Pensioner Work Bonus limits
Effective from 1st January 2024, eligible pensioners will be able to earn more income without having their pension reduced
.
The government's decision to permanently increase the maximum Work Bonus income bank balance limit to $11,800. The balance had originally been set to fall back to $7,800 from January 1.
Pensioners can currently earn up to $300 in income each fortnight without it being counted under the pension income test. That means, for example, that when also taking the pension income free area into account, a single pensioner can earn $504 a fortnight while still receiving the maximum pension.