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...
In line with its election commitment, incoming Social Services Minister, Amanda Rishworth, has announced that the termination of the cashless pension card is now underway. This announcement by the Minister coincided with a report from the Australian National...
During our Pillars of Retirement series we have received lots of feedback and commentary on the first of the pillars - The Age Pension. Many of our members find dealing with Centrelink extremely frustrating and many others find the system extremely unfair....
Over the last few weeks we have been running a Pillars of Retirement series. This series outlines the many ways people fund their retirement. These five major pillars are: The Age Pension. For most people this is the most important source of income in...
And why does Centrelink care? A few weeks ago we recounted how the gifting rules worked for Mary, Jeffrey and Hannah. We received a lot of questions from members who were totally confused as to whether they had loaned or gifted money to family and friends....