Читать книгу 101 Ways to Save Money on Your Tax - Legally! 2022-2023 - Adrian Raftery - Страница 64

Senior Australians who are over Age Pension age but still participate in the workforce can keep more of their pension when they have earnings from working via the Work Bonus incentive. The Work Bonus allows an eligible pensioner to earn an extra $300 per fortnight from employment before it affects their pension rate. Single pensioners can effectively earn $480 per fortnight (being $300 from Work Bonus and the $180 income test free threshold) and still receive the maximum rate of pension.

Any unused part of the $300 fortnightly Work Bonus exemption amount can be accrued in a Work Bonus income bank, up to a maximum of $7800. The income bank amount is not time limited; if unused, it can carry forward into future years (although note that the maximum amount that could be accumulated in the Work Bonus income bank prior to 1 July 2019 was $6500).