Aged pensioners will be able to earn an extra $50 per fortnight without affecting their payments, as part of a suite of measures designed to give older Australians greater choice and financial security.<\/p>\n
The pension work bonus will also be expanded to allow self-employed retirees to earn up to $300 per fortnight without copping a whack to their pensions.<\/p>\n
“The government is helping Australians to work for as long as they want, laying the foundations for a secure retirement,” Health Minister Greg Hunt said in a statement on Tuesday.<\/p>\n
More than $250 million over five years will go towards measures enhancing the standard of living of older Australians.<\/p>\n
The various announcements are intended to complement funding for an extra 14,000 high-level home care packages so people can stay in their homes longer if they wish.<\/p>\n
Up to $10,000 in wage subsidies will be provided to employers who take on staff aged over 50, with further incentives provided to upskill mature aged workers.<\/p>\n
The pensions loan scheme will be opened up to all older Australians, allowing couples to boost their retirement incomes by up to $17,800 without affecting their eligibility for benefits.<\/p>\n
This will enable people to use the equity in their homes to increase their incomes.<\/p>\n
Pension means test rules will also be changed to boost an uptake of lifetime retirement income products, encouraging more retirees to manage the risk of outliving their savings.<\/p>\n
AAP<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Older Australians are being enticed into work through a raft of pension sweeteners outlined in the federal budget.<\/p>\n","protected":false},"author":1,"featured_media":671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,130],"tags":[145,146,98],"class_list":["post-667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-people-culture","tag-budget","tag-pensioners","tag-work"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/posts\/667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/comments?post=667"}],"version-history":[{"count":3,"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/posts\/667\/revisions"}],"predecessor-version":[{"id":673,"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/posts\/667\/revisions\/673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/media\/671"}],"wp:attachment":[{"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/media?parent=667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/categories?post=667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.careerone.com.au\/career-advice\/wp-json\/wp\/v2\/tags?post=667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}