Many Seniors have seen their retirement savings take a hit over the last few months and interest rates are extremely low for those with money in bank deposits. While Seniors are quite rightly focused on their health and safety right now some are also looking for ways...
How does this impact your entitlements? The new Centrelink deeming rates are changing effective from the 1st of May. These changes will put money back into the pockets of senior Australians receiving the Age Pension, and may increase the number of Australians eligible...
When a retiree commences an account-based pension with their superannuation monies, it pays them an income. Account-based pensions are required by law to pay a minimum income every year which is referred to as the “minimum drawdown requirement” The Government is...
Help in a time of uncertainty In light of the current COVID-19 crisis, Australians of all ages are advised to stay at home, practise social distancing, and always wash hands. The risks are higher for older people and those with pre-existing conditions such as...
Living under one roof as individuals requires a lot more information to be provided to Centrelink so they can accurately assess whether you are indeed a couple or a single. To this end you will probably be required to complete the Centrelink Relationship...
Jim and Sue are both retired and their investment assets have recently reduced. They had a weekly income of $966 from a combination of the age pension and their own account based pensions. They are now interested in understanding how the reduction will impact their...
Centrelink have now announced the changes to Age Pension income and asset thresholds plus payment rates. For senior Australians receiving the full Age Pension this translates to an additional $7 per fortnight for singles and $10 per fortnight for couples combined:...
The benefits of keeping your money in super We often get asked the question,”When can I access my super and should I take it all out of my super fund?”. Obviously everyone has different circumstances, so there isn’t one right answer but here are some...
DID YOU KNOW: 75% of Older Australians surveyed by YourLifeChoices in 2018 say the rules and regulations of retirement income are too complicated. “They are not sure about Age Pension entitlements and could potentially be missing out on income that could help them...
According to a new study, Australian brands are largely ignoring the ‘elderly demographic’, despite the fact that this group has the highest levels of wealth and disposable income. They also spend more than millennials and Generation X. The WPP AUNZ report called...
