Gerald will soon lose his Disability Support Pension and wants to know if he’ll also have his Pensioner Concession Card (PCC) cancelled. Today, we’ll explain his options, should his card be cancelled.
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Q. Gerald
I am on a Centrelink Disability Support Pension, which will cease in 2018 when I turn 65.5 years of age.
At the moment my SMSF is not included in the asset test but as the value of the super fund is approximately $900k and I am a single homeowner, this alone would make me ineligible for an Age Pension.
I have had a pensioner’s concession card for 10+ years. Will this be cancelled due to the high value of my super fund?
A. Unfortunately, if you no longer receive a payment from Centrelink then your Pensioner Concession Card (PCC) will be cancelled.
However, if your income is below the required threshold, you may be eligible for a Commonwealth Seniors Health Card (CSHC). Although the concessions available with a CSHC are not as comprehensive as those granted to PCC holders, you will receive concessions on medical services and prescription medicines.
All content on YourLifeChoices website is of a general nature and has been prepared without taking into account your objectives, financial situation or needs. It has been prepared with due care but no guarantees are provided for ongoing accuracy or relevance. Before making a decision based on this information, you should consider its appropriateness in regard to your own circumstances. You should seek professional advice from a Centrelink Financial Information Services officer, financial planner, lawyer or tax agent in relation to any aspects that affect your financial and legal circumstances.
If you have a Centrelink question, please send it to [email protected] and we’ll do our best to answer it for you.
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