SOCIAL SECURITY
Sir-Can you give me the answer to these questions?: (1). A city worker aged 60, unmartied, owns town sections valued at £1,250. If he sells his sections, buys a town home and retires from work-he has no life insurance and no other investments — is he eligible for social security allowance? (2). If instead of buying a house in town he buys a cottage and enough land in the country to run a few cows or sheep, is he still eligible? (3). How much does he receive in each case?
INQUIRER
_ (Martinborough).
The Director of Social Security replies as follows: While there is a deduction in respect of the of an applicant for age benefit, in determining such property no account is’ taken of any interest in land, including any mortgage on land. The fact that an applicant may own a section either in the town or in the country will not of itself affect his right to age benefit, but of course the income from this source would be charged. From the information given it would seem that the person referred to would qualify for the full age benefit of £78 a year provided the income from other sources did not exceed £52 a year.
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https://paperspast.natlib.govt.nz/periodicals/NZLIST19410328.2.7.10
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New Zealand Listener, Volume 4, Issue 92, 28 March 1941, Page 10
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207SOCIAL SECURITY New Zealand Listener, Volume 4, Issue 92, 28 March 1941, Page 10
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