Tapping into the “Grey Economy”
Rev. Bill Crews chats to Ian Henschke from National Seniors Australia about the barriers to pensioners filling skills gaps.
Currently, those on the Age Pension are allowed to earn a “Work Bonus” of $300 a fortnight for a single person, or $320 a fortnight for a couple. For every dollar earned above that amount, pension payments are reduced by 50 cents on every dollar.
The Work Bonus will be increased from December 1, taking it from $7,800 a year to $11,800 for this financial year. But the measure will expire on July 1.
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