Not many Aussies migrate to NZ but a lot of Kiwis come over here. Things do change if you stay away for more than 13 weeks or 26 weeks where your residency qualifications count: 35 years full pension, any year less deduct one thirty 5th of the total. “Pensioners will be very pleased about additional pension supplements of $250 in December and $250 in March, a positive response by government to our strong lobbying for additional help to pensioners at a time that the indexation formula did not deliver an increase in the pension rate,” Mr Yates said. Ironic isn’t it that the govt won the election partly because of the Franking Credits and now they are trying to take them away. WOW – what a huge sum that is – am sure they had to dig really deep into our Birth Certificate Trust Accounts to dish out that measly amount from accounts that we know are worth millions at the very least – TRuly this so called government should be ashamed of themselves –. Currently, less than 10% of the population of people with disability in Australia are supported by the NDIS and are therefore unable to access and pay for the additional supports and services they may require during this unprecedented crisis. I did that 24/7, 365 days a year, single handedly for almost 8 years. We update the payment rates for Disability Support Pension on 20 March and 20 September each year if you’re either: 21 and older, with or without children; younger than 21 with a child in your care. (July). You'll often find him spending time in galleries, writing, designing, painting, drawing, or photographing and documenting street art. Recent figures show that probably more than 50% of those on Newstart are over 50’s who want to work but either can’t get a job despite all efforts, or can’t due to ill health. I agree with you, Buggsie, we’re being treated as a good laugh for politicians. Other than better managing COVID-19 the major differences were a 20% pay cut for politicians and public service staff and zero tolerance on thwarting the lock-down. Won’t affect you as you are well under the limit. In raw dollars it is not much different to our, but it has way better buying power. On whose authority was this expression deemed correct? ‘Age pensioners set to get a pay rise’. The Government was to evaluate whether they needed to be extended, but I’m not sure they were. $1.5 mil houses, two late model cars, expensive caravan, boat, savings, and getting a full pension as well! Pensioners will have two reasons to smile in September with the scheduled increase to the pension coinciding with the deeming rate cuts. Great Re “lump sum of up to $178”. No other demographic has been doing any heavy lifting for the budget emergency. Incomparable is not relevant and doesnt make it right. Find out if your payment will be affected. Reply . Age Pension: Should deeming rates be re-adjusted? Pensioners set to get a pay rise. Millions of people's benefits will rise by less than the price of a pint of milk - while Universal Credit claimants might suffer an £85.05-a-month cut YourLifeChoices sends daily newsletters, featuring news, information on retirement income and planning, travel, health, lifestyle and wealth, as well as opinion and updates specific to Australians aged over 50. From this date, couples applying for… I do think the dispersal of funds to all Australians could have been handled with a little more prudence. Their rate will be preserved in real terms and they will also get the benefit of the new Pension Supplement until they are better off under the new rules. The pay rise, due to take effect on September 20, will give single pensioners around $1 day extra – just enough for a coffee from 7-Eleven – and a little less for couples. The deeming rate change date will coincide with a regular scheduled increase to the Age Pension. Fearlessfly – off to NZ and tells us all that is better in the Land Of The Wrong White Crowd. A little recognition that they have received money from the Government they would not otherwise have been given and a show of a little gratitude instead of complaining they want more, would not go amiss. Holy gooberoos, you REALLY think living in Australia is a positive thing ??? The deeming cut is the first since 2015 and was announced earlier this year. The deeming rate change, which will be backdated to the start of the financial year, will mean single pensioners will receive a lump sum of up to $178 and couples up to $234 once the change kicks in. Many who receive the payment will spend it on bills, elec, gas which does nothing to boost the economy anyway. Even if you’re not eligible for any benefits from Centrelink, you may qualify for a Low Income Health Care Card... From 20 March 2021, JobSeeker rates and thresholds will be indexed. Those receiving the age pension, as well as disability carers, are eligible for the payments, and they work similarly to the $750 payments seen earlier this year. She lives in a huge house on the beach. 12 January 2021, 1:32 pm, by I doubt it. I am an Age pensioner, floss, but many of my friends are self-funded Retirees, so I am acutely aware of how difficult it is for many. Share your opinions for your chance to win great prizes! I saved hard, had my first home paid for by the age of 31. 