We’ll write to you 9 weeks before you reach Age Pension age and tell you what you can do to transfer to Age Pension.Read how you can claim through an international social security agreement.Esther’s recent blog on dependency ratios got me thinking.We are moving towards a time when we will have far more non-working population as a proportion than ever before, particularly as the baby boomers age into their retirement years.Standard rate became payable to married Age and invalid pensioners where the living expenses of a wife or husband were or were likely to be greater than they would otherwise be by reason that they were unable, as a result of the illness or infirmity of either or both of them, to live together in a matrimonial home (subsection 33(2) of the 1947 Act applied). It became payable to the wife of an Age or invalid pensioner at the same rate and subject to the same means test as Age and invalid pensions.Subsection 33(2) of the 1947 Act did not apply to WP.If you are a refugee or former refugee you are exempt from the 10 year rule.
I distinctly remember, going through university in the early 1990s, being told “There won’t be a pension by the time you reach retirement age, so you’d better save as much money as you can now”.
But we’re now 20 years on, and there seems to be no sign of the age pension being removed.
Would any government really commit the political suicide of dropping or significantly winding back social security for the aged? The age pension is the single biggest line item in the federal budget at just under billion in 2013-14.
You must be old enough to qualify for a state pension during the ‘qualifying week’ in the autumn before you get the payment.
Because the pensionable age is changing on a sliding scale each year, the winter fuel payment eligibility age also changes annually.