Category Archives: Centrelink

Pensions Centrelink – Planning to get Age Pension Australia – What to consider

Here is a quick overview planning to get Age Pension in Australia, and how to determine if you are eligible. What your Age Pension Age is You need to be the qualifying age or older to get Age Pension. We … Continue reading

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Pensions – When can you start withdrawing super?

Super laws provide specific rules for when you can access your super. These are called conditions of release. In addition, the trust deed or governing rules of your super provider may set out more restrictive rules around payment of benefits. … Continue reading

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Pensions Centrelink – The effects of super on Centrelink payments

Centrelink explains that several factors determine if we assess your superannuation in our income and assets tests, such as age and whether you are drawing an income stream or a lump sum. Superannuation (super) is a long term savings structure … Continue reading

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Pensions Centrelink – New Income & Asset test level thresholds for Age Pension

Centrelink have announced changes to Age Pension with new income and asset level thresholds.  This could mean more Australians will now qualify for at least a part pension and those already on a part pension could receive more. Singles can now … Continue reading

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Centrelink – COVID-19 – JobKeeper reporting, Revaluing Assets, Payments when no Age Pension

Services Australia have news about help available, especially with COVID-19 economic issues effecting so many Australians. Here are a handful – Reporting income from JobKeeper payment to Centrelink If you or your partner get income from JobKeeper payment, you must … Continue reading

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Centrelink – Travel Voucher Changes for WA and VIC

Have a pension with Centrelink? Then note, you won’t get travel vouchers sent with your Pensioner Concession Card anymore from January 2020 in states of WA and VIC. The Human Services website explains more – As a pensioner, you can … Continue reading

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Pensions Centrelink – New Means-Test Rules for Lifetime Income Streams

From 1 July 2019, new means test rules for lifetime income streams came into effect. The Department of Human Services explains more – The new rules change the way we assess lifetime income streams (LIS) purchased from 1 July 2019. … Continue reading

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Pensions Centrelink – Pension Loans Scheme has changed 1 July 2019

As of 1 July 2019, the human services websites says you can apply for the Pension Loans Scheme (PLS) even if: You’re getting the maximum rate of pension; You have a payment rate of $0 under both the income and … Continue reading

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Pensions Centrelink – Earn more before aged pension is affected – Work bonus increase from 1 Jul 2019

The Government has announced a Work Bonus increase from 1 July 2019 – which means you can earn more before your aged pension is affected – great news! The Work Bonus is increasing. Centrelink will also apply it to self-employment … Continue reading

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Pensions – Budget April 2019 – Raising the age for the Work Test to apply – and other changes at a glance

Changes to the age for the Work Test was one of the superannuation announcements made by the Government ahead of the release of the 2019 Budget. The Government proposes that, from 1 July 2020, people aged 65 or 66 will … Continue reading

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