Australians will be offered more incentives to keep working while they receive the Age Pension or income support as part of a federal jobs plan that warns of skills shortages.
Australians will be offered more incentives to keep working while they receive the Age Pension or income support as part of a federal jobs plan that warns of looming skills shortages that will sap economic growth.
A program permitting pensioners to keep more of their payments while working has been made permanent.While the work bonus does not operate as a payment, it gives pensioners an incentive to work by allowing them to keep more of their pension when they earn money from a job. It operates in addition to the pension “income-free area” that is worth $204 a fortnight for single pensioners.
The help for people with concession cards is expected to benefit about 138,000 recipients each year and will cost taxpayers $42.8 million over the next four years.It will apply to those on JobSeeker, Youth Allowance, Austudy, ABSTUDY, Parenting Payment, Age Pension, Disability Support Pension and Carer Payment.
As well, projections from Victoria University show that digital and technology jobs will grow by 21 per cent by 2033.
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