From 20 September 2024, the Australian Age Pension is to rise by $28.10 per fortnight, for the single person rate. This is from $1,116.30 up to $1,144.40 per fortnightly payment.
The rate for each member of a couple is to rise by $21.20 … Read the rest
Centrelink customers with assets over $686,250, may be entitled to claim a changed asset limit by Pre-paying for their funeral.
This could save them up to $780 per year, based on paying $10,000 as a prepaid funeral plan.
This payment would reduce their assessable assets for the … Read the rest
The Australian Age Pension increases every year in March and September.
Following the latest release of the cost of living figures from the ABS, it is expected that the maximum Australian Age Pension will increase, in March 2024, by:
The Work Bonus allows aged pensioners to earn up to a certain amount, from working, before their age pension begins to be reduced.
As at July 2023, the Work Bonus, together with the normal pension income free amount, now means a single … Read the rest
From 20 September 2023, the Australian Age Pension will rise by $32.70 per fortnight, for the single person rate.
That results in an annual increase of 6.82% from September 2022.
The single rate of the Age Pension, with supplements, will increase by $32.70 per fortnight – from $1,064 to $1,096.70… Read the rest
From 20 March 2023, the Australian Age Pension will rise by $37.50 per fortnight, for the single person rate.
That results in an annual increase of 7.74% from March 2022.
The inflation rate to Dec 2022 according to the ABS was 7.8%.
Base pension rates are indexed to the higher … Read the rest
From 20 September 2022, the Australian Age Pension will rise by $38.90 per fortnight, for the single person rate.
That results in an annual increase of 6.1% from September 2021.
The inflation rate to June 2022 according to the ABS was 6.1%.
The … Read the rest
A news headline that will annoy many retired people in Australia.
But…
There are some things wrong with that headline.
Not all retirees will get anything, you must be receiving the Centrelink Aged Pension to qualify.
You must still be working, you cannot be fully … Read the rest
From 20 March 2022, the Australian Age Pension will rise by $20.10 per fortnight, for the single person rate. That is a 3.66% increase from March 2021.
The Australian Aged Pension is revised in March and September (normally) each year, and … Read the rest
To get most Centrelink payments in Australia you must meet all of the following criteria:
You’re an Australian resident if … Read the rest
