| Old rate | New Rate | Difference |
Income Support Asset Limits | 20/09/2024 | 01/01/2025 | |
Assets value limit | | | |
Homeowner | | Limit | |
Single | $314,000.00 | $314,000.00 | $0.00 |
Partnered (each) including illness separated and respite care | $235,000.00 | $235,000.00 | $0.00 |
Non-homeowner | | Limit | |
Single | $566,000.00 | $566,000.00 | $0.00 |
Partnered (each) including illness separated and respite care | $361,000.00 | $361,000.00 | $0.00 |
| | | |
Extra allowable amount | | Limit | |
Extra allowable amount | $252,000.00 | $252,000.00 | $0.00 |
| | | |
Asset Levels at which SP/AP ceases (non-transitional) | | | |
Low Limit | | Limit | |
Not a Member of a Couple | $695,500.00 | $695,500.00 | $0.00 |
Partnered - combined | $1,045,500.00 | $1,045,500.00 | $0.00 |
Illness Separated - combined | $1,233,000.00 | $1,233,000.00 | $0.00 |
High Limit (without RA) | | Limit | |
Not a Member of a Couple | $947,500.00 | $947,500.00 | $0.00 |
Partnered - combined | $1,297,500.00 | $1,297,500.00 | $0.00 |
Illness Separated - combined | $1,485,000.00 | $1,485,000.00 | $0.00 |
| | | |
Asset Levels at which ISS ceases (non-transitional) | | | |
Low Limit | | Limit | |
Not a Member of a Couple | $691,000.00 | $691,000.00 | $0.00 |
Partnered - combined | $1,038,000.00 | $1,038,000.00 | $0.00 |
Illness Separated - combined | $1,224,000.00 | $1,224,000.00 | $0.00 |
High Limit (without RA) | | Limit | |
Not a Member of a Couple | $943,000.00 | $943,000.00 | $0.00 |
Partnered - combined | $1,290,000.00 | $1,290,000.00 | $0.00 |
Illness Separated - combined | $1,476,000.00 | $1,476,000.00 | $0.00 |
| | | |
Asset Levels at which SP/AP ceases (transitional) | | | |
Low Limit | | Limit | |
Not a Member of a Couple | $627,750.00 | $627,750.00 | $0.00 |
Partnered - combined | $976,500.00 | $976,500.00 | $0.00 |
Illness Separated - combined | $1,097,500.00 | $1,097,500.00 | $0.00 |
High Limit (without RA) | | Limit | |
Not a Member of a Couple | $879,750.00 | $879,750.00 | $0.00 |
Partnered - combined | $1,228,500.00 | $1,228,500.00 | $0.00 |
Illness Separated - combined | $1,349,500.00 | $1,349,500.00 | $0.00 |
| | | |
Asset Levels at which ISS ceases (transitional) | | | |
Low Limit | | Limit | |
Not a Member of a Couple | $623,000.00 | $623,000.00 | $0.00 |
Partnered - combined | $969,500.00 | $969,500.00 | $0.00 |
Illness Separated - combined | $1,088,000.00 | $1,088,000.00 | $0.00 |
High Limit (without RA) | | Limit | |
Not a Member of a Couple | $875,000.00 | $875,000.00 | $0.00 |
Partnered - combined | $1,221,500.00 | $1,221,500.00 | $0.00 |
Illness Separated - combined | $1,340,000.00 | $1,340,000.00 | $0.00 |
| | | |
Asset Levels at which VP ceases | | | |
Low Limit | | Limit | |
Not a Member of a Couple | $728,250.00 | $728,250.00 | $0.00 |
Partnered - combined | $1,116,000.00 | $1,116,000.00 | $0.00 |
Illness Separated - combined | $1,298,500.00 | $1,298,500.00 | $0.00 |
High Limit (without RA) | | Limit | |
Not a Member of a Couple | $980,250.00 | $980,250.00 | $0.00 |
Partnered - combined | $1,368,000.00 | $1,368,000.00 | $0.00 |
Illness Separated - combined | $1,550,500.00 | $1,550,500.00 | $0.00 |
| | | |
Assets at which minimum payment paid (non-transitional) | | | |
Homeowner | | Limit | |
Not a Member of a Couple | $676,000.00 | $676,000.00 | $0.00 |
Partnered - combined | $1,015,500.00 | $1,015,500.00 | $0.00 |
Illness Separated - combined | $1,194,000.00 | $1,194,000.00 | $0.00 |
Non-homeowner | | Limit | |
Not a Member of a Couple | $928,000.00 | $928,000.00 | $0.00 |
Partnered - combined | $1,267,500.00 | $1,267,500.00 | $0.00 |
Illness Separated - combined | $1,446,000.00 | $1,446,000.00 | $0.00 |
| | | |
Assets at which minimum payment paid (transitional) | | | |
Homeowner | | Limit | |
Not a Member of a Couple | $608,250.00 | $608,250.00 | $0.00 |
Partnered - combined | $947,000.00 | $947,000.00 | $0.00 |
Illness Separated - combined | $1,058,500.00 | $1,058,500.00 | $0.00 |
Non-homeowner | | Limit | |
Not a Member of a Couple | $860,250.00 | $860,250.00 | $0.00 |
Partnered - combined | $1,199,000.00 | $1,199,000.00 | $0.00 |
Illness Separated - combined | $1,310,500.00 | $1,310,500.00 | $0.00 |
| | | |
Assets at which minimum payment paid (veteran payment) | | | |
Homeowner | | Limit | |
Not a Member of a Couple | $713,250.00 | $713,250.00 | $0.00 |
Partnered - combined | $1,093,500.00 | $1,093,500.00 | $0.00 |
Illness Separated - combined | $1,268,500.00 | $1,268,500.00 | $0.00 |
Non-homeowner | | Limit | |
Not a Member of a Couple | $965,250.00 | $965,250.00 | $0.00 |
Partnered - combined | $1,345,500.00 | $1,345,500.00 | $0.00 |
Illness Separated - combined | $1,520,500.00 | $1,520,500.00 | $0.00 |
| | | |
Assets at which ISS reduces (non-transitional) | | | |
Homeowner | | Limit | |
Not a Member of a Couple | $575,500.00 | $575,500.00 | $0.00 |
Partnered - combined | $807,500.00 | $807,500.00 | $0.00 |
Illness Separated - combined | $993,000.00 | $993,000.00 | $0.00 |
Non-homeowner | | Limit | |
Not a Member of a Couple | $827,500.00 | $827,500.00 | $0.00 |
Partnered - combined | $1,059,500.00 | $1,059,500.00 | $0.00 |
Illness Separated - combined | $1,245,000.00 | $1,245,000.00 | $0.00 |
| | | |
Assets at which ISS reduces (transitional) | | | |
Homeowner | | Limit | |
Not a Member of a Couple | $507,750.00 | $507,750.00 | $0.00 |
Partnered - combined | $738,500.00 | $738,500.00 | $0.00 |
Illness Separated - combined | $857,500.00 | $857,500.00 | $0.00 |
Non-homeowner | | Limit | |
Not a Member of a Couple | $759,750.00 | $759,750.00 | $0.00 |
Partnered - combined | $990,500.00 | $990,500.00 | $0.00 |
Illness Separated - combined | $1,109,500.00 | $1,109,500.00 | $0.00 |