Join Free! | Login    
   Popular! Books, Stories, Articles, Poetry
Where Authors and Readers come together!


Featured Authors:  John Herlihy, iMichele Poague, iLori Maynard, iC Schutter, iRoxanne Howe-Murphy, iMargaret Doner, iFrank Whyte, i

  Home > Family > Articles Popular: Books, Stories, Articles, Poetry     

Vena McGrath

· + Follow Me
· Contact Me
· Books
· Articles
· News
· Stories
· Blog
· Messages
· 74 Titles
· 69 Reviews
· Save to My Library
· Share with Friends!
Member Since: Feb, 2004

Vena McGrath, click here to update your pages on AuthorsDen.

Books by Vena McGrath

Commonwealth Government Pension Bonus Scheme - Australia
by Vena McGrath   
Not "rated" by the Author.
Last edited: Friday, October 02, 2009
Posted: Saturday, June 20, 2009

  Print   Save    Follow    Share 

Recent articles by
Vena McGrath

The Drama of Having a New Home Built
Glaucoma Update July 2011
Anzac Day in Australia - 25 April 2010
Curvy Women on the Catwalk
Baby Nicholas, mother unknown
Glaucoma - Update March 2009
Government Stimulus Packages 2008/2009
           >> View all

Have you passed retirement age and are still working part-time or full-time? Have you registered for the Commonwealth Government Pension Bonus Scheme?

Through a good friend who is at the moment hospitalised with a dangerous infection from an operation last year, I learnt recently about the Bonus Pension Scheme.  I had heard previously that if a person worked 5 years longer than they needed to (meaning this person was entitled to receive the Commonwealth Age Pension and didn't register for it) then at the end of the 5 years a benefit of $30,000 would be paid, tax free.  I thought that it would just all happen naturally without having to fill in any paperwork.  After all, big brother and his sister know all about us especially if we pay taxes.

I was wrong!  My friend informed me that as I had just gone past the legal age of retirement and was still working (age 63.5 years) I should obtain the forms from Centrelink and register for the Pension Bonus Scheme.  I rang Centrelink and in a few days the forms arrived - along with a form to apply for the Commonwealth Seniors Health Card. 

I now work 4 days a week after cutting back last year.  It was either find some relief or give it up altogether.  If you earn over $50,000 gross a year then the bonus is reduced as per the guidelines but my gross income is now close to $48,000 so I am eligible for the full amount. - $33,000 for continuing work for 5 years.  Whilst I don't have any intention of working another 5 years, you only need to work 1 year to obtain a partial bonus - tax free.  The bonus for 1 year is approximately $1500 for a single person and it grows appreciably each year after.

Once I had the forms completed and had all my identity documents ready I went to a local Centrelink office and spent about 45 minutes with a consultant who checked that I had filled the papers in correctly.  I have since received confirmation that I have been accepted for the scheme.  So far I haven't heard anything back about the Commonwealth Health Card.  This would be a bonus because I have to spend almost $120 a month on eye drops and blood pressure medication.  With the health card I would only be paying out $20 a month - a big difference.

The latest news from the Government (a week ago) about the Pension Bonus Scheme is that it will end on 30 September 2009.  All people registered prior to that date will remain in the scheme but there will be no new applications accepted after 30 September 2009.

Anyone reading this who has passed the retirement age and is still working should contact Centrelink without delay and if eligible, become registered.  After all, we have worked for many years and paid taxes and medicare levies and private health insurance and every other charge they could throw at us, and we deserve at the end of our working lives to be rewarded.  My disappointment at the scheme is that there would be thousands of Australians (like me) that don't know about the scheme and will miss out on what they are entitled to.  Another well-planned scheme that the Government no doubt hoped not many would apply for.

So go for it!!!!!!  Get those forms and go and register.  For a couple of hours of your time you could end up with some extra cash to help your life along once you are no longer receiving a salary and are stuck on the pension and scratching to find enough money to live on.

Good luck everyone :)

Vena - 20 June 2009




I was very excited to receive the Commonwealth Health card.  I had applied for it but didn't think that I would receive it.  Now I get all my prescriptions for $5.30 instead of anything from $26.40 to $32.40.  That makes a big difference when you have 3 scripts a month and sometimes 4.

I also receive payments from Centrelink to help with utility bills, phone and internet.  This was an unexpected bonus.

So again, if you are working past retirement age, swallow your pride and go visit Centrelink to find out what benefits you are eligible for.  You've earned them!





Web Site: Secrets Lies & Chat

Want to review or comment on this article?
Click here to login!

Need a FREE Reader Membership?
Click here for your Membership!

Popular Family Articles
  1. A Last Letter from Dear Old Dad
  2. Independence Day
  3. A few thoughts on Christmas
  4. Learning to Be Kind
  5. Words Fail Me: The Harrowing Life of Careg
  7. It's Coming, It's ready, It's Here!
  8. Grandfather's Ramblings / Comentarios del
  9. All in a day's work!
  10. Alzyisms Part 7 - Partial Reconciliation

Gifts by Helen Vandepeer

A christmas story for children of all ages that can be enjoyed anytime of the year.Easy large print..  
BookAds by Silver, Gold and Platinum Members

Just Shut Up and Drive by Chynna Laird

One teen, one cranky old man and the open road. What could go wrong?..  
BookAds by Silver, Gold and Platinum Members

Authors alphabetically: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Featured Authors | New to AuthorsDen? | Add AuthorsDen to your Site
Share AD with your friends | Need Help? | About us

Problem with this page?   Report it to AuthorsDen
AuthorsDen, Inc. All rights reserved.