Source: Unsplash/Nathan Dumlao
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Seniors will soon be able to earn more money without their fortnightly age pension being affected.
New laws being introduced to federal parliament on Wednesday will give a $4,000 boost to those on the pension who are also in a form of employment.
Under the proposal, the maximum work bonus balance limit will be increased from $7,800 to $11,800 from the start of next year.
Social Services Minister Amanda Rishworth said the new laws would remove obstacles to those on the pension looking to return to work in some capacity.
“Many older Australians are choosing to supplement their age pension with paid work, and good on them,” she said.
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