“Can you recommend a bank or institution where I can deposit my $85,000 at 3% interest?” This question was posted by a certain Leah Sheridan in the comments section of the blogpost we published on 15 July discussing the changes in the deeming...
Centrelink Age Pension Articles
Super Pension, how will this impact your Age Pension application?
You’ve worked hard all your life and you’ve grown your super into a nice nest egg. Now you’re thinking about converting it to an Account-Based Pension or maybe you already have, but you’re wondering how this will impact your age pension application? In order...
Age Pension Stories #3: ‘I Found An Easy Way to Apply for Age Pension’
The Age Pension is something that many senior Australians are looking forward to getting when they retire. But sadly, the process of accessing the Pension is currently filled with unnecessary hurdles like laborious paperwork and long wait times....
Changes to the Deeming Rules
Yesterday’s announcement by the Australian Government regarding changes to deeming rates will put money back into the pockets of Senior Australians receiving the Age Pension. What are deeming rates and how does it impact your Pension? Deeming is Centrelink’s...
Increase to Age Pension age effective from 1 July 2019. What else is changing?
From today the qualifying age for the Age Pension is increasing to 66. Back in 2017, the Department of Human Services announced that it would increase the qualifying age to get Age Pension by 6 months every two years, and this will continue until it reaches...
Age Pension Stories #2 – “Applying for the Pension was hard work”
Many senior Australians are now facing unnecessary hurdles to access the Age Pension entitlements they rely on to cover their living expenses. The laborious paperwork, the long wait times, and the complex process all seems unfair in a country like Australia....
Age Pension Stories #1 – “Centrelink incorrectly declined my Pension”
The Age Pension has been the foundation of Australia’s retirement income system with around 77% of Australians over the age of 65 receiving income support. Many senior Australians rely on the Age Pension to make ends meet, but the process for application is...
The Secret Formula To Getting Your Pension
Recently we had a chat with one elderly couple who said they wish someone had pulled them aside when they started their application journey and shared this information with them. It would have saved a ton of time and literally thousands of dollars. So we’re...
Federal Budget 2019: What Can Seniors Expect?
The 2019 Federal Budget is scheduled to be handed down on April 2 (Tuesday) barely a month before the election. Prime Minister Scott Morrison promises to deliver a budget surplus (estimated at $1.3 billion); a move backed by economists from the National...