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Pension News latest news
Pension increases
From 20 March 2012 pension rates will increase in line with cost of living increases.
Budget predictions – Clean Energy Payments
In response to the effect carbon pricing will have on household budgets, the Government ...
Human Services revamped
From 1 July 2011, Centrelink, Medicare and Child Support have been integrated into the existing Department of Human Services. What will this mean for you? The aim of integrating Centrelink, Medicare and Child Support under the one banner of the Department of Human Services is to streamline processes ...
Appealing Centrelink Decisions
Q. Graham You placed my concerns some time ago on your newsletter and I received some interesting information. I have since contacted the Government but cannot get any response to my mail and emails. Do you have an address for an organisation that address pensioners concerns ...
Centrelink online services explained
Save yourself the long phone calls and queues by using Centrelink online services. Once ...
Hit the road - How it will affect your Centrelink payments
A life on the open road beckons for YOURLifeChoices subscriber Johnson. But where does this leave him with his Centrelink payments? Q. Johnson I have a query which Centrelink doesn’t seem to be able to confirm, I keep getting different answers, ...
Centrelink asset clarification - Mobile home
YOURLifeChoices subscriber, George, loves his life on the open road but is confused as to why his mobile home is classed as an asset. Q. George I noticed one of the answers in the Q&A stated that the primary home is ...
How much can we gift?
YOURLifeChoices subscribers, Glenn and Jennifer, would like to gift money to their children but are keen to know the limits? Q. Glenn and Jennifer One is allowed to gift to our children $30,000.00 over five years. After the five years elapses ...
Lump sum payment breakdown
With the much welcome news that the Government are to pay a pre-Christmas bonus to many on a pension, people are keen to know if they will be included amongst the recipients. For an indication of who will be entitled, read our lump sum payment breakdown . ...
Bonus payments for pensioners
It’s official. Prime Minister Kevin Rudd has announced his government will pay those who hold a Commonwealth Seniors Health Card, or are Veterans Gold Card holders eligible for Seniors Concession Allowance, a one-off payment in December. Single pensioners will receive a payment of $1400 and couples will receive $2100Those people ...
Useful Centrelink publications
Understanding your Centrelink entitlements may be made easier by first reading the host of publications provided by Centrelink, all available for download. A guide to Centrelink concession cards Pension Bonus Scheme A guide to Australian Government payments ...
Have your pension say
The Government has recently hosted Pension Reviews throughout the country to find out what Australian pensioners need to sustain a basic standard of living. AboutSeniors attended the Melbourne Pension Review on Monday 22 September 2008 to get an idea of the main factors that are making ...
Pension discussion paper
It’s time to ROUND IT UP The report Released on 11.08.08, a discussion paper prepared by Jeff Harmer, Families Department, shows the following rates for the Age Pension: Couples $456.80 x 2 fortnightly Single $546.80 fortnightly (60% of couple’s rate) OECD average means single rate ...
Local member contact details
Send an email to your local member to apply pressure for an increase now – not next year or next century. Click here to find your local members details.
Pension supplements
YOURLifeChoices website has received a few emails questioning whether pensioners will lose allowances when the Age Pension increase is paid. The good news is that you will still receive your current benefits but they will be lumped together into one payment, called the pension supplement. This will ...
Disability Support Pension increases
YOURLifeChoices subscriber, Denise, is keen to know if, as a recipient of DSP, she will be eligible for the raise in weekly pension rates. Q. Denise The $32.49 per week increase, will that apply to me? I receive the Disability Support Pension. Centrelink could not ...
Age Pension changes - Will you receive more?
The rate of the Age Pension has changed for singles and couples. If receiving a full pension singles will get a rise of $32.49 per week and couples an increase of $10.14 (combined) per week . The single (full) pension increase will comprise +$30 ...
Working part-time
The pension income test will be changed. The rate at which the pension is withdrawn for each dollar of additional private income goes from 40c to 50c for income in excess of the free area (currently $138 per fortnight for singles, $240 per fortnight for couples). This means that singles ...
Early Age Pension
Retirement planning is very much on everyone’s minds at the moment and YOURLifeChoices subscriber, Gary, is sure he read that he could access his pension early. Q. I’m interested in taking the age pension early. I found some info on it on the Centrelink site ...