Senate debates

Monday, 17 September 2018

Questions without Notice

Pensions and Benefits

2:48 pm

Photo of Mitch FifieldMitch Fifield (Victoria, Liberal Party, Minister for Communications and the Arts) Share this | Hansard source

In this year's budget, the government announced a package of measures to help Australians to live longer, healthier and more active lives. This includes extending and expanding the pensioner work bonus to include self-employed pensioners and an increase in the bonus from $250 to $300 per fortnight, with the maximum accrual increasing from $6,500 to $7,800. Opening the pension loan scheme is another element—that's to all older Australians with securable real estate owned in Australia, including full-rate pensioners of age pension age and self-funded retirees—so a pensioner couple on maximum rate can boost their retirement income by up to $17,786.60 without impacting their eligibility for the pension or other benefits.

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