Planning to retire after 30 June? Here’s what you need to know now Moving from full time work to retirement is a huge step. There are many aspects to think about and many important decisions to make. Some are financial, many are emotional and others will...
Giving while living: End of financial year rules on gifts and loans There’s an old joke. Never get between a freeloader and a buffet lunch. Here’s a different version. Never get between a doting parent and their adult children’s’ needs. We know this...
Age Pension increases from 1 July 2023: What you need to know We previously reported that Age Pension thresholds will change on 1 July this year. We now know by how much and who will be affected. Whilst the changes won’t go live until 1 July, the rates for...
Increase in Age Pension age to 70: Is this a good idea? On 1 July, the Age Pension eligibility age will increase to 67, the final incremental increase in a process that started in 2017 when the eligibility age was 65. . Unlike the situation in France, where...
Which concession card is best for Ken? Last week we had a call from Ken who was very confused about his health card entitlement. Which prompted us to share the following comparison of concession cards so you know which one best suits your age and stage. Ken...
We frequently write about simple steps that you can make to improve your Age Pension entitlements. This can include: Revaluing their personal assets. Hint: Garage sale value, not what you would pay for them new. Organising household assets so a greater...
On 1 July the income and assets thresholds for Age Pensions will change. This is a timely reminder for people who have previously been ineligible that it’s worth taking another look. We’ll let you know as soon as Centrelink announces the new amounts....
What went wrong? Five reasons Age Pension applications can fail Being entitled to an Age Pension doesn’t mean you’ll automatically receive your fortnightly payments from Day One of your retirement. Being entitled doesn’t even mean your application will be...
Your home and the Age Pension rules: Frequently Asked Questions A couple of weeks ago Jock asked our team the reason why he needed to prove ownership of his home for 20-plus years, in order to qualify for an Age Pension. Our Customer Services Team leader,...