Pension Increases - Dollars & Making Sense 14 May 2024

14 May 2024 09:00:00
choosing an adviser
20th March has come and gone and many of you may notice there's an increase in your rate of pension.  That's because Services Australia has applied the increases to payments, including pensions, which have been indexed by the Department of Social Services, like they do on 20 March and 20 September each year. When the rate of pension goes up, that changes the income and assets limits for the pension meaning some people might become eligible when they weren't before.  Justin Bott, Community Information Office for Services Australia joins us today to discuss these changes and work through the income and assets tests that apply.

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Ray Trevisan