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Service Pension Income and Assets Limits

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Limits effective payday 5 January 2006 - date of effect 1 January 2006 unless otherwise specified.

Ordinary/adjusted income free area

Effective 20 September 2005

Income per fortnight

Not a member of a couple

$124.00

Partnered – combined

$220.00

Illness separated – combined

$220.00

Additional free area for children

Effective 20 September 2005

Income per fortnight

Each Dependent Child
(under 18 years of age)

$24.60

Income at which SP ceases

*Basic Pension

#Max. RA

Not a member of a couple

$1,360.75

$1,608.75

Partnered – combined

$2,275.50

$2,509.50

Illness separated – combined

$2,693.50

$3,189.50

Ceiling rate – veteran widows

$1,346.25

$1,594.25

Ceiling rate – partnered

$2,261.00

$2,495.00

Ceiling rate – Illness separated – partnered

$2,664.50

$3,160.50

*These increase with dependent children and/or rent

#These increase with dependent children

Adjusted income before ISS reduces

Income per fortnight

Not a member of a couple

$982.50

Partnered – combined

$1,533.50

Illness separated – combined

$1,937.00

Adjusted income at which ISS/DSS age pension ceases

Adjusted income is ordinary income plus all war widow's pension and foreign DP

Income per fortnight

^Not a member of a couple

$1,346.25

^Partnered – combined

$2,261.00

Illness separated – combined

$2,664.50

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

Income at which DVA treatment ceases (SP cases)

For each additional child add $75.60

Partnered (combined)

Non-Partnered

No children

$621.00

$356.75

1 child

$696.60

$432.35

2 children

$772.20

$507.95

Seniors health card taxable income limit

Effective 1 July 2001

Annual taxable income limit.

##Income

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 20 September 2005

Low limit

High limit

Not a member of a couple

$157,000

$270,500

Partnered – combined

$223,000

$336,500

Illness separated – combined

$223,000

$336,500

Assets at which SP ceases

No RA in payment

Low limit

High limit

Not a member of a couple

$322,000

$435,500

Partnered – combined

$497,500

$611,000

Illness separated – combined

$553,000

$666,500

Assets before ISS reduces

No RA in payment

Low limit

High limit

Not a member of a couple

$271,250

$384,750

Partnered – combined

$398,000

$511,500

Illness separated – combined

$452,000

$565,500

Assets at which ISS/DSS age pension ceases

Rates quoted exclude PA

Low limit

High limit

Not a member of a couple

$320,000

$433,500

Partnered – combined

$495,500

$609,000

Illness separated – combined

$549,000

$662,500

Assets at which DVA treatment SP ceases

Low limit

High limit

Not a member of a couple

$188,250

$301,750

1 child

$195,000

$308,500

2 children

$201,750

$315,250

3 children

$208,500

$322,000

Partnered – combined

$276,500

$390,000

1 child

$283,250

$396,750

2 children

$290,000

$403,500

3 children

$296,750

$410,250