Many older Australians would love to receive a Universal Pension – one that is simply paid to everyone above age 67 without the need to go through torturous income and asset reporting. But these two tests are the mainstay of Age Pension eligibility. Today we are sharing a refresher on the way the asset test is applied by Centrelink and how knowing the rules can help you to maximise your entitlements.
You may recall in the wake of the May 2023-24 Federal Budget that we reported on a welcome energy rebate of up to $500 for most senior Australians. Today we follow up with news of what you need to do to ensure you receive these funds. They will not necessarily be automatically credited to your account. You may need to take action to make these payments happen.
Articles and information on superannuation usually fall into one of two types – what you need to know when you are saving it, and what you need to know when you are spending it. Much of the coverage of superannuation funds can be similarly narrow. Comparing year-on-year or month-on-month returns gets a lot of attention. But there are so many more aspects to super than just annual returns. Today we focus on five different ways you can evaluate your fund to ensure that you are getting value for money.
Here’s our five-point checklist to guide you through your evaluation.