Retire Right

347 age pension updates, deeming rises, concession cards & the work bonus explained


Listen Later

Due to popular demand, Justin Bott from Services Australia returns to the show to chat with Glen about the major Centrelink changes, a 101 on concession cards + the work bonus. They talk about:


πŸ‘‰ indexation changes to pensions - what increased

πŸ‘‰πŸΌ how the assets test and income test actually work

πŸ‘‰πŸ½ what is deeming

πŸ‘‰πŸΎ the new deeming rates

πŸ‘‰πŸΏ benefits of deeming

πŸ‘‰πŸ» Commonwealth Seniors Health Card - who’s eligible + the benefits

πŸ‘‰ Medicare safety net tips

πŸ‘‰πŸΌ applying for a commonwealth seniors health card

πŸ‘‰πŸΎ Seniors Card & Pensioner Concession card eligibility + benefits

πŸ‘‰πŸΏ Low Income Health Care card eligibility + benefits

πŸ‘‰πŸ» the work bonus explained

πŸ‘‰ work bonus case study example


Watch Retire Right on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_Z


If you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-help


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To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.


Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313.

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Retire RightBy Glen James


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