Work Bonus

Set out below are SuperGuide articles explaining Work Bonus.

Goodbye Pension Bonus: Hello Work Bonus

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Hurry, hurry! Deadline approaching! If you’re working and you’re aged 65 or over (or 63.5 or over if you’re a female), or will turn 65 (or 63.5 if a female) before 20 September 2009, then you need to read this article, and the Q and As following this article. If you fall into this age … [Read more...]

New income test for Age Pension

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Although the Government has increased Age Pension rates, the income test for determining whether you can receive the Age Pension is set to become tougher for some Age Pensioners.  (For more information about the Age Pension rates see the articles Age Pension: September 2009 rates and thresholds now … [Read more...]

Budget flags radical changes to Age Pension

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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 to 67’) New index, the Pensioner and Beneficiary Living Cost … [Read more...]