Is my super pension income counted when applying for the Commonwealth Seniors Health Card?
Q: I have searched numerous websites but cannot find a simple answer. I intend starting my allocated pension next month when I turn 64 but can’t find out if I am entitled to the Commonwealth Seniors Health Card.
Age Pension: Is my super benefit counted towards the Centrelink Pension assets test?
Q: Can you please confirm whether the assets held in a superannuation fund count towards the Centrelink asset test/income test?
Age Pension: September 2011 rates now available
The new Age Pension rates, taking effect from 20 September 2011 are set out in this article. Note that ‘pf’ stands for ‘per fortnight’. The Age Pension rates are adjusted twice-yearly – in March and September.
Commonwealth Seniors Health Card: Am I eligible if I live in a commonwealth country?
Q: Could you tell me if the Commonwealth Seniors Health Card is available to Commonwealth Seniors? If not, why is the term Commonwealth used? We are UK seniors resident in the UK, but are house owners in WA and spend three to six months each year in WA on a tourist visa.
Co-contributions: Can I claim the tax-free bonus for the financial year that I retire?
Q: I’m aged 69 and I will retire in December 2010. Am I entitled to make a deposit into my super fund and receive the Government co-contribution for the 2010/2011 year?
Co-contributions: Can I claim the tax-free bonus as a property investor?
Q: I am not working but I source my income from rents derived from my property investments. Am I able to participate in the Government co-contribution scheme?
Age Pension: September 2009 rates and thresholds now available
The new Age Pension rates, and thresholds, taking effect from 20 September 2009 are set out in the tables below. The Age Pension Bonus amounts also increase. Note that ‘pf’ stands for ‘per fortnight’.
Budget flags radical changes to Age Pension
Increase of $32.49 per week for single Age Pensioners, and $10.14 for couples (see article ‘$32 per week increase in single Age Pension’) Age Pension age to increase to 67 from 2023 (see article ‘Age Pension age set to increase [...]
Budget 2009/2010 snapshot for super savers and retirees
Superannuation Concessional contribution cap cut to $25,000 from July 2009 Government co-contribution cut to $1000 from July 2009 ‘Lost’ account balances of less than $200 to be transferred to the ATO Superannuation pensions Gross tax-free superannuation income NOT be counted [...]
