Sentences with phrase «pension asset tests»
If you move into a residential care facility without selling your home, it will be exempt from the age pension assets test for 2 years from the date you move into care.
https://www.moneysmart.gov.au/ Not exact matches
One step would be stress testing, engaging pension funds and companies to examine if they hold carbon - intensive assets on their books, said Martin Skancke, who spoke on the first panel and is chairman of the Advisory Council of Principles for Responsible Investing, a U.N. - supported initiative that has helped formulate a widely followed voluntary protocol of responsible investment criteria.
A good «stress test» would be to project your resources solely on your personal assets and pensions.
Your eligibility for the age pension is worked out by taking into account how much income you get (the income test) and how much your assets are worth (the assets test).
The assets test is used to work out your rate of Age Pension based on the value of your assets, including property.
Your pension balance will be counted as an asset under the asset test.
Your age pension entitlement depends on the value of your assets (the assets test) and the income you receive (the income test).
For details of your Age Pension eligibility, and the income and assets tests, go to the Department of Human Services website.
The Financial Information Service officer tells her that the $ 300,000 will be counted towards the assets test for her Age pension.
I recall reading that NZ does not have an assets test when applying for the Age Pension.
If you are paid a pension that is means tested, the DHS or DVA will already hold some of your income and asset details and you will only need to complete some parts of the form.
It is assumed you are eligible for the age pension if you qualify under the assets test and income test applied by the Department of Human Services.
If you're under age pension age, your superannuation investments don't count in the income and assets tests.
Once you reach age pension age your superannuation investments will count in the income and assets tests.