What is Pension Day and Family Payment Day in Australia?
The title pretty much says it. My parents went to Australia and brought me back a calendar. I see those days every other week, throughout the year, but I can't find a good explanation on what they are. Probably because they're just apart of Australian society. So can I get a decent explanation of what those days mean?
Best Answer
Those are the days that the government deposits into your account either your retirement pension money or money due you to help support your children. The latter has income, residency, and other requirements.
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What is Australian pension day?
A 'pension period' is 14 days long, starting on a Tuesday and ending a fortnight later on the Monday before pension payday. Your pension instalment is the sum of the pension amounts you are entitled to for each of the 14 days in the pension period.What day of the week is pension paid?
The day your pension is paid depends on your National Insurance number....Your payment day.Last 2 digits of your National Insurance numberPayment day of the week00 to 19Monday20 to 39Tuesday40 to 59Wednesday60 to 79Thursday1 more rowHow often do pensioners get paid?
How is it paid? It's usually paid every four weeks in arrears. State Pension is taxable but paid before any tax is taken.Is the aged pension paid weekly?
We pay the full amount of these payments to you each fortnight.Age Pension Australia - The Easy Guide
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