Services Australia Announces Major Overhaul to Centrelink Debt Repayments—What You Need to Know Before December

Services Australia Announces Major Overhaul to Centrelink Debt Repayments

Services Australia is updating its Centrelink debt repayment process starting December 19, 2024. Individuals repaying debt must transition to new payment methods, such as online payments, BPAY, and direct debit, as outdated forms like foreign currency cheques will no longer be accepted. Learn more about the changes and how to ensure a smooth transition before the deadline.

Social Security Announces 2 More New Changes After The COLA – Everything is Going to Change for Retirees

Social Security Announces 2 More New Changes After The COLA

The Social Security Administration has announced two significant changes following the 2024 COLA adjustment: an increase in the taxable maximum earnings limit and a shift in the Full Retirement Age (FRA) for those born in 1959. These updates will impact when and how much retirees receive in benefits, making it essential for future retirees to stay informed and plan accordingly.