pension rise

Big Gorilla · Guru

pension rise

snap1946 · Senior Member

sorry i put some thing in wrong place

-- Edited by snap1946 on Friday 8th of March 2013 12:58:20 PM

-- Edited by snap1946 on Friday 8th of March 2013 01:07:00 PM

Mr B2 · Senior Member

Its cheaper to feed two than one, Herbie,

-- Edited by Mr B2 on Friday 8th of March 2013 01:15:38 PM

snap1946 · Senior Member

this where i ment to put it

http://www.couriermail.com.au/news/brea ... 6588978667

-- Edited by snap1946 on Friday 8th of March 2013 02:11:59 PM

snap1946 · Senior Member

HI ALL

tried every where to find out how much our pension rise is can't get onto center link some say $35 +300 clean energy sup some say $35 only does any body know

cheers snap

snap1946 · Senior Member

Big Gorilla wrote:
It is $35.00 fortnite for Singles, $54.00 for married couples..Total.... Starts March 20.

-- Edited by Big Gorilla on Friday 8th of March 2013 09:16:57 AM

is that on top of clean energy supplement of $255 single and 190 couple

GaryKelly · Guru

Dougwe, the bloke who refers to himself as "me, myself and I" should qualify for a triple single rate or at least the married couple rate.

Happywanderer · The Master

There is no lump sum. It is being divided up into fortnightly payments of the 35.90. Thats what I read, will go back and check it out. Would love the lump sum as well but I'm sure this is right.

Happywanderer · The Master

From 20 March 2013 pension rates will not only increase in line with cost of living increases, but will also benefit from the introduction of the Clean Energy Supplement. This will result in an increase of $35.80 per fortnight on a single Age Pension.

Single Age Pension

From 20 March 13
Increase

Base
$712.00
$733.70
$21.40

Supplement
$60.60
$61.20
$0.60

Clean Energy Supplement
$0.00
$13.50
$13.50

Total
$772.60
$808.40
$35.50

Partnered Age Pension (each)

From 20 March 13
Increase

Base
$536.70
$553.10
$16.40

Supplement
$45.70
$46.10
$0.40

Clean Energy Supplement
$0.00
$10.20
$10.20

Total
$582.40
$609.40
$27.00

Clare46 · Senior Member

Happywanderer wrote:
There is no lump sum. It is being divided up into fortnightly payments of the 35.90. Thats what I read, will go back and check it out. Would love the lump sum as well but I'm sure this is right.

Thats right Marj, as we were paid the lump sum last year.

snap1946 · Senior Member

Clare46 wrote:
Happywanderer wrote:
There is no lump sum. It is being divided up into fortnightly payments of the 35.90. Thats what I read, will go back and check it out. Would love the lump sum as well but I'm sure this is right.
Thats right Marj, as we were paid the lump sum last year.

http://www.couriermail.com.au/news/brea ... 6588978667

herbie · Guru

due to not being on the pension ..yet .. can some one tell me why one partner is valued more than the other when it comes to pension rises .

Gerty Dancer · Guru

Well maybe not cheaper for food bills Brian, but for example 2 people in the one house use only a little more electricity than one. In caravan parks/motels singles often have to pay for 2 people, in that case the second person is "free".

herbie · Guru

Hi all ,just reading all this pension thingo does my head in. I think i will just keep on working and hitch up and do some more work untill i drop dead,Then the gov can give my share to some other poor bugger going through all the jargon just to get some taxes back from slogging their gut out all their life. But Joe blow may never work a day in his life and get the same as someone who has worked .....Some thing wrong with the system some how.

-- Edited by herbie on Saturday 9th of March 2013 12:08:25 AM

Happywanderer · The Master

herbie wrote:
due to not being on the pension ..yet .. can some one tell me why one partner is valued more than the other when it comes to pension rises .

Not sure what you mean Herbie. A single partner doesn 't have a partner.

dingojim · Veteran Member

Look out, stand back and duck for cover at last I will be able to have vegemite on my weetbix.

aussietraveller · Guru

Looks like I will be able to buy enough fuel to visti both sets of grandchildren in the one week

GaryKelly · Guru

It took me until I was eligible for the age pension to fully appreciate the value of a dollar. I live reasonably well but watch my pennies and ALWAYS shop for specials. It's amazing how you can stretch a dollar if you try. My next door neighbor is even more careful and she's got more money stashed away than you can poke a stick at.

barina · Guru

The amount you can have in the assets test on centerlink about $192,000 for single home owner, am I right in thinking this does not include the house?

also please what is a Transitional home owner??

Roving-Dutchy · Guru

The best place to get advice is Centrelink and yes your assets don't include your home and you can have assets of over half a million before you lose the last bit of pension and for a couple it is over a million, but your pension can also be affected by your income.

The best place to go is make an appointment to see a Centrelink financial advisor and they will show you exactly what you are entitled to according to your own circumstances, don't be afraid to talk to them as they are there to help you and show you the maximum pension that you are able to receive.

The assets test and income test for the pension keep changing, as they are indexed ,so it is always best that you get the very latest information, any help you may receive here will only be very general and may be misleading for your own particular circumstances, there are many ways Centrelink can assist such as rent assistance and carerers allowance, so go and see them and find out what applies in your own case.

Cheers

David

barina · Guru

Roving-Dutchy wrote:
The best place to get advice is Centrelink and yes your assets don't include your home and you can have assets of over half a million before you lose the last bit of pension and for a couple it is over a million, but your pension can also be affected by your income.
The best place to go is make an appointment to see a Centrelink financial advisor and they will show you exactly what you are entitled to according to your own circumstances, don't be afraid to talk to them as they are there to help you and show you the maximum pension that you are able to receive.
The assets test and income test for the pension keep changing, as they are indexed ,so it is always best that you get the very latest information, any help you may receive here will only be very general and may be misleading for your own particular circumstances, there are many ways Centrelink can assist such as rent assistance and carerers allowance, so go and see them and find out what applies in your own case.
Cheers
David

Thanks David

I will be contacting them and checking things out. A friend went today she thought the 192,000 included the house and I thought surely not...

neilnruth · Guru

Pensions are 'single' if there is just one of you. If you are one of a couple and the only one eligible for Age pension, you only receive half of the Couple's pension not a single person's pension.

Sheba · Guru

barina wrote:
The amount you can have in the assets test on centerlink about $192,000 for single home owner, am I right in thinking this does not include the house?

Definitely does not include the House barina. The House is exempt.

Cheers,

Sheba.

barina · Guru

Thanks all........ Sheba, I did think that was right but always worth checking......I am still a few years away but during that time I will get as much advice as I can.

Gerty Dancer · Guru

Barina we would thoroughly recommend that you make an appointment with centrelink for an interview with one of their Financial advisors. Its free.
We had an interview a year or so before we were pension age and learnt heaps.

They also do "preparing for retirement" seminars... very good information, and free.