Tag Archives: Centrelink

Pensions Centrelink – Transfer from Disability Pension to Age Pension – Difference between them

A woman called seeking advice on whether it was beneficial to switch from Disability Support Pension (DSP) to Age Pension (AP). She was concerned about potential pros and cons associated with the change. Answer – While the payment amount remains … Continue reading

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Pensions – Age Pension impact on your Eligibility and Options available – Review your position

Brendan Ryan at Later Life Advice gives some good things to review in your situation (below is not advice, ask or seek advice). The age pension has recently gone up because of the rising cost of living. It’s great to see … Continue reading

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Pensions Centrelink – Eligibility for Age Pension Australia

Wondering how eligibility for age pension in Australia works? These are the criteria for eligibility for Age Pension according to our Government  Department, Services Australia: Age Pension age; Under the income and assets test limits; An Australian resident, normally for … Continue reading

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Pensions Centrelink – Commonwealth Senior Health Card threshold changes when Age Pension not eligible

Even if you aren’t eligible for the Age Pension, you may be able to get the  Commonwealth Seniors Health Card (CSHC), a concession card which gives you access to cheaper healthcare, medications and, potentially, other government services. Additionally, in certain … Continue reading

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Pensions – Downsizer extra time incentive without affecting asset test age pension – Centrelink, Services Aust.

From 1 Jan 2023, pensioners considering selling to downsize their home, now have an extra year – 2 years to buy, build or renovate a new home before the proceeds are deemed at higher interest rates (a government set interest … Continue reading

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Pensions Centrelink – Means Test for Aged Pension – Services Australia

To be eligible for certain Services Australia payments, such as the Disability, Carer and Aged Pension, you need to pass certain criteria such as residency, age and means tests. The means test assesses your assets and income. Income Test Services … Continue reading

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Pensions Centrelink – Downsizer contribution – considerations

A superannuation professional has alerted SMSF trustees and their advisers to certain important elements to consider if looking to consider making downsizer contributions in light of the federal government’s budget measure to reduce the qualification age from 60 to 55. … Continue reading

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Centrelink – Healthcare Cards available

There are 3 health care cards available, that may assist you, depending on the following criteria. 1. Low Income Health Care Card A concession card to get cheaper health care and some discounts if you’re on a low income. To … Continue reading

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Centrelink – Work Bonus – How it works

The Work Bonus reduces the amount of employment income or eligible self-employment income that we applied to your rate of pension entitlement under the income test. If you don’t work, you still accrue a balance. Centrelink will add $300 to … Continue reading

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Centrelink Services Aust. – Older Australians – What is available

Here is a summary of what is available in  payments and services for Older Australians who plan to retire, have retired, or are considering working past Age Pension age. Age Pension Age Pension provides income support for eligible older Australians. If you … Continue reading

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