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Superguide age pension increase




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18 Sep 2018 The Age Pension age effectively increased to 65 years and 6 months (from its previous 65 years) on 1 July 2017, and it will increase to 66 years 19 Jan 2018 Important: On a positive note, the assets test thresholds for claiming the FULL Age Pension increased on 1 January 2017, which meant an The Age Pension rates are indexed twice a year, in March and September. The single rate Age Pension is set to at least 27.7 per cent of Male Total Average 20 Sep 2018 Effective since 20 September 2018, Age Pension rates increase, and the assets test and income test thresholds change for assessing Age 12 Jan 2017 With several Age Pension and super changes happening this year, https://www.superguide.com.au/accessing-superannuation/age-pension- will now withdraw some of that asset and spend it to increase their pension.Effective since 20 September 2018, Age Pension rates increased, and the assets test and income test thresholds changed for assessing Age Pension 20 Sep 2018 The UPPER assets thresholds for the Age Pension assets test increased from 20 September 2018, which means more Australians are now Changes to the age pension asset test now effect may have come as a rude threshold, your fortnightly pension payment will be cut by $3 – the taper rate. The Liberal government intended to increase the Age pension age in six-month increments (every 18 months) from July 2017, until it reached the age of 70 years from 1 July 2035. For more specific information on your Age Pension age, see SuperGuide article Age Pension age increasing to 67 years (not 70 years). 20 Sep 2018 According to the Department of Social Services (DSS), the notional maximum pension for transitional rate pensioners from 20 September 2018 (until 19 March 2019) is $768.00 per fortnight (including Energy Supplement of $14.10) for a single pensioner, or approximately $19,968 for the year.

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