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...
Patience is a virtue. But why wait for months to get your Age Pension if there’s a faster option? The current average wait time for an Age Pension approval is 49 days, but there are stories of seniors waiting much longer for their entitlements. The ‘ridiculous’ Age...
Darren Moffatt from Seniors First shares a case study of how a Reverse Mortgage can make a huge difference to the lives of Age Pensioners who are struggling to make ends meet. *Oliver and Charlotte are age pensioners who worked hard all their lives and are proud that...
New Age Pension payment rates and Income and Asset test thresholds have come into effect today. Age Pension Payment Rate Changes Centrelink has reviewed and increased Age Pension payment rates. For senior Australians who are receiving the full Age Pension this...
In this post let’s discuss an important cultural issue in Australia. The dignity of the age pension and the courage it takes to ask for a helping hand. The measure of a society is how it supports its senior citizens, and this is an idea that’s been known...
