When you need help and support it can be frustrating to find support services closed. This is particularly the case over the Christmas New Year break. To help you we have compiled this summary of Centrelink opening hours and reporting timetable. Centrelink...
This is a very common and important question because there are limits to how much you can give away without an impact on your payments. The limits are part of the gifting rules. Gifting rules apply not only to people who are already receiving the Age...
Some things you can’t ‘untell’ Centrelink - Tips and traps for overseas travellers With international borders finally reopening many older Australians are keen to head overseas. But leaving Australia – particularly where you go and for how long – can have a...
The Australian government offers a Pension Loans Scheme (PLS) to retirees who wish to access the equity in their home so that they can top up their retirement income. The scheme was first introduced in 1985 and expanded in 2019 to widen eligibility, and...
As you are aware, most older Australians can qualify for some type of entitlement. This might be a full or part Age Pension, a Commonwealth Seniors Health Card, for those not on a pension, or other special government supplements. What tends to fly under the...
How Tom turned $6 into thousands The team at Retirement Essentials doesn’t believe in ‘get rich quick’ schemes. We’re more impressed by slow and steady wealth creation. But we do recognise the significant financial gains there are to be made by those who...
Retirement money mistake Number 5 can sometimes cost you the most. This happens when you don’t know what you don’t know and make decisions based on a poor understanding of the rules. Remember the excitement of turning 21? The best part of becoming an adult...
Australian household debt is the highest in the world. And at an all-time high at the time of writing. The ratio of household spending to income is now above 200%. Yes that means on average people are spending double what they are earning. . How did we get...
On January 1, 2017, there was a major change in the assets test for those on an Age Pension. Whilst the assets test threshold increased (the good news), the taper rate doubled, meaning that those on a part pension, with assets over the threshold, lost their...