Effective from 20 September 2018. What are the latest changes? Yesterday, Centrelink announced it’s regular changes to Age Pension rates in an attempt to keep payments in line with inflation. These new rates will be effective from 20 September, 2018. As you...
It is well known that the purpose of the Age Pension is to provide income support to older eligible Australians who need it. In many instances this is the only source of income for pensioners, or in the case of those with a larger amount of money, a...
New age pension rules mean processing delays will cost retirees more, but there are steps Aussies can take to reduce the sting, an advice provider has said. As of 31 July 2018, retrospective payment of the age pension is limited to the date when the...
As you may know, Centrelink determines an applicant’s Age Pension entitlement by assessing their income and assets independently, which is referred to as the Means Tests. The Means Tests are there to ensure the Age Pension is targeted to those who need it...
The Department of Human Services (DHS) has recently announced that Centrelink will stop the Intent to Claim starting 1 July 2018, which can further delay the processing of Age Pension entitlements. Prior to the new policy, you could file an ‘intent to claim’...
There was some good news for senior Australians in the 2018 Federal Budget last night: it features a major change that is beneficial to many Age Pensioners. Alongside a host of other measures, the Australian government will extend the Pensioner Work Bonus so...
There are three factors to consider in determining when to apply for Age Pension entitlements in Australia: • Your age and, where relevant, your partners age• Application process• Other eligibility criteria Age Requirements for the Age Pension The Australian...