Centrelink Age Pension Articles

Will spending boost your Age Pension?

Will spending boost your Age Pension?

What if spending some of your savings could actually increase your income in retirement? For people with assets just above the Age Pension cut-off, that’s not just wishful thinking—it’s a real and measurable opportunity. From 20 March 2025, the updated Age...

The deeming rate danger spot

The deeming rate danger spot

How $314,000 affects Lorraine’s Age Pension Lorraine is 71, lives in a home she owns outright, and has $314,000 in financial assets. Her savings are carefully invested in a term deposit and an Account-Based Pension (ABP). She lives modestly, doesn’t consider...

Updating Centrelink: When assets go down

Updating Centrelink: When assets go down

As evidenced in the strategy suggested by Andrew Dunkerley for June and Marcus, a downturn in assets is not 100% negative for those receiving Age Pension entitlements. Andrew projected the result of the decline in the couple’s assets would lead to a boost of...

The good guide to updating Centrelink

The good guide to updating Centrelink

What Centrelink knows or doesn’t  There’s a lot of confusion about what Centrelink knows, what it updates automatically, and what you need to report yourself. Many people assume Centrelink has direct access to their tax records, bank accounts, and...

Income and assets limits changes 20 March 2025

Income and assets limits changes 20 March 2025

How will these affect you? Last week we confirmed the 20 March Age Pension rate increase of $4.60 (singles) and $7.00 (couples combined) for 20 March. This week we are pleased to confirm that all Retirement Essentials calculators have been updated with the...