Last week we alerted you to changes in income and assets thresholds for Age Pension eligibility, starting 1 July. We also noted that there would be an important change to the thresholds for deeming rates.
James Coyle
James has over 35 years experience in financial services with particular expertise in two of the key components of retirement finance - Superannuation and the Age Pension. He is passionate about providing the guidance and support that can help older Australians enjoy their best possible retirement.
He lives in regional Victoria surrounded by dogs and chooks.
Planning to retire soon? Here’s the rules you need to know
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 relate to your personal goals, your family situation, your idea of what a fun retirement looks like.
Giving while living – end of financial year rules that matter
Attitudes towards family money transfers vary. Some will subscribe to the so-called SKI theory and ‘spend the kids’ inheritance’ very happily. Others often live frugally in order to leave a substantial bequest. But both these habits are increasingly giving way to the growing trend towards ‘giving while living’.