Age Benefit
Sir, —Would you tell me how much money a single person can have in the savings bank and still receive the age benefit? I understand a married couple can have £5OO each, and draw the interest.—Yours, etc., WONDERING. August 25, 1959.
[The Registrar of the Social Security Department (Mr G. A. McGregor) said that for a single beneficiary the age benefit was reduced by £1 for every complete £l5 by which his accumulated property, including bank accounts, exceeded £750. For a married couple, each benefit was reduced by £1 for every complete £l5 by which their accumulated property, including bank accounts, exceeded £1500.]
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19590831.2.10.4
Bibliographic details
Press, Volume XCVIII, Issue 28987, 31 August 1959, Page 3
Word Count
105Age Benefit Press, Volume XCVIII, Issue 28987, 31 August 1959, Page 3
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Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
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