The legislation to significantly increase the cut-off limit for entitlement to the Seniors Health Care has been enacted. Now the relevant cut-off limits are $90,000 for a single (previously $61,284) and $144,000 for a couple (previously $98,054). These new limits will be subject to the normal annual indexation cycle which applies each September. The new limits apply from 4 November 2022 and so will be indexed on 20 September 2023.
Seniors Health Card
Centrelink status of pensions – the Reiter case
The salutary lesson to be learned from this case is that before any action is taken in respect of superannuation pension, always consider whether the pension is subject to Centrelink “pension grandfathering”.
Dear Client: Is your Seniors Health Card at risk from 1 January 2015?
How can advisers help clients get or retain a Seniors Health Card in 2015? … by quarantining assets and thus income produced from pool of assessable assets.
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