When is pension day in victoria

We recommend that you do not rely on receiving your pension prior to the official Thursday pension payday. Search Search. Deferred Members. Pension Members. Your pension. Exchange for a lump sum. Pension payments. Help for families. About SASS. About SSS. About PSS. Scheme Legislation. Open Access Information. Complaints and Disputes. Depending on your level of income and the assets you own, you may qualify for either a full or part Age Pension. Learn more about how the assets test works.

This is known as the work bonus. Learn more about how the income test works. If you are over the threshold limits for a full Age Pension in either the assets or income tests or both , your Age Pension will be based on the test that delivers the lower amount.

This is a common question. The answer is you will be assessed under the income and assets tests as a couple and, if eligible, you will receive half the combined couple rate. This is best illustrated with an example. Bill reached his Age Pension eligibility age of 66 years in January He meets the Age Pension residency requirements and passed both the Assets and Income tests, not reaching the lower thresholds of either one.

However, his partner Sue is only 62 and she is therefore not yet old enough to be eligible for the Age Pension. He would not be eligible for the energy supplement because this is only available for people who had a Commonwealth Seniors Health Card before 20 September The minimum and maximum pension supplement amounts per fortnight for single and couple part pensioners are provided in the table below. Source: Services Australia. Figures correct as at 20 September You can arrange to have the pension supplement paid quarterly rather than fortnightly if you prefer, to help you budget for regular quarterly bills like electricity.

Unlike the Age Pension supplement, the energy supplement is only available to certain Age Pensioners. The Age Pension rates will next potentially change on 20 March In September the Age Pension rates did not increase, although that was for the first time since Age Pension rates and the upper thresholds for the assets and income tests used to determine eligibility for a part Age Pension are adjusted in March and September each year.

The lower limits used to determine eligibility for the full Age Pension change in July each year. The Age Pension is normally paid fortnightly, but you can apply to the Department of Human Services via Centrelink to receive weekly payments if you are:. Your future Age Pension entitlement will be adjusted for any advance payments you receive so you can repay amounts owing over time. To receive assistance, you must be paying a minimum amount of rent. Current rates for Age Pensioners without any dependent children are outlined in the table below.

Some Age Pensioners in Australia are on transitional pensions. Transitional pension rates are paid to people who would otherwise be getting a lower payment after changes to the income test were introduced in You should consider whether any information on SuperGuide is appropriate to you before acting on it.

If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement PDS or seek personal financial advice before making any investment decisions. After that, your pension payments will be deposited two banking days before the end of each month. In , we will deposit your monthly pension payment into your Canadian bank account on the dates listed below. For plan members living in the United States, your deposit date may vary from the scheduled date depending on U.

If you live overseas and receive direct deposit through Western Union GlobalPay Payee Manager, you can receive your international pension payment within five business days of the Canadian pension payment date.

If you are receiving direct deposit to a bank account outside of Canada and the United States, foreign currency exchange rates will be applied. How to manage your banking information.