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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

$146.00

Partnered – combined

(including illness separated and respite care)

$256.00

 

Income Test Taper rate

Prior to 01/07/2000

50 cents in the dollar

1/7/2000 to 19/9/2009

40 cents in the dollar

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

$1,124.40

Partnered – combined

$1,522.40

Illness separated – combined

$2,212.80

 

Income at which minimum payment paid

 

Income per fortnight

Not a member of a couple

$1,487.00

Partnered – combined

$2,277.60

Illness separated – combined

$2,938.00

 

Income at which SP/Age/ISS ceases

 

*Basic pension

#Maximum RA

Not a member of a couple

$1,548.20

$1,775.00

Partnered – combined

$2,370.00

$2,584.00

Illness separated – combined

$3,060.40

$3,514.00

Ceiling rate – veteran widows

$1,548.20

$1,775.00

Ceiling rate – partnered

$2,370.00

$2,584.00

Ceiling rate – Illness separated – partnered

$3,060.40

$3,514.00

* 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

$359.20

Partnered – each

$311.40

Partnered – combined

$622.80

 

Seniors health card taxable income limit

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

 

Income Limit

Not a member of a couple

(including illness separated and respite care - each)

$50,000

Partnered – each

$40,000

This limit increases with dependent children

 

Assets value limit

 

Low limit

Homeowner

High limit

Non-homeowner

Not a member of a couple

$181,750

$313,250

Partnered – each

(including illness separated and respite care)

$129,000

$194,750

 

Assets Test Taper rate

1985 to 19/09/1993

$1.00 per $250

20/09/1993 to 19/9/2007

75 cents per $250

from 20/9/2007

37.5 cents per $250

 

Assets at which ISS reduces

 

Low limit

Homeowner

High limit

Non-homeowner

Not a member of a couple

$508,000

$639,500

Partnered – combined

$680,500

$812,000

Illness separated – combined

$910,500

$1,042,000

 

Assets at which minimum payment paid

 

Low limit

Homeowner

High limit

Non-homeowner

Not a member of a couple

$628,750

$760,250

Partnered – combined

$932,000

$1,063,500

Illness separated – combined

$1,152,000

$1,283,500

 

Assets at which SP/Age/ISS ceases

 

Low limit

Homeowner

High limit

Non-homeowner

Not a member of a couple

$649,250

$780,750

Partnered – combined

$963,000

$1,094,500

Illness separated – combined

$1,193,000

$1,324,500

 

Assets at which DVA treatment SP ceases

 

Low limit
High limit

Not a member of a couple

$253,000

$384,500

Partnered – combined

$380,500

$512,000

 

Special disability trust

Asset value limit

$563,250