Allowable Assets

The allowable assets threshold before a reduction of $1.50 per $1000 ($3 per $1000 before 20/9/2007 and after 1/1/2017) is different for homeowners and non homeowners. For couples the thresholds are for combined assets.

 

Date Single Couple
both eligible
Couple
one eligible
Couple
illness separated
Homeowners:
1/7/2015 205,500 291,500 291,500 291,500
1/7/2014 202,000 286,500 286,500 286,500
1/7/2013 196,750 279,000 279,000 279,000
1/7/2012 192,500 273,000 273,000 273,000
1/7/2011 186,750 265,000 265,000 265,000
1/7/2010 181,750 258,000 258,000 258,000
1/7/2009 178,000 252,500 252,500 252,500
1/7/2008 171,750 243,500 243,500 243,500
1/7/2007 166,750 236,500 236,500 236,500
1/7/2006 161,500 229,000 229,000 229,000
1/7/2005 157,000 223,000 223,000 223,000
1/7/2004 153,000 217,500 217,500 217,500
Non Homeowners:
1/7/2015 354,500 440,500 440,500 440,500
1/7/2014 348,500 433,000 433,000 433,000
1/7/2013 339,250 421,500 421,500 421,500
1/7/2012 332,000 412,500 412,500 412,500
1/7/2011 321,750 400,000 400,000 400,000
1/7/2010 313,250 389,500 389,500 389,500
1/7/2009 307,000 381,500 381,500 381,500
1/7/2008 296,250 368,000 368,000 368,000
1/7/2007 287,750 357,500 357,500 357,500
1/7/2006 278,500 346,000 346,000 346,000
1/7/2005 270,500 336,500 336,500 336,500
1/7/2004 263,500 328,000 328,000 328,000

It was announced that the thresholds will be increased at the same time as the taper change from 1/1/2017 to $250,000 for single homeowners and $375,000 for a couple Homeowner. The Non-Homeowner thresholds are $200,000 higher.