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Post by chris on Jun 23, 2015 14:14:34 GMT 7
Quoting from the press release on the 2015-16 budget. The measures will reduce pension cheques for 235,756 seniors, cut 91,378 people from the part-pension and give 171,658 retirees about $15 a week extra.
$15 dollars in any language means $15 dollars. So how is that paid? Effective when?
And this one from the Centrelink Web Site.
www.humanservices.gov.au/customer/enablers/income-test-pensions
In normal language you are allowed an "income of $160 per fortnight. After that you are penalised 50 cents for each dollar over $160 per fortnight.
Except if you are employed part time past age 65 you are allowed an unpenalised income of $6500 per year.
Then, quoted from the same site.
How the income test works
Financial assets are deemed to earn income, while there are different assessment rules for other types of income.
Most pensions, allowances and concession cards have income and asset limits, or both. These determine if your income or assets affect the amount of pension you receive.
This income test is effective from 20 March 2015 and applies to the following payments and family situations:
Age Pension
Wife Pension
Widow B Pension
Bereavement Allowance
Carer Payment
Disability Support Pension
You are exempt from this income test if you are permanently blind and you get Age Pension or Disability Support Pension and you do not receive Rent Assistance.
Now what can this possibly mean? If you do not apply for Rent Assistance you are exempt from the income test?
You need a lawyer to decipher this kind of stuff. I have a college degree and can't understand some of this wording.
BUT NOW IT BECOMES CLEAR.......IF YOU ARE PERMANENTLY BLIND.....
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