14 December 2020. Single retirees on the full pension are to receive a $9.90 fortnightly increase in their total Centrelink payment to $926.90, while couples will enjoy a $14.80 a fortnight pension increase to $1396.20. Since 2000, YourLifeChoices has been providing Australians with essential news, articles and retirement resources – and membership is FREE! it is sickening and now feeling quite nauseous about it all !! Are pensioners getting a one off payment 2020? Unlike ours, this was a lump sum payment for the employer to pass on to employees and covered 12 weeks per employee. PIP payments are extra cash for disabled people to help pay for care costs. Despite this, COTA chief Ian Yates said the payments would be welcome but criticised the lack of action on rent assistance. Pensioners set to get a pay rise. I’m confused with the increase in the pension relating to the deeming rate. Now they aren’t accountable for those shoddy high rise apartments. regards Andrew. I just want back the money the LNP stole from my part pension with the 2017 changes to the Pensioner Assets Test. Individuals will receive a maximum fortnightly pension boost of $30.92 for non-homeowners with financial investments up to $540,000, while non-homeowning couples with a maximum $670,000 in total investments could receive a fortnightly pension increase of $40.50. Leon Della Bosca is a voracious reader who loves words. who beside Morrison and his team of scomites would not like a rollback of the 2017 assets test changes? Do you still get the $250 payments. Age PensionDeeming RatesfinanceMoneyRetirement Income, by I just a bit of the supplementary benefits. I mean $1.80 because of the GST, probably a loaf of cheap bread that’s all folks, but if you noticed the supermarkets has already raised the product prices at 50%, so those $250 really help? The loans were underwritten by the Government, but were to stimulate business and the economy and provided around $6.25B in loans to NZ businesses, with the Government guaranteeing 80% of the risk and the banks covering the other 20%. I went overseas on compassion grounds on 31 August and I am not due back in Oz until July 2021? If you have fewer assets you will get less. From AMP Capital. For we ‘Pensioners’, who don’t have much, sometimes through no fault of theirs. Deeming applies to financial investments such as listed and unlisted shares, insurance bonds and saving and term deposit accounts, among other assets. That is 12 fortnightly at $550 extra which is $6,600. Bye-bye! Entry-level employees will receive Rs 18,000 as against the Rs 7,000 they are getting paid. NZ pensioners can work, but are taxed on additional income. For we ‘Pensioners’, who don’t have much, sometimes through no fault of theirs. Not once did I earn over $35k per year, while the guys doing the same job interstate we’re getting double that – and many of them Drones like the ones you mention. Keep an eye out for the payments to start flowing through on these months, but note they may not appear in bank accounts for a few weeks - pensioners can check MyGov to make sure their details are correct. You can keep the dorks NZers elected to lead New Zealand. Bet you get at least twice that in Vietnam, Russia, China, New Zealand or maybe Sweden? PUBLISHED: 08:18, Mon, May 25, 2020 | UPDATED: 08:38, Mon, May 25, 2020. klaus says: March 28, 2020 at 6:36 pm. Who said that we have to say ‘we’ and not ‘us’ in these circumstances? manchild is coming back to Australia, but that’s not the issue. From AMP Capital. KSS is correct, even after 6 weeks you get the pension, you will lose the pension card re-instated after your return; no good in other places anyway! Unemployed got $550 per fortnight for 6mths. Your pension will be paid indefinately while overseas, supplement and energy supplement will cease. But if that ‘thing’ cost $9.22 and you pay cash, you will only pay $9.20 thereby saving 2c. Some 6.5million pensioners and people who receive benefits - including family tax benefits - will get one-off payments of $750. 4 January 2021, 9:16 am, by On 1 January of each year, we update the rates for those younger than 21 without children. 7 October 2020, 12:00 am. The NZ Government also imposed a rent freeze and prohibition on tenancy terminations for residential rents and imposed these as laws, which is easy to do when you are a country and not a bunch of squabbling States. ACCORDING to the budget, pensioners will be getting up to a $30-a-week pay rise if you are single and $10-a-week pay rise if you a partnered. I wonder if respondents that envied the Jobseeker payments over recent months would exchange their permanent aged pension $944/fortnight for jobseeker $565.70/fortnight plus temporary covid allowance? Changes to the way you report your employment income and hours worked started on 7 December. The Government announced today that people currently receiving the Age Pension, Disability Support Pension and Carer Payment will see an increase to their pay from March 20. Unless u have explained and documented why your overseas then after 6weeks the PENSION stops altogether until you get back. Australians receiving Family Tax Benefit payments or the Double Orphan Pension and those who have a Commonwealth Seniors Health Card are eligible. The Disability and Pensioners are the one who are doing it tough not the long term unemployed. The single welfare benefit has increased to $907.60 a fortnight from $894.40, with the pension and energy supplements included. Subscribe. Some pensioners will benefit from transitional arrangements that will apply to those