Earn up to $250 a fortnight without affecting your age pension
What is it?
The work bonus scheme allows an age pension to earn $250 a fortnight without affecting the age pension.
How does it work?
$250 of income per fortnight is not included in the Income Test for the age Pension.
Also, if you don’t earn $250 in a fortnight, the amount is added to a total amount you can earn without your age pension being impacted - up to $6 500 per year.
Eligibility for the Age Pension is complicated. Working out how much you can earn may be more complicated.
It is worthwhile getting the whole story if you have the opportunity (and desire) to work, and you are concerned about eligibility for the Age Pension.
The story could be better than you think.