News on pension work bonuses and superannuation

COTA Australia has welcomed an increase of $50 a fortnight in the amount of money pensioners can earn without affecting the age pension income test, as well as changes to the pension loan scheme and retirement income options.Click here for more details on changes to pension arrangements.At the same time, COTA calls on all parties and independents to ratify in the House of Representatives the Bill to strengthen the superannuation system by consolidating inactive super accounts, banning exit fees and reducing fees on low balance accounts.For more information about the superannuation Bill, click here.