Pensions, Allowances etc Indexation changes, effective 20 March 2016 The 20 March 2016 indexation changes have been announced and a special thank you to Debbie McTaggart, Editor, YourLifeChoices for sharing the information so promptly. Increased, are Pensions, Allowances, Parenting Payments, Youth Allowance, Rent Assistance, Low Income Health Care Card cut offs etc. See attached for details. “Ready reckoner” charts will be organised shortly kind courtesy of James Joseph & will be forwarded when available. Short summary of the main areas are as follows: PENSIONS: Single Rate was $867 pf…. Now $873.90 pf….. Increase of $6.90 Couple EACH was $653.50 pf. ….Now $658.70….Increase of $5.20 ea Cut off points: Pension Income test Single was $1896 pf (49,296 pa) …. Now $1909.80 pf (49,654.80 pa) Couple comb was $2902 pf (75,452 pa). Now $2922.80 pf (75,992.80 pa) Cut off points: Pension Assets Test Single Homeowner, was $783,500; Now $788,250. Couple Homeowners, was ...
Read More →