Make sure you’re ready for July 1

Cockburn Gazette - - NEWS - Nick Bru­in­ing

FAS­TEN your seat­belts – a mas­sive wave of change is about to hit all of us on July 1.

From young work­ers through to pen­sion­ers, ig­nore them and you could miss out on thou­sands.

If you re­ceive any­thing from Cen­tre­link, July 1 is when means test thresh­olds rise. If you’re al­ready on the max­i­mum rate of pen­sion or an al­lowance like New­start this won’t mat­ter, but if your benefit is clipped be­cause of the in­come or as­set test, ex­pect a pay rise.

It’s also a great time to en­sure as­set val­ues Cen­tre­link are us­ing are up to date – your five-year-old car you bought five years ago will have de­pre­ci­ated.

If you’re an age pen­sioner, you’ll be able to take ad­van­tage of an en­hanced work­ing bonus sys­tem. In a nut­shell, you can earn up to $300 a fortnight from em­ploy­ment be­fore the in­come test starts to kick in. A sin­gle could earn up to $472 and an el­i­gi­ble cou­ple a com­bined $904 a fortnight be­fore los­ing any pen­sion.

The new rules ex­tend to in­clude the self-em­ployed for the first time. If you’ve got a small su­per fund that’s been in­ac­tive for 16 months, then watch out for the tax man. In­ac­tive means you’ve not made any changes or there’s been no con­tri­bu­tions made.

De­pend­ing on leg­is­la­tion be­ing passed by Par­lia­ment, we’ll hope­fully all be get­ting a boosted tax re­fund or at least a smaller tax debt this fi­nan­cial year.

The Gov­ern­ment’s tax cuts should re­sult in most tax­pay­ers get­ting a benefit worth up to $1080. Nick Bru­in­ing is a colum­nist for Your Money ev­ery Mon­day in The West Aus­tralian.

CITY OF COCK­BURN

The City of Cock­burn has a range of se­nior dis­counts, re­bates and sub­si­dies avail­able for its res­i­dents.

Among those is the Lo­cal Gov­ern­ment Rates Re­bate, which gives Cock­burn home­own­ers with a valid con­ces­sion card a dis­count on their rates. Pen­sioner Con­ces­sion Card and State Con­ces­sion Card hold­ers, as well as those with both a Com­mon­wealth Se­niors Health Care Card and WA Se­niors Card, can get a re­bate of up to 50 per cent on their rates.

Those with a WA Se­niors Card are el­i­gi­ble for a 25 per cent re­bate.

The City also of­fers var­i­ous sub­si­dies to help se­niors im­prove se­cu­rity, in­clud­ing $300 for roller shut­ters, $200 for a home in­truder alarm and $100 per se­cu­rity screen door.

Cock­burn Li­braries of­fer a home li­brary ser­vice which can de­liver books and other ma­te­ri­als on loan. The Cock­burn Se­niors Cen­tre is for those aged over 50 and of­fers free groups lo­cals can join, as well as classes, out­ings and ac­tiv­i­ties at a small cost.

Visit www.cock­burn.wa. gov.au for more in­for­ma­tion.

STATE GOV­ERN­MENT

Art Gallery of WA: free of charge ex­cept ma­jor ex­hi­bi­tions.

WA Maritime Mu­seum: 50 per cent off the ad­mis­sion fee, ex­cept on the sec­ond Tues­day of each month when ad­mis­sion is free.

Lo­cal Gov­ern­ment Rates Re­bate: a re­bate or a de­fer­ment on an­nual rates charged by lo­cal gov­ern­ment.

Spec­ta­cles Sub­sidy Scheme: up to $53.85 sub­sidy to el­i­gi­ble ap­pli­cants ev­ery two years.

Cost of Liv­ing Re­bate: To get an ap­pli­ca­tion form, con­tact the WA Se­niors Card Cen­tre on 6551 8800 or 1800 671 233 (coun­try free call) or email se­[email protected]

Emer­gency Ser­vices Levy Re­bate: To re­ceive a con­ces­sion you must on July 1 of the cur­rent fi­nan­cial year own and oc­cupy the property as your ordinary place of res­i­dence

HBF Arena: re­duced fees for aquatic and health and fit­ness classes and en­try fees.

Perth Zoo En­try and Tours: re­duced fees are avail­able to hold­ers of valid con­ces­sion cards and se­niors from over­seas who are aged 65 years or more.

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