You are here

Service Pension Income & Assets Limit

Document

LIMITS EFFECTIVE PAYDAY 31 March 2005

 

(Date of Effect 20 March 2005)

 

 

 

 

 

Ordinary/Adjusted Income Free Area (effective 1 July 2004)

 

 

Not a Member of a Couple

$122.00

 

Partnered - Combined

$216.00

 

Illness Separated - Combined

$216.00

 

Additional Free Area per Dependent Child

$24.60

 

 

 

 

Adjusted Income before ISS Reduces

 

 

Not a Member of a Couple

$958.75

 

Partnered - Combined

$1,496.50

 

 

 

 

Income at which SP Ceases

Basic Pension*

Max. RA#

Not a Member of a Couple

$1,327.25

$1,572.25

Partnered - Combined

$2,219.00

$2,450.00

Illness Separated - Combined

$2,626.50

$3,116.50

Ceiling Rate - Veteran Widows

$1,312.75

$1,557.75

Ceiling Rate - Partnered

$2,204.50

$2,435.50

*These increase with dependent children and/or rent

 

#These increase with dependent children

 

 

 

 

 

Adjusted Income at which ISS/DSS Age Pension Ceases

 

Not a Member of a Couple

$1,312.75

 

Partnered - Combined

$2,204.50

 

Adjusted Income is Ordinary Income plus foreign DP and War Widow’s Pension

^Cut-off rates are lower because PA is excluded when paid with DP and WWP

 

 

 

Income at which DVA Treatment Ceases (SP cases)

Partner (combined)

Non-Partnered

No children

$612.00

$351.75

1 child

$686.85

$426.60

2 children

$761.70

$501.45

For each additional child add $74.35

 

 

 

 

 

Seniors Health Card Taxable Income Limit (effective 1 July 2001)#

 

Not a Member of a Couple

 

$50,000.00

Partnered - Combined

 

$80,000.00

Illness Separated - Combined

 

$100,000.00

Respite Care - Combined

 

$100,000.00

# Limit increases with dependent children

 

 

 

 

 

Assets Value Limit (effective 1 July 2004)

Low limit

High limit

Not a Member of a Couple

$153,000

$263,500

Partnered - Combined

$217,500

$328,000

Illness Separated - Combined

$217,500

$328,000

 

 

 

Assets before ISS Reduces (No RA in payment)

Low limit

High limit

Not a Member of a Couple

$264,500

$375,000

Partnered - Combined

$388,000

$498,500

 

 

 

Assets at which SP Ceases (No RA in payment)

Low limit

High limit

Not a Member of a Couple

$313,750

$424,250

Partnered - Combined

$485,000

$595,500

Illness Separated – Combined

$539,000

$649,500

 

 

 

Assets at which ISS/DSS Age Pension Ceases (excludes PA)

Low limit

High limit

Not a Member of a Couple

$312,000

$422,500

Partnered - Combined

$483,000

$593,500

 

 

 

Assets at which DVA Treatment SP Ceases

Low limit

High limit

Not a Member of a Couple

$183,750

$294,250

1 child

$190,500

$301,000

2 children

$197,250

$307,750

3 children

$203,750

$314,250

Partnered - Combined

$270,500

$381,000

1 child

$277,000

$387,500

2 children

$283,750

$394,250

3 children

$290,500

$401,000