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Pension Bonus For Seniors wh owork

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Seniors who stay in the workforce can now keep more of their pension, thanks to changes introduced today (July 1, 2011).

McMahon federal MP Chris Bowen said the Seniors Work Bonus will enable pensioners to earn up to $250 a fortnight without it counting towards the pension income test.

Pensioners can also accrue an income bank of up to $6500 of additional income.

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