Although it appears that support for old age pension recipients will be enhanced from April 2024 due to an increase in subsidies from the South African Social Security Agency, we are still regularly contacted by old age pension recipients who are struggling to make ends meet and are seeking support. It has been sent to.
Many older people say that despite government subsidies, one of the biggest challenges they face is affording ever-increasing utility bills. Pensioners have precious little financial support in their later years and are often forced to choose between paying for utilities and home maintenance, or spending money on food and regular medicine.
Support for old age pension recipients
But there's good news at the end. Additional financial support for old age pensioners is on the horizon in the DA-run Western Cape. this weekend, Cape City tweets on social media platform Xthe pensioner Over 60 years old You can apply for additional financial assistance from the city.
In addition, support for old age pensioners in financial need will be provided in the form of (maximum). 100% rebate About their fees. As stated on the Cape Town Government website, this assistance for old age pensioners applies even if they receive a social grant or a pension of less than a monthly amount. R22,000.
city of cape town
“The City of Cape Town wants to support more pensioners and provide support to the households that need it most. Eligible pensioners are eligible for the following rate rebates: . 10-100%” said Councilor Siseko Mbandezi of the Mayor's Committee on Finance.
Also, according to the city, approximately 10 156 Residents of the Western Cape meet the criteria for financial assistance for old age pensioners. these, 4 786 100% rebate eligible.
How the city rebate works
- 100%:If the household monthly income is below R7 500, receive a 100% rebate on real estate fees and deny removal upon approval of the application. This includes free treatment of 15 kiloliters of water and 10.5 kiloliters of sewage.If the asset value is: R450,000 You are also eligible. 192 500 Households across Cape Town are benefiting from this support.
trend: Good prospects for SASSA subsidy increase in April 2024
This financial assistance for old age pensioners applies if:
- You are a homeowner.
- Household income is less than R7,500 per month.
- You only own one property.
- You are a resident of the house.
- The house is used for residential purposes only.
- Even if you received the home in a divorce settlement or your spouse has passed away, you are still eligible.
- Pensions and social grants are the main source of income.
- 80%: The subsidy for old-age pensioners applies to real estate with an assessed value of 1 million yen. R5 million And below. Therefore, the R450,000 home equity value is not taken into account. this is, 700,000 Properties within the city.
To secure this additional financial support for your superannuation, you or a loved one can:
required documents
- Identity verification documents (identification card/card or passport)
- Bank statements for the past three months.
- Bond statements for the past three months.
- If the applicant inherited a house, real estate documents.
- Latest salary/pay stub or letter from employer stating income.
- Receiving a disability grant, maintenance grant or pension certificate.
- An affidavit stating that you are unemployed (if applicable).
- An affidavit stating that you have no other sources of income (if applicable).
Read next: Good prospects for SASSA subsidy increase in April 2024
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