The Australian Government will reconcile United Kingdom (UK) pension data with Centrelink's records of payments reported by Age Pension recipients. This will help prevent debts arising from non-reporting or under reporting of UK pension income and improve the accuracy of Age Pension paid to former UK residents now residing in Australia.
Some 190,000 Age Pension customers receiving UK pensions will have their payments reviewed.
This measure builds on the 2005-06 Budget measure Age Pension - Detection and Prevention of Incorrect Payments Arising from Overseas Income, targeted at agreement countries.
The measure will commence on 1 July 2007.
Total Government Funding:
This measure is expected to lead to a net saving of $22.1 million over three years.