currently on a part-rate pension who would otherwise suffer a loss of payment rate under the new higher taper rate. Totally agree. I worked in a man’s domain for much of my career, purchasing supply and blend scheduling for an oil company. From this date, couples applying for… We may review if you still meet medical and non-medical rules to keep getting Disability Support Pension (DSP). WOW. And just keep in mind that that figure will NOT be a universal amoiunt because people have different amounts of assessible assets. Millions of pensioners will receive a pay rise of 2.5% from April 2021, in line with the triple lock guarantee – equating to a boost of up to £228.80 for the year. Take part in monthly surveys to help us shape content that is relevant to your age and stage. Maybe you were one of the lucky ones – your brawn saw your earning capacity increased, not your brain. Johns, It’s nothing compared to Morrison gave to himself and he hasn’t improved the economy. The reason it didn’t need to do anything special for pensioners was because the NZ OAP was already providing a livable pension. Rent Assistance rates and thresholds will increase on 20 March 2021. I treasure my pension card although I am only on a part pension but I feel I am better off than some SFRs I meet. Leon Della Bosca Disability support pensioners, carers and other pensioners will receive the second $750 lump-sum payment, which won’t be paid to jobseekers. KSS – if you want whingers come to this site after a handout because it will never be enough. Leon Della Bosca so what garbage is the government telling us that the pension is going to rise by $30.92 when in fact it is going up by $30.90. Betty believes that deeming rates are simply too high. I should know. Also, only part-pensioners who are affected by Deeming Income Tests (around 25%? Joy Anne, NO the pension does not stop all together if you go overseas for longer than 6 weeks. Super and retirement. KSS, $2,000 in stimulus from March 2020 to March 2021 represents the equivalent of an increase in the fortnightly full age pension for single pensioners of $76.92 pf. Some people are more proud than I am obviously and do not want to be called “pensioner”. A lot of us can’t go out & work, like they can. Congratulations, that's great news. Must admit I do not necessarily need the newest $250 I shall take it and use it the way I feel like. The government promised relief for the lack of pension increase, but is it enough? Yeh, right! bob Menzies, Today’s Liberal Party does not have the same values and policies of Robert Menzies. 10 December 2020, 8:14 am. The pay rise, due to take effect on September 20, will give single pensioners around $1 day extra – just enough for a coffee from 7-Eleven – and a little less for couples. The Government did by allowing it shonky land developers to do it. Find out what the new payment rates and limits... Changes to income and asset thresholds will take effect from 20 March 2021. The so called had outs, are for people who have lost income..All this extra money is to stimulate the economy.From what I’ve seen, pensioners, squirrel away there money and don’t spend it.. Tomi, don’t let the facts get in the way of a good whinge. The Care Bear, we’re not all Drones with no intellect. The payments will be made to all Age Pension recipients as well as those who receive the Disability Support Pension, Carer Payment and Carer Allowance (if they are not in receipt of a primary income support payment). Cos they can !! So an extra $2,000 in a 12 month period is worth rolling around on the floor laughing? KSS totally agree with wh a t u said. 16 October 2020, 12:00 am, by KSS and whose pocket do you piss in ? August 26, 2019 75 Comments . Given the pension rise is NOT paid over the counter in cash, you will receive the full $30.92 into your bank account (if that is what the rise will be for you). Likewise own your own home and you will get less, have more assets and you will get less. It costs more to keep politicians on the gravy train and the tax cuts for their elitist’s puppet masters than our entire welfare system. We pay rent & rates, the same as the ‘lucky ones’ do !! Millions of people's benefits will rise by less than the price of a pint of milk - while Universal Credit claimants might suffer an £85.05-a-month cut Many Kiwis live here and the Australian Government has a OAP deal between the two countries. “Deemed income is added to a recipient’s social security assessable income from all other sources and the total is then used to calculate the rate of social security entitlement under the income test,” said AMP technical strategy manager John Perri. The government plans to bring forward stage two of its personal income tax plan and backdate it to 1 July this year. Super and retirement. It doesn’t mean people are any more lazy, but it does often reduce their earning capacity. 