If I am working while receiving the Age Pension, am I eligible for the Pensioner... [Article]
The Pensioner Bonus Scheme (PBS) is now closed to new applicants, h...pplicants, however those who were pension age prior to 20 September...0 September 2009 and who met all other eligibility conditions (eg. ...
- At what age can I qualify for the age pension? [Article]
...need to be age 65 before they qualify for the age ...they qualify for the age pension, whilst the earli...
- Am I able to claim for the Age Pension even though I am still working and I am o... [Article]
Yes. The Age Pension is both income tested and asset tested. If both your income and assets fall bel...tested. If both your income and assets fall below the respective limits then you may be able to also...
- How much can I own in assets – and earn in income – and still get the pension? [Article]
Thresholds as at 01/01/2011:
Asset Test
Homeowner
Full Pension (up to)
Part Pension (less than)
- If I have super will I also get the Age Pension? [Article]
This is a frequently asked question. You have paid tax on your inc...e and feel justified in receiving the age pension when you retire.
...
- What level should my assessable assets total in order to be eligible for a Centr... [Article]
...relink allowance if your assessable assets exceed the levels below. If you are part of a couple, you...ow. If you are part of a couple, your assets are considered on a joint basis: Figures a
- What is deeming? [Article]
Deeming is the process applied by Centrelink to assess the level of income you derive from your financial investments, regardless of the actual income being earned. Financial investments include:
- Do I choose a lump sum or a pension, and what about taxes? [Article]
Choosing a lump sum or pension is very much an individual choice.
Many people will withdraw some m...
- What are the tax limits on super contributions? [Article]
Super is a tax effective way to save for retirement. Consider your options.
Some quick tax facts*
Contributions made to super out of after-tax income are capped at $150,000 a
- What is the work bonus scheme? [Article]
The Work Bonus is designed as an incentive for pensioners to parti... for pensioners to participate in the workforce. Under the Work B...
- What is a Term Certain or Lifetime annuity? [Article]
...m. The annuity term can be for your lifetime, or for a specified number of years. If, when you die, the amount pa
- What is the difference between a Centrelink pension and an allowance? [Article]
A Centrelink pension differs from an allowance for a number of rea...for a number of reasons. Firstly, the rates of payment differ. Simi...
- What is underwriting? [Article]
Underwriting is the process by which you need to provide an insurance company with personal and hea...
- What is debt recycling? [Article]
Debt recycling is the process of turning bad debt (otherwise known as non-deductible debt) into goo...
- Can I hold all of my personal insurance within super? [Article]
At this time, you are only able to take out Life, Total and Permanent Disability, and Total Salary ...me Protection cover within superannuation. Whilst these types of cover are sufficie
- Can I leave my super pension to anyone? [Article]
A pensioner may commence a pension with a ‘reversionary&rsqu...a spouse). Under this scenario if the primary pensioner passes away...
- What are pensioner concession cards? [Article]
There are a number of concession cards that become available to se...alians.
Most people approaching pensionable age are keen to quali...nable age are keen to qualify for the Pensioner Concession Card, wh...
- Can I spend my entire super and then get the pension? [Article]
... cent of your super, spend it and then apply for the age pension if...
- I’m not working, but can I contribute to super anyway? [Article]
...are under 65.
However, you can contribute to super after reaching... 65, if you are under 75 and meet the work test. The test involves ... work test. The test involves you working at leas
- Why does my 15-year-old get super? [Article]
... could qualify for super payments for several reasons, including through meeting the Super Guarantee...
