Centrelink Pension Loans Scheme

Centrelink Pension Loans Scheme

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 Read more about Centrelink Pension Loans Scheme[…]

Aged care daily care fee means tested amount

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

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[…]

Centrelink early retirement benefits

If I retire now could I get any Centrelink early retirement benefits? by Christine Hopper Your eligibility for Centrelink early retirement benefits depends on your age, your personal circumstances and your financial resources and other assets. Remember Centrelink administers the Social Security Act which is about providing support to long term Australian residents in constrained Read more about Centrelink early retirement benefits[…]

Age Pensioner Work Bonus in Centrelink Income Test

Age Pensioner Work Bonus in Centrelink Income Test by Christine Hopper The Age Pensioner Work Bonus in the Centrelink Income Test is to encourage Age Pensioners to continue their links to the paid workforce. The advantage of the Age Pensioner Work Bonus is that the first $250 per fortnight of income from employment is not counted Read more about Age Pensioner Work Bonus in Centrelink Income Test[…]

Disability Support Pension

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

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

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[…]

Low Income Health Care Card

Early Retirees seeking help with Health Care Costs By Christine Hopper The Commonwealth ‘Low Income Health Care Card’ provides access to the Concession Rates for PBS prescriptions and Commonwealth funded bulk billing medical services similar to those available to Age Pensioners.  Some State government and utility providers also offer concessions and/or discounts to holders of Read more about Low Income Health Care Card[…]

Centrelink Means Testing for the Age Pension

Centrelink Means Testing for the Age Pension By Christine Hopper As seen on the Greypath Seniors Forum http://greypath.com/node/39292 Once you have proved to Centrelink that you are old enough and have lived in Australia long enough for an Age Pension then Centrelink determine how much Age Pension you will actually be paid.  Your Age Pension Read more about Centrelink Means Testing for the Age Pension[…]