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Service Pension Income and Assets Limits

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For pensions assessed under the pre-20 September 2009 rules, refer to the “Transitional Service Pension and ISS Rates and Limits” table.

 

Ordinary/adjusted income free area

 

Income per fortnight

Not a member of a couple

$142.00

Partnered – combined

$248.00

Illness separated – combined

$248.00

 

Income Test Taper rate

from 20/9/2009

50 cents in the dollar

 

Work Bonus

Employment income concession amount

$500.00

 

Adjusted income at which ISS reduces

Includes WWP. 

 

Income per fortnight

Not a member of a couple

$1,080.80

Partnered – combined

$1,464.00

Illness separated – combined

$2,125.60

 

Income at which minimum payment paid

 

Income per fortnight

Not a member of a couple

$1,425.40

Partnered – combined

$2,182.80

Illness separated – combined

$2,814.80

 

Income at which SP/Age/ISS ceases

 

*Basic pension

#Maximum RA

Not a member of a couple

$1,485.80

$1,709.40

Partnered – combined

$2,274.00

$2,484.80

Illness separated – combined

$2,935.60

$3,382.80

Ceiling rate – veteran widows

$1,485.80

$1,709.40

Ceiling rate – partnered

$2,274.00

$2,484.80

Ceiling rate – Illness separated – partnered

$2,935.60

$3,382.80

* Include WWP amount for ISS income limit calculation.

# Child-related RA paid with Family Tax Benefit.

 

Income at which DVA treatment (SP) ceases

 

Income per fortnight

Not a member of a couple

$352.00

Partnered – combined

$609.20

 

Seniors health card taxable income limit

Annual taxable income limit.  Date of effect 01/07/2001.

 

Income Limit

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

This limit increases with dependent children

 

Assets value limit

 

Low limit
High limit

Not a member of a couple

 $178,000

$307,000 

Partnered – combined

$252,500

$381,500

Illness separated – combined

$252,500

$381,500

 

Assets Test Taper rate

from 20/9/2007

37.5 cents per $250

 

Assets at which ISS reduces

 

Low limit
High limit

Not a member of a couple

$491,000

$620,000

Partnered – combined

$658,000

$787,000

Illness separated – combined

$878,500

$1,007,500

 

Assets at which minimum payment paid

 

Low limit
High limit

Not a member of a couple

$606,000

$735,000

Partnered – combined

$897,500

$1,026,500

Illness separated – combined

$1,108,500

$1,237,500

 

Assets at which SP/Age/ISS ceases

 

Low limit
High limit

Not a member of a couple

$626,000

$755,000

Partnered – combined

$928,000

$1,057,000

Illness separated – combined

$1,148,500

$1,277,500

 

Assets at which DVA treatment SP ceases

 

Low limit
High limit

Not a member of a couple

$248,000

$377,000

Partnered – combined

$373,000

$502,000

 

Special disability trust

Asset value limit

$551,750