Aged Pension in Australia


Compare, Select & Save on private health cover with iSelectThe Australian government pension is income and asset tested, as it is only designed to be accessed by the needy.

The 2009/10 income thresholds mean that:

  • A single person over pension age, whose income exceeds $41,119 per year is not entitled to any state pension benefits, or the Pensioner Concession Card.
  • The threshold for a couple is $68,705 family income.Source: Centrelink

     

    Private Pensions / Superannuation in Australia

    Since the early 1990′s most employees have been benefitting from employer funded superannuation contributions, and on retirement date, will recieve either an income or lumps sums from these funds.

    The funds are normally managed by super funds run by the large insurers or banks etc.


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