The Bull

Tuesday 11

December, 2018 2:45 AM



Income threshold increase for pensioners

Income threshold increase for pensioners

Pensioners will be able to earn $300 a fortnight, up from $250, before their welfare payments are affected, under draft laws introduced to the lower house.

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By AAP 29.11.2018 11:47 AM

Pensioners will be able to earn $300 a fortnight without it hurting their welfare payments under draft laws introduced by the federal government.

The increase of $50 of earnings per fortnight will benefit 88,750 people, including those who are self employed, Social Services Minister Paul Fletcher told the lower house as he introduced the bill on Thursday.

The changes, which also include introducing means testing pooled-retirement-income products, comes at a cost of $258 million over four years.

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