State Pension The State Pension gives you a regular taxable income for the rest of your life.
However the payments will be ending from 5 April Get started with Money Navigatorgiving you instant help based on your circumstances. Get started.
If you are unsure whether or not you would qualify for a payment, you should apply anyway. Generally payments are made up of a personal payment for yourself and extra amounts for your dependent spouse, civil partner or cohabitant and any dependent children. You should apply to the Department of Social Protection for your pension at least 3 months in advance.
If you are affected by this, you should have received a letter from the Department of Work and Pensions Additional pensioner s income and a follow up letter in the Autumn of Universal Credit — to help cover the costs of being a carer and housing. Find out more about Pension Credit.
Find out more about claiming Universal Credit. Help with Council Tax Whether you own your home or rent, you could be eligible for support from your local authority or the Welsh and Scottish Governments to help you pay your Council Tax Council Tax Benefit was abolished on 1 Aprilbut pensioners should find they qualify for the same amount of support locally.
Contact your local council to ask about support with Council Tax.
Listen Work Bonus The Work Bonus provides an incentive for pensioners over Age Pension age to work by allowing them to keep more of their pension when they have income from working. How does the Work Bonus affect pension rates? The Work Bonus increases the amount an eligible pensioner can earn from work before it affects their pension rate. The Work Bonus operates in addition to the pension income test free area.
In Northern Ireland, there is a system of rates instead of council tax. Domestic rates for residential properties are based on the value of your home on 1 January If you are on a low income, you may be entitled to rate relief.
Listen Working after pension age The Australian Government is assisting older Australians to work, if they are able and wish to do so. Seniors may have substantial income from work and still receive an Age Pension. Age Pension rules provide incentives for work, including part-time or casual work through the combined application of the pension income test and the Work Bonus. Work Bonus The Work Bonus provides an incentive for pensioners over Age Pension age to work, should they choose to do so, by allowing them to keep more of their pension when they have income from working. The amount accumulated in the income bank can be used to offset future income from work that would otherwise be assessable under the pension income test.
There are also allowances for lone pensioners people living alone aged 70 or over and disabled people. You can find out more on the NI Direct website. Help with heating costs Winter Fuel Payment This is a tax-free payment to help people born on or before 5 January keep warm during winter. Some people call it winter fuel allowance.
The amount paid depends on your age and who lives in your household. The letter will also explain how you can update any incorrect information, such as your bank details.