| |
Old rate |
New Rate |
Difference |
| Income support asset limits |
01/07/2014 |
20/09/2014 |
|
| Assets value limit |
|
|
|
| Homeowner |
|
Limit |
|
| Single |
$202,000.00 |
$202,000.00 |
$0.00 |
| Partnered (each) including illness separated and respite care |
$143,250.00 |
$143,250.00 |
$0.00 |
| Non-homeowner |
|
Limit |
|
| Single |
$348,500.00 |
$348,500.00 |
$0.00 |
| Partnered (each) including illness separated and respite care |
$216,500.00 |
$216,500.00 |
$0.00 |
| |
|
|
|
| Extra allowable amount |
|
Limit |
|
| Extra allowable amount |
$146,500.00 |
$146,500.00 |
$0.00 |
| |
|
|
|
| Asset Levels at which SP/AP ceases (non-transitional) |
|
|
|
| Low Limit |
|
Limit |
|
| Not a Member of a Couple |
$764,000.00 |
$771,750.00 |
$7,750.00 |
| Partnered - combined |
$1,134,000.00 |
$1,145,500.00 |
$11,500.00 |
| Illness Separated - combined |
$1,410,500.00 |
$1,426,000.00 |
$15,500.00 |
| High Limit (without RA) |
|
Limit |
|
| Not a Member of a Couple |
$910,500.00 |
$918,250.00 |
$7,750.00 |
| Partnered - combined |
$1,280,500.00 |
$1,292,000.00 |
$11,500.00 |
| Illness Separated - combined |
$1,557,000.00 |
$1,572,500.00 |
$15,500.00 |
| |
|
|
|
| Asset Levels at which ISS ceases (non-transitional) |
|
|
|
| Low Limit |
|
Limit |
|
| Not a Member of a Couple |
$754,750.00 |
$762,250.00 |
$7,500.00 |
| Partnered - combined |
$1,120,000.00 |
$1,131,500.00 |
$11,500.00 |
| Illness Separated - combined |
$1,392,000.00 |
$1,407,000.00 |
$15,000.00 |
| High Limit (without RA) |
|
Limit |
|
| Not a Member of a Couple |
$901,250.00 |
$908,750.00 |
$7,500.00 |
| Partnered - combined |
$1,266,500.00 |
$1,278,000.00 |
$11,500.00 |
| Illness Separated - combined |
$1,538,500.00 |
$1,553,500.00 |
$15,000.00 |
| |
|
|
|
| Asset Levels at which SP/AP ceases (transitional) |
|
|
|
| Low Limit |
|
Limit |
|
| Not a Member of a Couple |
$678,000.00 |
$682,750.00 |
$4,750.00 |
| Partnered - combined |
$1,054,000.00 |
$1,062,000.00 |
$8,000.00 |
| Illness Separated - combined |
$1,238,500.00 |
$1,248,000.00 |
$9,500.00 |
| High Limit (without RA) |
|
Limit |
|
| Not a Member of a Couple |
$824,500.00 |
$829,250.00 |
$4,750.00 |
| Partnered - combined |
$1,200,500.00 |
$1,208,500.00 |
$8,000.00 |
| Illness Separated - combined |
$1,385,000.00 |
$1,394,500.00 |
$9,500.00 |
| |
|
|
|
| Asset Levels at which ISS ceases (transitional) |
|
|
|
| Low Limit |
|
Limit |
|
| Not a Member of a Couple |
$668,750.00 |
$673,250.00 |
$4,500.00 |
| Partnered - combined |
$1,040,000.00 |
$1,048,000.00 |
$8,000.00 |
| Illness Separated - combined |
$1,220,000.00 |
$1,229,000.00 |
$9,000.00 |
| High Limit (without RA) |
|
Limit |
|
| Not a Member of a Couple |
$815,250.00 |
$819,750.00 |
$4,500.00 |
| Partnered - combined |
$1,186,500.00 |
$1,194,500.00 |
$8,000.00 |
| Illness Separated - combined |
$1,366,500.00 |
$1,375,500.00 |
$9,000.00 |
| |
|
|
|
| Assets at which minimum payment paid (non-transitional) |
|
|
|
| Homeowner |
|
Limit |
|
| Not a Member of a Couple |
$732,250.00 |
$739,500.00 |
$7,250.00 |
| Partnered - combined |
$1,086,000.00 |
$1,097,000.00 |
$11,000.00 |
| Illness Separated - combined |
$1,347,000.00 |
$1,361,500.00 |
$14,500.00 |
| Non-homeowner |
|
Limit |
|
| Not a Member of a Couple |
$878,750.00 |
$886,000.00 |
$7,250.00 |
| Partnered - combined |
$1,232,500.00 |
$1,243,500.00 |
$11,000.00 |
| Illness Separated - combined |
$1,493,500.00 |
$1,508,000.00 |
$14,500.00 |
| |
|
|
|
| Assets at which minimum payment paid (transitional) |
|
|
|
| Homeowner |
|
Limit |
|
| Not a Member of a Couple |
$646,250.00 |
$650,500.00 |
$4,250.00 |
| Partnered - combined |
$1,006,500.00 |
$1,013,500.00 |
$7,000.00 |
| Illness Separated - combined |
$1,175,000.00 |
$1,183,500.00 |
$8,500.00 |
| Non-homeowner |
|
Limit |
|
| Not a Member of a Couple |
$792,750.00 |
$797,000.00 |
$4,250.00 |
| Partnered - combined |
$1,153,000.00 |
$1,160,000.00 |
$7,000.00 |
| Illness Separated - combined |
$1,321,500.00 |
$1,330,000.00 |
$8,500.00 |
| |
|
|
|
| Assets at which ISS reduces (non-transitional) |
|
|
|
| Homeowner |
|
Limit |
|
| Not a Member of a Couple |
$586,500.00 |
$591,500.00 |
$5,000.00 |
| Partnered - combined |
$783,500.00 |
$790,000.00 |
$6,500.00 |
| Illness Separated - combined |
$1,055,500.00 |
$1,065,500.00 |
$10,000.00 |
| Non-homeowner |
|
Limit |
|
| Not a Member of a Couple |
$733,000.00 |
$738,000.00 |
$5,000.00 |
| Partnered - combined |
$930,000.00 |
$936,500.00 |
$6,500.00 |
| Illness Separated - combined |
$1,202,000.00 |
$1,212,000.00 |
$10,000.00 |
| |
|
|
|
| Assets at which ISS reduces (transitional) |
|
|
|
| Homeowner |
|
Limit |
|
| Not a Member of a Couple |
$500,500.00 |
$502,750.00 |
$2,250.00 |
| Partnered - combined |
$703,500.00 |
$706,500.00 |
$3,000.00 |
| Illness Separated - combined |
$883,500.00 |
$888,000.00 |
$4,500.00 |
| Non-homeowner |
|
Limit |
|
| Not a Member of a Couple |
$647,000.00 |
$649,250.00 |
$2,250.00 |
| Partnered - combined |
$850,000.00 |
$853,000.00 |
$3,000.00 |
| Illness Separated - combined |
$1,030,000.00 |
$1,034,500.00 |
$4,500.00 |