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An Age Pension can be more valuable than cash in the bank

July 7, 2023 BY

Age Pension recipients are automatically granted a Pensioner Concessions Card, as well as other benefits.

Being eligible for a full or part Age Pension in Australia means much, much more than a top up of cash each fortnight.

The Pensioner Concession Card benefits delivered to Age Pension recipients are often more widely valued than the fortnightly cash payment from Centrelink.

With recent changes affecting eligibility for the age pension, many Australians retirement plans are being revised.

Why is eligibility for an Age Pension so important for so many Australian seniors?

While a reduction in fortnightly Age Pension rates for many Australian seniors is tough, the other benefits being eligible for an Age Pension bring, remain. Age Pension recipients are automatically granted a Pensioner Concessions Card (servicesaustralia.gov.au/pensioner-concession-card).

Here is a list of some of the benefits of holding a Pensioner Concessions Card:

On top of these benefits, keep in mind that you may be entitled to the benefits of a Commonwealth Seniors Health Card (servicesaustralia.gov.au/commonwealth-seniors-health-card).

Keep a watchful eye on the Centrelink (servicesaustralia.gov.au/centrelink) and Services Australia’s (servicesaustralia.gov.au) websites to stay up to date with discounts and concessions available to you.

For more information on Health and Concession Cards that you may be entitled to, head to servicesaustralia.gov.au/concession-and-health-care-cards

If you would like to learn more, you are invited to join us for an informative session and complimentary two-course meal with Heidi Schwegler, Certified Financial Planner at the Armstrong Green Clubhouse, in Armstrong Creek.

Head to rcavillages.com.au/news/52403-financial-matters-with-heidi-schwelger for information and to register today.

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