With inflation heading steadily upwards, predictions for a substantial September 20 Age Pension increase are firming. Last week Treasurer Jim Chalmers endorsed the likelihood of such a pension boost, declaring: ‘We understand that pensioners are doing it...
Will Steve lose his pension? This week we received a question from Steve who is due to inherit a sizable amount of money. But he’s worried that this will be to the detriment of his part Age Pension entitlement. Here’s what he asked us. Steve: Hi, I’m a 68...
The start of a new financial year is a great time to review strategies and settings in order to maximise your retirement income This week we look at three ‘big dollar’ decisions – and why knowing the detail and/or seeking advice can save you more in the long...
How much can you earn? Allowing retirees to earn more, whilst retaining their Age Pension eligibility, is a move that’s gaining momentum. A doubling of the current work bonus, from $7800 per annum to $15,600 without financial penalty has a lot of support....
Eight ways your finances could change This year there are a flurry of financial changes coming through on 1 July. Some may dramatically affect your retirement income possibilities. At the very least, they should encourage you to review your current settings...
As we reported last week, the qualifying limits for the Age Pension will change on 1 July. These changes are significant and therefore are likely to have a major impact upon your pension eligibility, as well as the amount of your fortnightly entitlements....
Sliding assets and rising rates deliver a bonus You’ve seen the headlines. Share markets around the world and here in Australia have been taking a tumble. In mid-June, the US share market is down just over 20% since the beginning of calendar year 2022. ...
Seven rules explained If it’s true that a picture is worth 1000 words when it comes to understanding, then our plain English answers to our member’s Centrelink questions also comes very close. In the past few weeks the very knowledgeable Steven Sadler (who...
Good things are going to happen on July 1 for the millions of Australians who are on an Age Pension – and hundreds of thousands of others who might now qualify. You may be surprised by this as generally speaking major Age Pension changes only happen twice a...