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Service Pension Income and Assets Limits

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Limits effective payday 17 July 2008 – date of effect 1 July 2008.

 

Ordinary/adjusted income free area

Date of effect 1/7/2008.

 

Income per fortnight

Not a member of a couple

$138.00

Partnered – combined

$240.00

Illness separated – combined

$240.00

 

Additional free area for children

Date of effect 1/7/2008.

 

Income per fortnight

Each Dependent Child

(under 18 years of age)

$24.60

 

Income at which SP ceases

Date of effect 1/7/2008.

 

Basic pension *
Maximum RA #

Not a member of a couple

$1,519.50

$1,787.50

Partnered – combined

$2,538.50

$2,791.00

Illness separated – combined

$3,003.00

$3,539.00

Ceiling rate – veteran widows

$1,505.00

$1,773.00

Ceiling rate – partnered

$2,524.00

$2,776.50

Ceiling rate – Illness separated – partnered

$2,974.00

$3,510.00

*These increase with dependent children and/or rent

#These increase with dependent children

 

Adjusted income before ISS reduces

Date of effect 1/7/2008.

 

Income per fortnight

Not a member of a couple

$1,097.00

Partnered – combined

$1,708.00

Illness separated – combined

$2,158.00

 

Adjusted income at which ISS/DSS age pension ceases

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

Date of effect 1/7/2008.

 

Income per fortnight

^Not a member of a couple

$1,505.00

^Partnered – combined

$2,524.00

^Illness separated – combined

$2,974.00

^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 $81.60

Date of effect 1/7/2008.

 

Partnered (combined)
Non-Partnered

No children

$673.00

$389.75

1 child

$754.60

$471.35

2 children

$836.20

$552.95

 

Seniors health card taxable income limit

## Annual taxable income limit.

Date of effect 1 July 2001

 

##Annual Table Income Limit

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

Date of effect 1/7/2008.

 

Low limit
High limit

Not a member of a couple

$171,750

$296,250

Partnered – combined

$243,500

$368,000

Illness separated – combined

$243,500

$368,000

 

Assets at which SP ceases

No RA in payment

Date of effect 1/7/2008.

 

Low limit
High limit

Not a member of a couple

$540,250

$664,750

Partnered – combined

$856,500

$981,000

Illness separated – combined

$980,500

$1,105,000

 

Assets before ISS reduces

No RA in payment

Date of effect 1/7/2008.

 

Low limit
High limit

Not a member of a couple

$427,500

$552,000

Partnered – combined

$635,000

$759,500

Illness separated – combined

$755,000

$879,500

 

Assets at which ISS/DSS age pension ceases

Rates quoted exclude PA

Date of effect 1/7/2008.

 

Low limit
High limit

Not a member of a couple

$536,500

$661,000

Partnered – combined

$853,000

$977,500

Illness separated – combined

$973,000

$1,097,500

 

Assets at which DVA treatment SP ceases

Date of effect 1/7/2008.

 

Low limit
High limit

Not a member of a couple

$239,000

$363,500

1 child

$254,500

$379,000

2 children

$269,750

$394,250

3 children

$285,250

$409,750

Partnered – combined

$359,000

$483,500

1 child

$374,500

$499,000

2 children

$389,750

$514,250

3 children

$405,250

$529,750