Budget predictions – Low Income Supplement

With no Age Pension increase on the cards in this year’s Federal Budget, much will be made of the Low Income Supplement. Details at the moment are sketchy but it could mean another $300 per year in your bank account.

low income supplement, government, budget, predictions, senior Australians

With no Age Pension increase on the cards in this year’s Federal Budget, much will be made of the Low Income Supplement. Details at the moment are sketchy but it could mean another $300 per year in your bank account.

Although expanded in detail on the Government’s Clean Energy Future website, this payment of $300 to those low income households who still find themselves out of pocket after the other carbon tax compensation measures have kicked in, has received little press.

Find out if you are likely to receive the Low Income Supplement.





    COMMENTS

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    ronleo
    2nd May 2012
    8:51am
    it is too little it won't even come close to helping ,with rising electricity cost on top of carbon tax pensioners will really suffer ,my power bill went up by $49 dollars last quarter ,even though I used less power than the previous quarter
    Henry
    3rd May 2012
    11:46am
    Another $11.54 per fortnight! This, together with the $6.70 of before makes a princely sum of 18.24! I am so excited about this, I may even be able to go to Wollongong from Sydney for the day and have 1 McDonalds! Rotten b@#$t%^%s!

    4th May 2012
    3:05pm
    i think i will by a 2 ltr bottle of milk and drink it all then do you know what in it and give it to julia as a welsh birthdy present she can shower in it .

    4th May 2012
    3:05pm
    i think i will by a 2 ltr bottle of milk and drink it all then do you know what in it and give it to julia as a welsh birthdy present she can shower in it .