Tell me about the Pension Bonus Scheme
June 28, 2008 by admin · Comments Off
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Q. On your radio segment on the 1st June 2008 I only heard the end of a comment about pension age people who are not taking the pension but are being rewarded somehow.
As I missed the bulk of the conversation would you be able to provide some more information or direct me to a website. Some background for you.
My pension age parents and myself are farmers and as my parents have a large asset base they are inelligible for the age pension amongst other benefits.
As the farm is to be handed down to me, the “asset” is really a business. They refuse to give any asset away before the execution of their will and as such haven’t planned ahead for this situation.
A: You are referring to the Pension Bonus Scheme (PBS) which has been in operation since 1998 and just like yourself very few people have even heard of it.
The PBS is to reward people who work past age pension age, currently 65 years if Read more
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