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...
“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 rules Unfortunately, we...
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 to be...
Retirement Essentials is excited to share that we have been has been selected by Feedspot’s panelists as one of the Top 10 Australian Retirement Blogs on the web Our aim is to provide, useful educative content to inform retirees about all the news relevant for...
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. There are even cases...
