Budget 2023 - what’s in it for older Australians? Federal Treasurer Jim Chalmers has handed down the May 2023 Federal Budget. There weren’t a lot of surprises but there are a few nice bonuses for older Australians. Before we start, it's important...
Centrelink Age Pension Articles
Bumper end of financial year update :
Bumper end of financial year update: What you need to know and do before 30 June With just six weeks to go to the end of the financial year, it’s a great time to review the things you can do to ensure you are using tax, super and Age Pension rules to your...
July 1 changes for retirees: will you be affected?
Knowing which changes will occur on July 1 2023 is mandatory for those both in retirement or planning to be in the near future. Changes are coming to eligibility age for the Age Pension, income and asset thresholds for those on a full Age Pension and some...
Three ways the Age Pension gets better with age
Retirement can be a time of uncertainty for many people when it comes to managing their finances. As we age, our financial needs can change. However, there is one benefit that becomes increasingly valuable as we age, and that’s the Age Pension. The Age...
Federal Budget 2023 – what we’d like to see for retirees
Federal Budget 2023-2024: What we’d like to see Our goal at Retirement Essentials is simple. It is to help all older Australians to enjoy their best possible retirement. This we do by providing financial guidance and support when it comes to managing your...
Income benefit – claim this credit before it expires
Income benefit: Claim your credit before it expires A popular recent article explained how changes to income thresholds now mean that a couple who hadn’t yet retired could now be eligible for an Age Pension owing to threshold changes. And that, along with...
What Centrelink can do … and what it can’t
What Centrelink can do And what it can’t Recent reports on Centrelink surveillance of clients have rung alarm bells. It’s easy, as a recipient of government benefits, to feel powerless in the face of a large bureaucracy. You are not powerless. In fact, as...
What you don’t know … might be hurting your finances
What you don’t know … … might be hurting your finances We’re always seeking insights into ways to help our members maximise their retirement savings and income. But what you don't know might be hurting your finances. What often comes up in advice...
Means testing just got simpler – how taper rates work
Means testing just got simpler: Here’s how it works The application of the Age Pension means test to your income or assets means the difference between a higher or lower pension payment – or whether you receive one at all. We know the very term ‘taper rates’...