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Service Pension Income and Assets Limits

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Limits effective payday 3 January 2008 – date of effect 1 January 2008 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
Maximum RA

Not a member of a couple

$1,490.75

$1,754.25

Partnered – combined

$2,492.00

$2,740.50

Illness separated – combined

$2,949.50

$3,476.50

Ceiling rate – veteran widows

$1,476.25

$1,739.75

Ceiling rate – partnered

$2,477.50

$2,726.00

Ceiling rate – Illness separated – partnered

$2,920.50

$3,447.50

*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

$1,075.25

Partnered – combined

$1,675.50

Illness separated – combined

$2,118.50

 

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

$1,476.25

^Partnered – combined

$2,477.50

Illness separated – combined

$2,920.50

^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 $79.60

 

Partnered (combined)
Non-Partnered

No children

$658.00

$379.50

1 child

$737.60

$459.10

2 children

$817.20

$538.70

 

Seniors health card taxable income limit

Effective 1 July 2001

Annual taxable income limit.

 

##Income

Not a member of a couple

$50,000

Partnered – combined

$80,000

Illness separated – combined

$100,000

Respite care – combined

$100,000

## 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

$529,250

$650,250

Partnered – combined

$839,500

$960,500

Illness separated – combined

$961,500

$1082,500

 

Assets before ISS reduces

No RA in payment

 

Low limit
High limit

Not a member of a couple

$418,500

$539,500

Partnered – combined

$621,500

$742,500

Illness separated – combined

$740,000

$861,000

 

Assets at which ISS/DSS age pension ceases

Rates quoted exclude PA

 

Low limit
High limit

Not a member of a couple

$525,250

$646,250

Partnered – combined

$835,500

$956,500

Illness separated – combined

$953,500

$1,074,500

 

Assets at which DVA treatment SP ceases

 

Low limit
High limit

Not a member of a couple

$232,750

$353,750

1 child

$247,500

$368,500

2 children

$262,250

$383,250

3 children

$276,750

$397,750

Partnered – combined

$350,500

$471,500

1 child

$365,000

$486,000

2 children

$379,500

$500,500

3 children

$394,500

$515,500