{
  "api_version": "2.0",
  "url": "https://retirementwealth.com.au/api/v2/figures/assets_test_cutoff_couple_illness_separated_combined_homeowner.json",
  "schema": "https://retirementwealth.com.au/api/v2/schema/api.json#/$defs/figure_file",
  "docs": "https://retirementwealth.com.au/data/",
  "publisher": "retirementwealth.com.au",
  "scope": "Retirement Wealth provides selected factual information about Australian retirement rules and rates. It does not provide personal or general financial product advice or recommend financial products. Summaries may not cover every condition or exception. Check the linked official sources and obtain advice appropriate to your circumstances before making financial decisions.",
  "figure": {
    "id": "assets_test_cutoff_couple_illness_separated_combined_homeowner",
    "former_ids": [],
    "label": "Assets test: part pension cut-off, couple separated by illness, homeowner (combined)",
    "category": "age_pension",
    "category_label": "Age Pension",
    "concept": "age_pension.assets_test.cut_off",
    "kind": "threshold",
    "dimensions": {
      "household": "couple_illness_separated",
      "basis": "combined",
      "homeowner": true
    },
    "value": 1324500,
    "display_value": "$1,324,500",
    "unit": {
      "code": "AUD",
      "plain": "Australian dollars",
      "quantity": "money",
      "currency": "AUD",
      "per": null,
      "per_amount": null,
      "ratio_divisor": null
    },
    "ratio": null,
    "effective_from": "2026-09-20",
    "effective_from_basis": "value",
    "validity": {
      "from": "2026-09-20",
      "to": null,
      "basis": "value",
      "status": "in_force"
    },
    "applies_by": null,
    "resets": "20_march_1_july_20_september",
    "review_dates": [
      "03-20",
      "07-01",
      "09-20"
    ],
    "source": {
      "title": "Social Security Payment Parameters: 20 September 2026 indexation",
      "publisher": "Department of Social Services",
      "url": "https://www.dss.gov.au/system/files/documents/2026-08/rates-list-20-september-2026.pdf",
      "type": "primary"
    },
    "verification": {
      "status": "verified_primary",
      "checked_on": "2026-10-17"
    },
    "notes": "The combined assets of both partners, for a couple living apart because of illness. Listed in the Department of Social Services rates list for 20 September 2026 indexation. The Department of Social Services reviews the cut-off points in March, July and September each year. The cut-off point is higher where Rent Assistance is paid with the pension.",
    "conditions": [],
    "exceptions": [
      {
        "text": "The cut-off point is higher where Rent Assistance is paid with the pension.",
        "modelled": false
      }
    ],
    "caveats": [],
    "legal_basis": [],
    "derivation": {
      "expression": {
        "+": [
          {
            "var": "full_pension_threshold"
          },
          {
            "*": [
              2,
              {
                "round_up_to": [
                  {
                    "*": [
                      {
                        "/": [
                          {
                            "var": "max_rate_each"
                          },
                          {
                            "var": "taper"
                          }
                        ]
                      },
                      1000
                    ]
                  },
                  250
                ]
              }
            ]
          }
        ]
      },
      "inputs": {
        "full_pension_threshold": "assets_test_full_pension_couple_combined_homeowner",
        "max_rate_each": "age_pension_max_single",
        "taper": "assets_test_taper"
      },
      "basis": "observed",
      "valid_from": "2017-01-01",
      "description": "The combined full pension threshold plus two times the assets above it at which the taper reduces one partner's maximum rate (the single rate) to nil, each partner's share rounded up to a multiple of $250. This matches the published values; the doubling of the rounded share is not taken from an official source.",
      "source": {
        "title": "Social Security Guide, 4.2.3 Pensions & benefits assets tests",
        "publisher": "Department of Social Services",
        "url": "https://guides.dss.gov.au/social-security-guide/4/2/3",
        "type": "primary"
      }
    },
    "related": {
      "same_concept": [
        "assets_test_cutoff_single_homeowner",
        "assets_test_cutoff_couple_combined_homeowner",
        "assets_test_cutoff_single_non_homeowner",
        "assets_test_cutoff_couple_combined_non_homeowner",
        "assets_test_cutoff_couple_illness_separated_combined_non_homeowner"
      ],
      "inputs": [
        "assets_test_full_pension_couple_combined_homeowner",
        "age_pension_max_single",
        "assets_test_taper"
      ],
      "used_by": []
    },
    "upcoming": [],
    "first_published": {
      "release": 14,
      "recorded_at": "2026-10-17T11:03:55Z"
    },
    "last_changed": {
      "release": 14,
      "recorded_at": "2026-10-17T11:03:55Z"
    },
    "cite_as": "Assets test: part pension cut-off, couple separated by illness, homeowner (combined): $1,324,500, applies from 20 September 2026. Official source: Department of Social Services, Social Security Payment Parameters: 20 September 2026 indexation (last checked 17 October 2026). Retirement Wealth, https://retirementwealth.com.au/rules/age-pension/assets-test-cutoff-couple-illness-separated-combined-homeowner/",
    "links": {
      "self": "https://retirementwealth.com.au/api/v2/figures/assets_test_cutoff_couple_illness_separated_combined_homeowner.json",
      "page": "https://retirementwealth.com.au/rules/age-pension/assets-test-cutoff-couple-illness-separated-combined-homeowner/",
      "current_value": "https://retirementwealth.com.au/api/v2/figures/assets_test_cutoff_couple_illness_separated_combined_homeowner/2026-09-20.json"
    },
    "timeline": [
      {
        "value": 1324500,
        "display_value": "$1,324,500",
        "ratio": null,
        "effective_from": "2026-09-20",
        "effective_to": null,
        "basis": "value",
        "status": "in_force",
        "source": {
          "title": "Social Security Payment Parameters: 20 September 2026 indexation",
          "publisher": "Department of Social Services",
          "url": "https://www.dss.gov.au/system/files/documents/2026-08/rates-list-20-september-2026.pdf",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-17"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/assets_test_cutoff_couple_illness_separated_combined_homeowner/2026-09-20.json"
      },
      {
        "value": 1300000,
        "display_value": "$1,300,000",
        "ratio": null,
        "effective_from": "2026-07-01",
        "effective_to": "2026-09-19",
        "basis": "value",
        "status": "superseded",
        "source": {
          "title": "Social Security Payment Parameters: 1 July 2026 indexation",
          "publisher": "Department of Social Services",
          "url": "https://www.dss.gov.au/system/files/documents/2026-05/rates-list-1-july-2026.pdf",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-17"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/assets_test_cutoff_couple_illness_separated_combined_homeowner/2026-07-01.json"
      },
      {
        "value": 1282500,
        "display_value": "$1,282,500",
        "ratio": null,
        "effective_from": null,
        "effective_to": "2026-06-30",
        "basis": "value",
        "status": "superseded",
        "source": {
          "title": "Social Security Payment Parameters: 1 July 2026 indexation",
          "publisher": "Department of Social Services",
          "url": "https://www.dss.gov.au/system/files/documents/2026-05/rates-list-1-july-2026.pdf",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-17"
        },
        "notes": "Listed as the previous amount. The source does not state when it started.",
        "url": null
      }
    ]
  }
}