Social Security
Sir, —Your reports and comments on parliamentary news are very helpful in these days of ever-changing laws, particularly where they explain figures which cannot be readily grasped over tile radio. In your issue of October 20 your report makes the position clear re age benefits and allowable income; but many aged people do not understand the capital means test and fcel-ihat savers are being discriminated against. Is the capital means test still that the age-benefit will be reduced by £1 a year for every £lO of net “accumulated property” possessed by the applicant?—l am, etc., H.F.xl. Wanganui, October 21. ‘
[The Social Security Department, to which tlie above question was referred, states: The benefit is reduced by £1 for every £lO of the capital after the first £5OO, which is exempt-. Capital does not include laud, or any interest iu land.]
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https://paperspast.natlib.govt.nz/newspapers/DOM19451026.2.29.3
Bibliographic details
Dominion, Volume 39, Issue 27, 26 October 1945, Page 6
Word Count
142Social Security Dominion, Volume 39, Issue 27, 26 October 1945, Page 6
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