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....
The Age Pension has been the foundation of Australia’s retirement income system with around 77% of Australians over the age of 65 receiving income support. Many senior Australians rely on the Age Pension to make ends meet, but the process for application is...
Recently we had a chat with one elderly couple who said they wish someone had pulled them aside when they started their application journey and shared this information with them. It would have saved a ton of time and literally thousands of dollars. So we’re...
The 2019 Federal Budget is scheduled to be handed down on April 2 (Tuesday) barely a month before the election. Prime Minister Scott Morrison promises to deliver a budget surplus (estimated at $1.3 billion); a move backed by economists from the National...
Centrelink have released its regular change to Age Pension rates in an attempt to keep payments in line with inflation. These new rates are effective from 20 March 2019. Centrelink determines an applicant’s Age Pension entitlement and therefore their Age...
Senior Australians are being encouraged to stay in the workforce without affecting their Age Pension with the Work Bonus incentive program. The Work Bonus applies to anyone who is receiving the Age Pension and works for an employer on a part time, casual or...
Are you looking to get your Age Pension quicker and without the headache of having to go backwards and forwards with Centrelink? Retirement Essentials offers an Age Pension Application service that is simple to use and supported by specialists...