You are here

Service Pension Income and Assets Limits

Document

Limits effective payday 5 July 2007 – date of effect 1 July 2007 unless otherwise specified.

 

Ordinary/adjusted income free area

 

Income per fortnight

Not a member of a couple

$132.00

Partnered – combined

$232.00

Illness separated – combined

$232.00

 

Additional free area for children

 

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

$1,459.25

$1,719.25

Partnered – combined

$2,439.00

$2,684.50

Illness separated – combined

$2,886.50

$3,406.50

Ceiling rate – veteran widows

$1,444.75

$1,704.75

Ceiling rate – partnered

$2,424.50

$2,670.00

Ceiling rate – Illness separated – partnered

$2,857.50

$3,377.50

*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

$1,053.25

Partnered – combined

$1,641.50

Illness separated – combined

$2,074.50

 

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

$1,444.75

^Partnered – combined

$2,424.50

Illness separated – combined

$2,857.50

^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 $78.10

 

Partnered (combined)

Non-Partnered

No children

$652.50

$376.25

1 child

$730.60

$454.35

2 children

$808.70

$532.45

 

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

 

Low limit

High limit

Not a member of a couple

$166,750

$287,750

Partnered – combined

$236,500

$357,500

Illness separated – combined

$236,500

$357,500

 

Assets at which SP ceases

No RA in payment

 

Low limit

High limit

Not a member of a couple

$343,750

$464,750

Partnered – combined

$531,000

$652,000

Illness separated – combined

$590,500

$711,500

 

Assets before ISS reduces

No RA in payment

 

Low limit

High limit

Not a member of a couple

$289,500

$410,500

Partnered – combined

$424,000

$545,000

Illness separated – combined

$482,000

$603,000

 

Assets at which ISS/DSS age pension ceases

Rates quoted exclude PA

 

Low limit

High limit

Not a member of a couple

$342,000

$463,000

Partnered – combined

$529,000

$650,000

Illness separated – combined

$587,000

$708,000

 

Assets at which DVA treatment SP ceases

 

Low limit

High limit

Not a member of a couple

$199,500

$320,500

1 child

$206,500

$327,500

2 children

$213,750

$334,750

3 children

$220,750

$341,750

Partnered – combined

$293,000

$414,000

1 child

$300,000

$421,000

2 children

$307,250

$428,250

3 children

$314,250

$435,250