Home' SA 50s Lifestyle : SA 50s Summer 12 13 Contents 22 Summer 2012
Visit our website: www.sa50slifestylenews.com.au
Seniors Information Service – People Helping People
T 8168 8776 and talk to a real person who will
handle your enquiry. Country residents call toll-free
1800 636 368
76 Waymouth St Adelaide and browse our extensive
range of brochures, booklets and information sheets
SIS is a Hearing Friendly location with disability access
SIS services are available in 15 community
www.seniors.asn.au for information & links to other
websites. Join us on Facebook & follow us on Twitter
Consultation with an Information Officer is available
free of charge & is confidential. Bookings are required
Access for seniors and training is free. Bookings for
training are required
We provide information to community groups and
organisations and will come to you. Call us to make a
Volunteers are a vital part of SIS to provide
information in our community. Please call
8168 8776 if you can help us to help others
We are seeking IT savvy people to help us to help the
community understand digital and new IT technologies.
Please contact us if you have any time (big or small) to
teach our seniors how to access the internet, use iPads
Everyone is welcome at SIS!
IT Volunteers needed?
Help Line: (08) 8168 8776
76 Waymouth Street, Adelaide
Are you (or someone you
know) planning to retire
in the next 1 to 6 months?
The University of South Australia wants
to track people’s health and well-being
as they transition into retirement.
Think you might be able to help?
Please phone 8302 1741 or
for further information
More to retirement
Getting ready for retirement?
Getting your finances in order? Most
people prepare financially for their
retirement, however few give much
thought or attention to how they will
realistically spend those years.
Professor Tim Olds and Dr Carol
Maher at the University of South
Australia are currently conducting
a study examining daily activity
patterns and health and happiness
across the transition to retirement,
and can share a few retirement living
suggestions which may be of benefit.
Self-funded retirees continue to benefit
under Household Assistance Package
You may be aware of recent
significant changes to Australia’s
tax system and the extra benefits
available from the Australian
Government as part of the
Household Assistance Package. This
targeted assistance and tax cuts
provide additional help with everyday
expenses for seniors, families and
parents, and individuals.
A number of factors influence
everyday expenses. For instance,
rising electricity prices have resulted
mainly from utility companies
upgrading ageing equipment and
expanding their networks. Also, there
are flow-on effects from the recently
introduced carbon price.
Since July 1, 2012 around 500 of
Australia’s top producers of carbon
pay a carbon price. The Australian
Government is using more than
50 per cent of the money raised
to help millions of Australians who
need help the most with ongoing
assistance, tax cuts, or both, with
the rest going towards supporting
jobs in the most affected industries
and building a clean energy future.
Understanding how the tax system
changes and also how the ongoing
assistance works will help people
to plan their budgets. Since July 1,
2012 all taxpayers earning less than
$80,000 got a tax cut.
The tax-free threshold has more than
tripled, from $6,000 to $18,200,
which means that many more
Australians earning lower incomes
– whether from employment or
investments – will not be required to
pay any tax this financial year.
Also, self -funded retirees who
receive the Seniors Supplement
have already received an initial
payment of $250 for singles and
$190 for each member of a couple.
That payment – the Clean Energy
Advance – was made directly
into bank accounts as part of the
Household Assistance Package.
Senior Supplement recipients
will also be eligible for additional
ongoing support – the Clean Energy
Supplement – paid in arrears from
June next year with their quarterly
Some self-funded retirees do not
pay tax because of tax concessions
available for some types of
superannuation income for people
aged 60 and over. If you have
superannuation income and do not
receive the Seniors Supplement
or another Government payment,
you may be eligible to receive the
$300 Low Income Supplement. To
be eligible your adjusted taxable
income, including any tax free
superannuation payments, must
be below $30,000 for singles or
$45,000 combined for couples – or
$60,000 if you have a dependent
The Low Income Supplement is
based on income in the previous
financial year – not current income.
You can find a self assessment tool
to determine your eligibility at www.
To check on your entitlements
under the Household Assistance
Package, visit www.australia.gov.
au/householdassistance for more
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