Skip to main content RSS Info Close Search Facebook Twitter
Location
Category
Providers / Vacancies
Feedback

What’s happening to pensions and super?

The previously announced changes to the Commonwealth Seniors Health Card (CSHC) which would have meant that tax free superannuation pension income would have been included in the income test from 1 July 2009, will not proceed.

The Government will proceed to include amounts that are salary sacrificed to superannuation in the income assessment from 1 July.

The Government has also ruled out the proposal to include the family home in the means test for the pension, made by the head of Treasury, Ken Henry, in his interim report on retirement incomes which was released on budget night.

However his recommendation to link and delay, superannuation payments with the raised retirement age to 65, has been accepted.

The decision was based not only on the Henry report, but also on a recommendation from Jeff Harmer’s interim review of the retirement  system which was also tabled on budget night. Dr Harmer is head of the Department of Families, Housing, Community Services and Indigenous Affairs.

Share this article

Read next

Subscribe

Subscribe to our Talking Aged Care newsletter to get our latest articles, delivered straight to your inbox
  1. Eighty years after getting married, this couple lives together...
  2. Who says your age should limit your dreams?
  3. Data from a recently released report highlights a concerning...
  4. With an ageing and growing population, data from the...
  5. Approximately 411,000 Australians are estimated to be living...
  6. How could you benefit from attending university as an older...

Recent articles

  1. What is a lesser known impact of hearing loss for older...
  2. Are there options for older Australians to live in the same...
  3. The new initiative brings older Aussies together to see the...
  4. A collaboration between Dementia Australia and VistaPrint...
  5. How can you look after yourself during the expected heatwaves...
  6. How is an interactive app being used in aged care settings to...
  7. How could the upcoming strengthening of super standards save...
  8. Brother Thomas Oliver Pickett, a Western Australian volunteer,...
  9. Why is an illegal website targeting older Australians?
  10. Eighty years after getting married, this couple lives together...
  11. How does heart health impact your risk of dementia?
  12. Instead of going to the hospital, could older Australians...
  1. {{ result.posted_at | timeago }}

Sorry, no results were found
Perhaps you misspelled your search query, or need to try using broader search terms.
Please type a topic to search
Some frequently searched topics are "dementia", "elderly" etc
Close