1 February 2021, 8:30 am, by Maximum pay for government employees will be ensured especially for the Cabinet secretary and employees at the same level. Where buy I do appreciate the two payments of $250 to pensioners in December and March, I must admit I think it could have been a little more, in these tough times. A Government that constantly advises the pension is welfare Australians should not expect despite taking a pension himself before 70. Leon Della Bosca More filet steak and less mince meat, more better prepared seafood and less home brand. As I understand it an income is deemed on the basis of those assets. by johnp criticises Morrison for his christian beliefs but clearly does not mind stomping all over the tenth commandment. Are they enough? Nearly 4 million pensioners will receive an extra 5 dollars a week on average when they receive their first pay packets for next month. The Council on the Ageing (COTA) had called on the government to provide one additional $750 stimulus payment before the next indexation announcement in March, but these two payments still fall $250 short of that mark. "We can't be left playing catchup again," says Labor leader. Only ‘Part Pensioners’ ; people with monies still in Investments and or Superannuation will be affected by the ‘Deeming Rate Cut’ NOT the ‘Full Age Pensioners’ who will only receive the normal six monthly increase. Some 6.5million pensioners and people who receive benefits - including family tax benefits - will get one-off payments of $750. Just like Australia, individual Banks took different approaches and like here, some people got better deals. How good is that? I think that $250 is NOT near enough. Not an easy gig my friend. no matter what you say Jackie Morrison is still far better than the alternative and the silent majority will again say so in 3 years time – Australia dodged a massive bullet/s in May. Previously the ONS had calculated earnings growth between May and July was 4% but it revised this down to 3.9% yesterday. The pay rise calculator, part of our free UK Payroll Suite, has been updated for the 2021/22 tax year, if you would like to review your pay rise for previous tax years, please change the tax year in the advanced tax calculator options.. Had a Pay Rise? But instead of getting more support, they’ve been left behind,” said Anglicare Australia executive director Kasy Chambers. The true headline should be something along the lines of ‘Deeming Rate Cuts to come into affect along with Full Pension rate Half yearly Rise’. Just $2- less then a politician’s daily meal allowance !! Leon Della Bosca It wants pensioners’ homes for land developers to exploit more buyers. Don’t rubbish Australia. OK, I get that. Do I get deeming increase, or is that asset figure too low to generate sufficient income? We weren’t all born with the same level of intellect either my friend. Congratulations, that's great news. I am sure some pensioners really need the extra, Floss, but I don’t know any pensioners who aren’t very well off – far better off than I am as an SFR. You pay it back later out of your payments from us. It applied yo full and part time workers, including people working on NZ work visas and people whose temporary or student visas allow them to work in NZ. What a grand life it is in this circus act called Australia !! A Government that advice all Australians should save for their retirement. Think of the allowance as targeted stimulus … it will be more calming. But, I must say that if I see ‘For we pensioners’ again, I will explode and you’ll have to clean up all the bits. Lose yourself please . Think about it. Do yours math’s. Pensioners got more in 2019/20 and will get more in 2020/21 and still they gripe that others received a hand up. JobSeeker... More than five million Australians have received welcome news with an increase to their social security payments from 20 March... YourLifeChoices is Australia’s longest established and most trusted digital publication and website for the 50+ audience, with a core focus on helping Australians navigate midlife and the retirement landscape. klaus says: March 28, 2020 at 6:36 pm. Transitional rate of pension The transitional rate started in 2009. “A lot of people will be quite upset about not getting an increase on 20 September. when in reality it is $35.000 but some people only see $34000. Transitional rate of pension The transitional rate started in 2009. The money will go to aged and disability pensioners, veterans, people on carer payments and family tax benefit recipients. Blinky, when something sounds too good to be true, it always is. Treasurer Josh Frydenberg says pensioners are set to get two $250 payments, following on from $750 payments in April and July. That is good news. Whatever would have been offered, its never enough for some people. On 1 January of each year, we update the rates for those younger than 21 without children. The rise of $13.20 equates to extra $343 a year. Are we really that bad? CEOs and various levels of managements are the main original source of being uncompetitive with such as china etc. Will Brodie The pay rise calculator, part of our free UK Payroll Suite, has been updated for the 2021/22 tax year, if you would like to review your pay rise for previous tax years, please change the tax year in the advanced tax calculator options.. Had a Pay Rise? I cannot see what is happening for home owning couples? A Government that wants all younger Australians to work till 70 and more because we all live longer than ever. Pensioners will receive $350 extra a year following the latest increase in their Centrelink payment. Pensioners only got 2 x $750 = $1,500. And they dont have anything to spend it on cos they receive $100K p.a. Millions of pensioners will enjoy the biggest pay rise since 2012 next year, with a 3.9% boost to payments, thanks to earnings growth between May and July.
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