RE: [bapanews] Frozen Pensions - impact on Aus pensions
Ellen
Good morning Elizabeth
Generally your Australian pension reduces by 50c for every dollar income you have – so you get to keep 50% of the increased UK pension.
If you’re on a part pension it could push you to a position where you get no Australian pension, then you’d be keeping all the increase (rather than 50%) but you might lose access to concession cards.
If you have no, or very low other income (under $4700 pa) your Australian pension is not reduced at all.
Circumstances where you would be worse off are extremely small I think. The exact impact depends entirely on your personal circumstances.
Details here : https://www.servicesaustralia.gov.au/income-test-for-pensions?context=22526
Sorry to send to all, don’t think we can reply otherwise. There might be others who are not sure as well.
Kind regards
Ellen
From: bapa...@googlegroups.com <bapa...@googlegroups.com> On Behalf Of elizabeth Harvey
Sent: Wednesday, 13 April 2022 9:16 PM
To: bapa...@googlegroups.com
Subject: Re: [bapanews] Frozen Pensions
Great letter Tony.
However, I have a question regarding the frozen UK pensions, of which I am a receiver. I have never really understood how it would affect our Australian Pension if the UK pensions were "unfrozen" and we were given all future increases. Will we be worse off or better off....??
Apologies for showing my ignorance but I would be grateful if someone could give me a simple answer.
Many thanks
Elizabeth Harvey
On Wed, Apr 13, 2022 at 7:07 PM Tony OMahony <alpha...@gmail.com> wrote:
Hello Paul Swain
Today I delivered my letter to Julian Simmonds MP for Ryan (Qld), attached.
Ryan covers the western suburbs of Brisbane and is not technically a marginal but there is a strong Green presence incl a Green member for Qld parliament seat of Maiwar which is part of the Ryan electorate and their candidate could be in with a chance depending on preferences.
Feel free to use some or all of my text if you wish.
Aside: at the counter I received an attentive listening but got an attempted brush off with the claim that the government was "in caretaker mode" which I rebutted.
Sincerely
Tony O'Mahony
--Tony O'Mahony
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