Old Age pension Questions

[grim101]

Just want some advice regrarding old age pension.

Scenario:

Husband and wife
61 years old & 55 years old
combined income under - R75000 per annum
Combined assets under - R1mil

They both work part time but gets less than R75000 per annum salary combined.

If the 61 year old applies for old age pension will he get the full R1700 a month??

He paid his taxes all his life so I figure he can use that money for spoiling himself every month.

Any advice will be appreciated.

 

[broloks]

from http://www.sassa.gov.za/index.php/k...ns?download=763:you-and-your-grants-2018-2019

The applicant:
• must be a South African citizen;
permanent resident or refugee
• must be resident in South Africa;
• Must be 60 years or older
• and spouse must comply with the
means test;
• must not be maintained or cared for in a
State Institution;
• must not be in receipt of another
social grant for him/ herself;
• must submit a 13 digit bar coded
identity document or the smart ID
card.

Asset And Income Threshold (Amount as of 01 April 2018):

* Asset threshold:
Single person R 1 115 400
Married person R 2 230 800

* Income threshold: (Annual amounts)
Single person R 78 120
Married person R 156 240

 

[grim101]

So he will get the full amount?