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Financial assets and deeming 20 September 2022

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 Old rateNew RateDifference
Financial assets and deeming01/07/202220/09/2022 
Deeming thresholds Limit 
Single $         56,400.00 $         56,400.00 $                    -  
Partnered (combined), including illness separated and respite care $         93,600.00 $         93,600.00 $                    -  
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) $      272,000.00 $      272,000.00 $                    -  
Service pension max rate $ variation (non-homeowner) $      272,000.00 $      272,000.00 $                    -  
ISS ceiling rate $ variation (homeowner) $      505,750.00 $      514,750.00 $        9,000.00
ISS ceiling rate $ variation (non-homeowner) $      689,502.22 $      705,911.11 $      16,408.89
Age pension max rate (homeowner) $      269,688.89 $      269,688.89 $                    -  
Age pension max rate (non-homeowner) $      269,688.89 $      269,688.89 $                    -  
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) $      419,500.00 $      419,500.00 $                    -  
Service pension max rate $ variation (non-homeowner) $      476,088.89 $      476,088.89 $                    -  
ISS ceiling rate $ variation (homeowner) $      710,500.00 $      722,500.00 $      12,000.00
ISS ceiling rate $ variation (non-homeowner) $      935,000.00 $      947,000.00 $      12,000.00
Age pension max rate (homeowner) $      419,000.00 $      419,000.00 $                    -  
Age pension max rate (non-homeowner) $      471,466.67 $      471,466.67 $                    -  
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) $      272,577.78 $      272,577.78 $                    -  
Service pension max rate $ variation (non-homeowner) $      272,577.78 $      272,577.78 $                    -  
ISS ceiling rate $ variation (homeowner) $      456,000.00 $      462,750.00 $        6,750.00
ISS ceiling rate $ variation (non-homeowner) $      648,711.11 $      661,884.44 $      13,173.33
Age pension max rate (homeowner) $      269,688.89 $      269,688.89 $                    -  
Age pension max rate (non-homeowner) $      269,688.89 $      269,688.89 $                    -  
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) $      420,000.00 $      420,000.00 $                    -  
Service pension max rate $ variation (non-homeowner) $      477,244.44 $      477,244.44 $                    -  
ISS ceiling rate $ variation (homeowner) $      664,500.00 $      674,000.00 $        9,500.00
ISS ceiling rate $ variation (non-homeowner) $      889,000.00 $      898,500.00 $        9,500.00
Age pension max rate (homeowner) $      419,000.00 $      419,000.00 $                    -  
Age pension max rate (non-homeowner) $      471,466.67 $      471,466.67 $                    -  
Part rate $ variation (income) $           5,777.78 $           5,777.78 $                    -  
Part rate $ variation (assets) $              750.00 $              750.00 $                    -