You are here

Service Pension Income and Assets Limits

Document

Limits effective payday 28 September 2006 – date of effect 20 September 2006 unless otherwise specified.

 

Ordinary/adjusted income free area

 

Income per fortnight

Not a member of a couple

$128.00

Partnered – combined

$228.00

Illness separated – combined

$228.00

 

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

$1,455.25

$1,715.25

Partnered – combined

$2,435.00

$2,680.50

Illness separated – combined

$2,882.50

$3,402.50

Ceiling rate – veteran widows

$1,440.75

$1,700.75

Ceiling rate – partnered

$2,420.50

$2,666.00

Ceiling rate – Illness separated – partnered

$2,853.50

$3,373.50

*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

$1,049.25

Partnered – combined

$1,637.50

Illness separated – combined

$2,070.50

 

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

$1,440.75

^Partnered – combined

$2,420.50

Illness separated – combined

$2,853.50

^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

$648.50

$372.25

1 child

$726.60

$450.35

2 children

$804.70

$528.45

 

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

$161,500

$278,500

Partnered – combined

$229,000

$346,000

Illness separated – combined

$229,000

$346,000

 

Assets at which SP ceases

No RA in payment

 

Low limit

High limit

Not a member of a couple

$338,500

$455,500

Partnered – combined

$523,500

$640,500

Illness separated – combined

$583,000

$700,000

 

Assets before ISS reduces

No RA in payment

 

Low limit

High limit

Not a member of a couple

$284,250

$401,250

Partnered – combined

$416,500

$533,500

Illness separated – combined

$475,000

$592,000

 

Assets at which ISS/DSS age pension ceases

Rates quoted exclude PA

 

Low limit

High limit

Not a member of a couple

$336,750

$453,750

Partnered – combined

$521,500

$638,500

Illness separated – combined

$579,500

$696,500

 

Assets at which DVA treatment SP ceases

 

Low limit

High limit

Not a member of a couple

$194,250

$311,250

1 child

$201,250

$318,250

2 children

$208,500

$325,500

3 children

$215,500

$332,500

Partnered – combined

$285,500

$402,500

1 child

$292,500

$409,500

2 children

$299,500

$416,500

3 children

$306,500

$423,500