Budget 2017-18: Pensioner Concession Card – reinstatement Information update: This Budget measure is subject to the passage of legislation. Pensioner Concession Card reinstatement Pensioner Concession Card. While 93,000 pensioners will see their Pensioner Concession Cards reinstated in October, there are some who, due to the timing of when they lost their Age Pension, won't. Description of the measure This measure restores the Pensioner Concession Card (PCC) to people who stopped being eligible for a pension payment due to changes to the assets test. These former part-pensioners lost the card in January as a consequence of reforms to the pension assets test, which were designed to make the pension system more affordable and sustainable for the future. The good news is that the Government has passed legislation to reinstate the Pensioner Concession Card for those who lost their eligibility as a result of the 1 January 2017 changes. Unfairness in reinstatement of Pensioner Concession Cards
Qualification.
Federal Member for Hume Angus Taylor has announced that access to the Pensioner Concession Card will be restored to 92,300 people nationally - including 554 Hume constituents - who lost it under the asset changes in 1 January 2017.. This reinstatement comes after changes were announced by the Turnbull Government in the Federal Budget last week. While this helped soften the blow, the Pensioner Concession Card did offer access to a wider range of discounts than these cards combined, which would have been particularly valuable given the loss of Age Pension payments for these former recipients.We are experts in optimising Centrelink entitlements, in the broader context of our clients’ retirement planning. David is one such pensioner who is so incensed, he decided to contact What are your thoughts? Anyone who has lost eligibility since this date as a result to changes in their personal financial circumstances will not receive these automatically reinstated Pensioner Concession Cards.Corporate Authorised Representative of BWA Financial Group Pty Ltd ABN 35 618 500 922, AFSL 498086. FONT SIZE: Hard-working member for Capricornia, Michelle Landry, said these former part-pensioners, who lost the card in January as a consequence of reforms to the pension assets test, had taken enough of a hit. I received a phone call today from your department in reply to an email I sent on Friday regarding the Pensioner Concession Card. These cards will be sent to eligible recipients from 9 October 2017, and will not be income or asset tested.It is important to note that these cards will only be issued to those who lost eligibility as a result of the 1 January 2017 asset test changes. Will you also miss out on having your Pensioner Concession Card reinstated? The measure will cost $3.1 million. Pensioner Concession Card reinstatement. Pensioner Concession Cards reinstated for 828 Wide Bay former part-pensioners More than 800 former part-pensioners in Wide Bay will have their Pensioner Concession Card (PCC) reinstated from today.
David speaks out about the unfairness of Pensioner Concession Card reinstatement. The PCC is automatically provided to recipients of pension payments, the Service Pension, the veterans’ Income Support Supplement, and to some allowance payment recipients in special circumstances. The Pensioner Concession Card assists pensioners and selected benefit recipients with certain living costs by allowing access to specific goods and services at a concessional rate.
Reinstatement of Pensioner Concession Card September 13, 2017 Kane Quickensted Centrelink , News 1 January 2017 saw a significant change to the asset test eligibility thresholds for the Centrelink Age Pension , with around 90,000 Australians losing all entitlements to the Age Pension, including access to the Pensioner Concession Card. Pensioner Concession Card reinstated for former Capricornia part-pensioners Former part-pensioners in Capricornia will have their Pensioner Concession Card (PCC) reinstated from this week. Federal Member for Mitchell, the Hon Alex Hawke MP, said former part-pensioners in Mitchell will have their Pensioner Concession Card (PCC) reinstated from this week. This process is an important step to allowing us to develop a plan... Beach Wealth Advisers will work with you to determine your individual financial and lifestyle goals and needs.