.25%N/A
High deeming rate2.25%2.25%N/A
    
Financial asset notification limits (non-transitional)   
Single Limit 
Service pension max rate $ variation (homeowner) $    255,111.11 $    255,111.11 $               -  
Service pension max rate $ variation (non-homeowner) $    255,111.11 $    255,111.11 $               -  
ISS ceiling rate $ variation (homeowner) $    483,750.00 $    483,750.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    654,702.22 $    654,702.22 $               -  
Age pension max rate (homeowner) $    252,800.00 $    252,800.00 $               -  
Age pension max rate (non-homeowner) $    252,800.00 $    252,800.00 $               -  
Part rate $ variation (income) $        2,311.11 $        2,311.11 $               -  
Part rate $ variation (assets) $           500.00 $           500.00 $               -  
Partnered - combined Limit 
Service pension max rate $ variation (homeowner) $    402,000.00 $    402,000.00 $               -  
Service pension max rate $ variation (non-homeowner) $    448,000.00 $    448,000.00 $               -  
ISS ceiling rate $ variation (homeowner) $    680,500.00 $    680,500.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    895,000.00 $    895,000.00 $               -  
Age pension max rate (homeowner) $    401,500.00 $    401,500.00 $               -  
Age pension max rate (non-homeowner) $    443,377.78 $    443,377.78 $               -  
Part rate $ variation (income) $        4,622.22 $        4,622.22 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -  
    
Financial asset notification limits (transitional)   
Single Limit 
Service pension max rate $ variation (homeowner) $    255,688.89 $    255,688.89 $               -  
Service pension max rate $ variation (non-homeowner) $    255,688.89 $    255,688.89 $               -  
ISS ceiling rate $ variation (homeowner) $    436,750.00 $    436,750.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    621,480.00 $    621,480.00 $               -  
Age pension max rate (homeowner) $    252,800.00 $    252,800.00 $               -  
Age pension max rate (non-homeowner) $    252,800.00 $    252,800.00 $               -  
Part rate $ variation (income) $        2,888.89 $        2,888.89 $               -  
Part rate $ variation (assets) $           500.00 $           500.00 $               -  
Partnered - combined Limit 
Service pension max rate $ variation (homeowner) $    402,500.00 $    402,500.00 $               -  
Service pension max rate $ variation (non-homeowner) $    449,155.56 $    449,155.56 $               -  
ISS ceiling rate $ variation (homeowner) $    637,500.00 $    637,500.00 $               -  
ISS ceiling rate $ variation (non-homeowner) $    852,000.00 $    852,000.00 $               -  
Age pension max rate (homeowner) $    401,500.00 $    401,500.00 $               -  
Age pension max rate (non-homeowner) $    443,377.78 $    443,377.78 $               -  
Part rate $ variation (income) $        5,777.78 $        5,777.78 $               -  
Part rate $ variation (assets) $           750.00 $           750.00 $               -