Australian Aged Pension and Work Bonus

How does the Work Bonus apply to the Australian Aged Pension.

Australians getting the Aged Pension are allowed to earn a small amount each fortnight, without affecting the amount they receive as their pension.

The basic rule is that their pension is NOT affected if they receive under $178 per … Read the rest

Social Security Legislation Amendment 2021.

The following Social Security Legislation Amendment 2021 was introduced into parliament on 27 May 2021.

If the legislation is passed, the new employment services model will come into effect from July 1, 2022, in just over 1 years time.

Peter Davidson, Australian Council of Social Services advisor, said: “We Read the rest

Compulsory Super to Rise to 10 per cent.

From 1st July 2021 most employers will increase their contribution to their employees compulsory superannuation from 9.5% to 10%.

This is an extra $5 per week for someone on $1,000 per week, going into their retirement fund.

However, not all employees are happy with that money going into their super … Read the rest

Parental Leave Pay Waiting Period Eligibility.

Parental Leave Pay Newly Arrived Resident’s Waiting Period (NARWP).

Many Centrelink Government benefits will have either a 2 or 4 year newly arrived resident’s waiting period before becoming eligible to claim them.

From January 2022, many of those that are currently a TWO year newly arrived resident’s waiting period will … Read the rest

Centrelink: Residency for Child Care Subsidy

Child Care Subsidy Residency rules from Centrelink.

To get the Child Care subsidy you, or your partner, must meet the residence rules.

You or your partner must be living in Australia and have one of the following:

  • Australian citizenship
  • a permanent visa
  • a Special Category visa
  • a certain temporary visa
Read the rest

Budget 2021 – Benefits for New Migrants

Four Year Benefits wait for New Migrants.

Australian Budget 2021.

Currently there is a four-year waiting period for some government payments, such as the jobseeker unemployment benefit and youth allowance.

From January 2022, that four-year waiting period will be extended to cover more government benefits, such as family tax benefit, … Read the rest

Median Personal Income in Australia 2011-2018

Australian Annual Personal Median Income.

The Median personal income in Australia during 2017-18 was $49,805 per year.

In 2017-18 the Australian Capital Territory had the highest median income at $64,332 per year.
Tasmania had the lowest median income at $45,546 per year.

Median Income of Employees 2017-18:

(This covers employees Read the rest