Patience is a virtue. But why wait for months to get your Age Pension if there’s a faster option? The current average wait time for an Age Pension approval is 49 days, but there are stories of seniors waiting much longer for their entitlements. The...
New Age Pension payment rates and Income and Asset test thresholds have come into effect today. Age Pension Payment Rate Changes Centrelink has reviewed and increased Age Pension payment rates. For senior Australians who are receiving the full Age Pension...
In this post let's discuss an important cultural issue in Australia. The dignity of the age pension and the courage it takes to ask for a helping hand. The measure of a society is how it supports its senior citizens, and this is an idea that's been...
“Can you recommend a bank or institution where I can deposit my $85,000 at 3% interest?” This question was posted by a certain Leah Sheridan in the comments section of the blogpost we published on 15 July discussing the changes in the deeming...
You’ve worked hard all your life and you’ve grown your super into a nice nest egg. Now you’re thinking about converting it to an Account-Based Pension or maybe you already have, but you’re wondering how this will impact your age pension application? In order...
The Age Pension is something that many senior Australians are looking forward to getting when they retire. But sadly, the process of accessing the Pension is currently filled with unnecessary hurdles like laborious paperwork and long wait times....
Yesterday’s announcement by the Australian Government regarding changes to deeming rates will put money back into the pockets of Senior Australians receiving the Age Pension. What are deeming rates and how does it impact your Pension? Deeming is Centrelink’s...
From today the qualifying age for the Age Pension is increasing to 66. Back in 2017, the Department of Human Services announced that it would increase the qualifying age to get Age Pension by 6 months every two years, and this will continue until it reaches...
Many senior Australians are now facing unnecessary hurdles to access the Age Pension entitlements they rely on to cover their living expenses. The laborious paperwork, the long wait times, and the complex process all seems unfair in a country like Australia....