Re: State Pension to Rise
Originally Posted by
realspeed
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But will that apply to us who are already on a state pension? there is already an inbalance with new pensioners being entitled to more than existing ones
Just as a matter of interest how does that work?
Here all pensioners get the same amount subject to the same rules (ie means tested) and their pension is tied to a percentage of the average male wage and increased every 6 months in September and March.
There is a possibility that in the future the energy supplement added to compensate for the now deceased carbon tax could be removed from future pensioners but only if the government could get it through the senate however that seems unlikely.
Currently the pension is:
Singles $894.40 per fortnight (~£450) incl $14.10 energy sup
Couples $1,348.40 per fortnight (~£680) incl $21.20 energy sup
The last rise on the 20th Sept was a massive $5.10 pf for singles