what are pensioners getting from the budget 2022?
The amount retirees can earn before their pension is reduced will increase from $7,800 to $11,800. And $74 million will be made available to encourage retirees to downsize homes, including by extending the asset-testing exemption for home sale proceeds from 12 months to 24 months.
what are pensioners getting from the budget 2022?
The government promised to “promote student welfare” after the pandemic at a cost of $204 million. Schools can use the funding for a range of measures including mental health support, excursions, and sports and social activities. There is also $271 million to improve ventilation and air quality, as well as larger renovations at public schools.
Nearly $70 million has been set aside to increase the income threshold for a health card for seniors from $61,284 to $90,000 for individuals and from $98,054 to $144,000 (combined) for couples. The amount retirees can earn before their pension is reduced will increase from $7,800 to $11,800. And $74 million will be made available to encourage retirees to downsize homes, including by extending the asset-testing exemption for home sale proceeds from 12 months to 24 months.