Pension

Pensioners want to work longer without penalty

National Seniors is calling on the Federal Government to raise the Work Bonus for Age Pensioners to $10,000 a year without them losing any of their benefits.

Chief Advocate Ian Henschke said National Seniors’ research showed the key issue confronting the majority (51 per cent) of full age pensioners was its adequacy to cover the cost of living.

Many were willing and able to work part-time but a loss of pension income was a major disincentive.

Singles on low incomes locked out of NSW

Many single people on pensions or benefits cannot find affordable rental accommodation in New South Wales, according to housing advocacy group Shelter NSW.

Its chief executive, Karen Walsh, said governments needed to address the shortfall of around 100,000 social and affordable housing dwellings in the state.

“The RAI (Rental Affordability Index) clearly shows that our current housing system is not ‘fit for purpose’,” Ms Walsh said.

Pension payments to rise from 20 September

About 4.7 million Australians will receive an increase to their welfare payments from 20 September as part of the government’s six monthly indexation of pensions and allowances.

Minister for Social Services Christian Porter said pension payments, including the Age Pension and Disability Support Pension, would rise by $6.10 a fortnight to $894.40 for singles and $4.60 a fortnight to $674.20 for each member of a couple.

$100,000 pension windfall for former UK resident

A former UK resident, now retired in Australia, has been awarded a lump sum of $100,000 and a pension of $750 a month from Britain’s Department of Work and State Pensions.

Jim Tilley, from British Pensions in Australia (BPiA), said the woman had discovered she was entitled to the UK pension she should have requested 27 years ago.

“Recently she has received a considerable back payment of more than $100,000 from the UK,” Mr Tilley said.

Energy supplement cuts misguided, say seniors

National Seniors has rejected Federal Government moves to scuttle the energy supplement for new Age Pension recipients from September 20.

Chief Advocate Ian Henschke said the government’s plan to cut the supplement in a bid to save almost $1 billion over four years was misguided.

Full and part pensioners were consistently being targeted for savings when their incomes were among the lowest in the country.

Downsizing policy overlooks the most needy

National Seniors’ Chief Advocate, Ian Henschke, looks at why the government’s budget measures lack incentives for older people to ‘rightsize’.

National Seniors’ Rightsizing proposal was straight-forward.

We asked that $250,000 be quarantined from the profits of the sale of the family home and exempted from the Aged Pension means test.

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