Age Pension: Will a UK Pension affect my Australian Centrelink payment

Will a UK Pension affect my Australian Centrelink payment?

The short answer is maybe. Foreign pensions received by a person paid an autonomous age pension, are normally assessed under the ordinary income test – i.e. they reduce pension by 50… Read the rest

Australian Aged Pension Rates 2017

Australian Aged Pension Rates 2017

An Australian Citizen or Permanent Resident may be eligible for the Welfare Based Aged Pension if: They are at least 65 years and 6 months old (New rules from 1st July 2017) under the income… Read the rest

Australian Aged Pension Rates 2017

An Australian Citizen or Permanent Resident may be eligible for the Welfare Based Aged Pension if: They are at least 65 years and 6 months old (New rules from 1st July 2017) under the income… Read the rest

Australian Aged Pension Rates 2016

Australian Aged Pension Rates 2016

The Australian Aged Pension was increased in March 2016, and the new FORTNIGHTLY  rates are now: Australian SINGLE PERSON Pension $794.80 Base Pension $ 65.00 Supplement $ 14.10 Clean Energy Supplement $873.90 Total COUPLE (each)… Read the rest

Australian Aged Pension Rates 2016

The Australian Aged Pension was increased in March 2016, and the new FORTNIGHTLY  rates are now: Australian SINGLE PERSON Pension $794.80 Base Pension $ 65.00 Supplement $ 14.10 Clean Energy Supplement $873.90 Total COUPLE (each)… Read the rest

Retirement Pension

Retirement Pension Income in Australia

The Australian Retirement pension consists of two possible parts: The Government Aged Pension Benefit, paid by Centrelink (the welfare system). The compulsory Employer Paid Super scheme. The British Retirement pension consists of two possible parts:… Read the rest

Australian Superannuation Co-contribution scheme

Australian Superannuation Co-contribution scheme

The super co-contribution scheme is designed to assist eligible individuals to save for their retirement. If you are eligible and make personal super contributions during a financial year, the government will match your contribution with a… Read the rest

Australian Compulsory Superannuation Rates from 2014

Australian Compulsory Superannuation Rates from 2014

The minimum Superannuation contribution from your Employer rose to 9.50% from July 2014. The majority of Workers in Australia, have had individual Superannuation schemes since 1992 when the Compulsory Superannuation Scheme was first set… Read the rest

Australian Compulsory Superannuation Rates from 2014

The minimum Superannuation contribution from your Employer rose to 9.50% from July 2014. The majority of Workers in Australia, have had individual Superannuation schemes since 1992 when the Compulsory Superannuation Scheme was first set… Read the rest

Claiming Australian Superannuation back when leaving Australia

When leaving Australia for good, you may wish to claim as much of any Australian Super as you can. This can be reclaimed in some circumstances before you reach retirement age. australia.gov.au/service/superannuation-departing-australia If you are a former temporary resident, you… Read the rest