Organise your household assets to maximise your Age Pension entitlements
Can transferring assets help you maximise your Age Pension entitlements?
It may if the younger individual in the relationship is under 67 years old and their superannuation is still in an accumulation account
There are a few things to consider including:
- The younger partner must be under Age Pension age
- Is the younger spouse under the maximum contribution limits?
- What are the tax implications for the younger partner’s super?
John and Carols recent consultation led to significant increases in their entitlements
John and Carol met with Megan recently. John 67 had just retired whilst Carol 62 was still enjoying working part time earning $15,000 pa. Carol said she would work until age 67. They own their own home with no mortgage.
John and Carol wanted to make sure they had enough money to live on in retirement and after meeting with Megan were pleasantly surprised to find that by transferring some of their money to Carol’s super, they could receive higher Age Pension entitlements than they were currently receiving. Megan showed them that transferring $250,000 to Carol could get them an extra $11,348* in the first year increasing to over $16K* the year before Carol retired.
Could you benefit by re-organising your household assets?
Retirement Essentials advisers offer three options to help you maximise your entitlements
Entitlements Consultation
The smart way to get all your entitlements
- Covers the age pension and health card
- Providing information by answering all your Centrelink questions
- Discussing your specific situation & determining eligibility
- Providing guidance to understand the application process
- Giving you confidence and providing clarity
- 30 minute phone call
Phone Application
Help you complete the Centrelink application form
- Book a convenient time for us to call you and complete your application over the phone.
- We can answer any questions you have and clarify queries based on your situation.
- This service is an additional cost of $150 to the application fee.
- 45 minute video/phone call
Strategy Consultation
Deal with your most important issue
- Answer your retirement planning questions including reviewing or comparing your options
- See how much you can safely spend throughout your retirement, to avoid running out of money
- Identify changes you could consider, discussing tradeoffs and considerations to improve your retirement outcomes
- Evaluate potential opportunities to maximise Age Pension
- 55 minute video call
Unsure whether we can help you?
Book a free 10 minute conversation
In our work with thousands of Australians we have found most are able to make some simple changes that can improve their financial circumstances. Changes that can result in them getting more Government entitlements, ensuring they take advantage of the often complex rules surrounding super or gaining confidence with their retirement plans.
However, we also know it can sometimes be confusing and difficult to get started. Which is why we are offering limited opportunities to have a quick obligation free 10 minute call with one of our Advisers.
Book now
To understand if any of our services would be beneficial to you and learn how we can help you.
You can only book a conversation up to 14 days in advance. New bookings will become available every day.
Feedback from our customers
“Website provided clarity of purpose of the advice consultation. It was easy to book an online appointment, and the fee was fair. Joining the online video meeting was easy. Nicole was very helpful in providing relevant information and I understood it was general advice, however, it was very helpful and did clear up some misunderstandings that I had about the Centrelink process.”
“Megan answered my questions in a precise and easy to understand manner. She was very knowledgeable, and I found the portal screen easy to understand.”
“Nicole answered all of our questions to our satisfaction and provided additional insights regarding other options we had not considered, full marks.”