is your aged pension the same each payment

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is your aged pension the same each payment

14 yrs ago

i cannot work out why my aged pension reduces by around $2 each payment.

has it got to do with global warming or carbon credits.

referred the matter to my financial advisor - not a clue - so have asked Centre Link

are you the same - just little bits off but when will it stop. if it continues and i get old enough i will need to pay them.

just thinking - if you have cash at bank - because the interest rate changes do you lose more pension because your interest is up.

very odd - i would have thought that a change would take place after a change is made to the information that is supplied on those forms that come from them in the mail but not automatic.

i have logged on to CL and my next projected payment in December is down again by $2.

have a great day

get shopping Santa is just around the corner

regards

peter

8 comments

BevG

14 yrs ago

My pension remains the same every fortnight. Maybe you have a bit of a British pension coming in?? The rate of exhchnage has seen a friend have her rate varied so often it's not funny. She can't really budget.

Yep, mine is the same each fortnight also, no happy surprises any more, hehe

peterseaford

14 yrs ago

i was born here and so was my mum and dad - should i still qualify for "a bit of a British pension"

no really don't think thats the reason but each fortnight - down she goes.

called CL to-day they are sending out my statement of assets and income - it hasn't changed so what could it be

climate change springs to mind

might need to go back to work - any spots in Canberra ??

have a great day

regards peter

If your assets and income have not changed then Centrelink should explain why there is a difference in your pension.

If you don't get a satisfactory answer tell them you wish to take it to a higher rank.

You never know your luck Peter S. Centre Link may offer you a "tidy sum"

so you will not expose their mistakes?

You never know you just never know :) :) :)

Have a lovely Wednesday Eve.

Phyl.

p.s. great talk back radio on 2GB 873 AM Sydney.

Sorry I have veered just a tiny bit.

You are allowed $142 single and $248 shared by a couple over the pension + supplements now and the rate it is taken down has increased under Rudd by 10c to 50c in the dollar. Was only 40c in the dollar.

Couples get to share the 50c as they did the 40c.

The income and assets test is applied to the combined value of both the basic pension plus the new pension supplement.

Source is the Spring News for Seniors.Issue 79.

Bit of bad news there for all who may have a tiny bit extra!

Whereas prior to this under Howard the 40c in the dollar was only applied to the actual base pension.

The supplements were given as extra as needed to make up for rising costs such as GST, telephone, gas/electric,pharmaceutical.

Still those who voted Labor are convinced they were going to be so much better off with Labor in rather than Howard.

peterseaford

14 yrs ago

apart from the fact that Howard did not even win his seat - you may be quite right.

still i will find out and let you know - by the way if as you say is true why is it going down each fortnight?

when the change came in i would expect that the change would have taken place then.

what i have is a difference downwards by $2 each fortnight

is your aged pension the same each payment

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