Age Pension means test allowance increase July 2016 by Christine Hopper Age Pension means test allowance increase July 2016 The Pension Allowances are the starting points for the Income Test and Assets Test that can reduce the amount of DSP or Age Pension actually payable. Pension Allowance amounts increased slightly on 1 July 2016. This Read more about Age Pension means test allowance increase July 2016[…]
Centrelink Pension Loans Scheme by Christine Hopper Centrelink Pension Loans Scheme The Centrelink Pension Loans Scheme is available to part Pensioners whose Pension amounts are reduced on account of either the Asset Test or the Income Test but not both. Permanent Australian residents who have attained Age Pension Age but are excluded from the Age Read more about Centrelink Pension Loans Scheme[…]
Aged care daily care fee means tested amount by Christine Hopper Aged care daily care fee means tested amount applies from July 2014 From July 2014, a new entrant to residential aged care is charged a Daily Care Fee based on her Means Tested Amount. The July 2014 Aged care daily care fee Means Tested Amount Read more about Aged care daily care fee means tested amount[…]
Centrelink Pensioners Personal Debt By Christine Hopper At Centrelink, your personal debt is not deducted from your financial assets for determining your means tested income support benefits. For Centrelink Age Pensioners personal debt is ignored for the Asset Test. The deemed financial income for the Income Test is based on the financial assets that you Read more about Centrelink Pensioners Personal Debt[…]
Disability Support Pension by Christine Hopper Centrelink pay the Disability Support Pension to Australian residents whose disabilities prevent them from earning. Eligibility for Disability Support Pension The Disability Support Pension is available to Australian residents who have attained age 16 years but not their Age Pension Age. A Disability Support Pensioner normally transfers to the Age Read more about Disability Support Pension[…]
Homeowner at Centrelink and DVA By Christine Hopper Avid readers of Commonwealth Pension means testing charts notice that the Asset Test Allowances have different amounts for ‘homeowners’ and ‘non-homeowners’. So who is a homeowner at Centrelink and DVA? Homeowner Suburban Examples Mary still owns the family home situated well inside a standard block in suburbia. Read more about Homeowner at Centrelink and DVA[…]
Annuities – Income Streams By Christine Hopper Long ago annuities were purchased by healthy, wealthy seniors as a means of converting lump sums into extended lifetime income streams. These folk were paid annuities as income streams. Annuities are now being marketed to retirees, so what is an annuity and why would I buy one? The purchase of an annuity Read more about Annuities – Income Streams[…]