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Australian Pension Age Calculator |
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Australian Pension Age Calculator instructions Enter your date of birth into the three fields provided. Days in the first as a one or two digit number, month in the second as a one or two digit number and year in the third as a four digit number. Then press Submit.
The results show:
The results returned is based on the information provided on the Human Services site on August 2019. The retirement age was changing and every two years the retirement age is 6 months later. The transition period has now finished and the retirement age is now 67. Why was this happening.? To save the government money. Each year a person is delayed from getting the pension was around a $17,000 saving to the government and a $17,000 loss to the person. A total saving for the government of potentially $34,000 and a potential loss to the individual of $34,000. OVer the years with the pension being indexed, the saving for the government and the loss for the individual increases. If you're reaching pension age note that you can apply for the pension 3 months before reaching pension age. You should apply early (subject to your situation) as it can take months before your pension application is approved. By applying early I received my first pension payments about two weeks after turning 67. |
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More calculators and web apps can be found at www.JustLocal.com.au. Centrelink Aged Pension Calculator. Excellent for working out how much you may get. Centrelink Age Pension Calculator. Disclaimer The Pension Age Calculator comes with no warranty expressed or implied. The Pension Age Calculator is only for informational purposes and is not guaranteed to be error free. The information on this page is not intended to be advice. |
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