SCOA Australia’s President, Dr Annette Barbetti, today commented on the recent federal Budget, welcoming the reinstatement of the Pensioner Concession Card and the one-off Energy Assistance Payment of $75 to single Age Pensioners and $125 for couples, adding that “this payment will no doubt prove to be only a small fraction of the increase in energy costs expected to occur this winter”.

SCOA also commented on other proposed Budget measures, including the increase in the Medicare Levy and the lifting of the freeze on the indexation of the Medicare rebate, as well as the ability of those over the age of 65 who downsize to deposit up to $300,000 ($600,000 for couples) from the sale of their home into superannuation as a non-concessional contribution without any work test or age restriction.

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Canberra

16 May 2017