The Morrison Government has recently urged retirees to spend more of their retirement savings, particularly any super they might have. Why do they want retirees to spend their super? The Government’s recent Retirement Income Review highlighted that many retirees...
What are deeming rates? The way they work is that Centrelink determines that your financial assets are deemed to earn a certain rate of return, regardless of what they actually earn. This return is used to assess your eligibility for entitlements such as the Age...
We sometimes get asked by our readers whether there is anything they can do before the end of the financial year to improve their income in retirement. Here are a couple that relate to superannuation. Adding money to super Some people might be in a position to add...
One in five of the people we see still have a mortgage on their home. Many of them also have money in the bank, super or some other investments. For part pensioners this can sometimes be costly. This is because most part pensioners, and those that aren’t eligible...
The Pension Loan Scheme (PLS) was enhanced in the budget last week. Many of our readers have asked that we tell them a bit more about how this works. So what is it? The Pension Loan Scheme allows people to top up to an amount of up to 150 per cent – or 1.5 times –...
We are a diverse lot in Australia and there will be lots of opinions about what the Treasurer should include in the Federal budget. While we don’t have any inside knowledge we do hear from a lot of our customers and colleagues in the industry. So what are some of the...
