“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...
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...
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 67 years...
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. This is...
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 often...
Issues that concern Australian seniors take centre stage in this federal election. The Labor Party promises reforms that could improve the life of the retirees and their families and the Coalition seeks re-election by banking on their achievements and continuity of...
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 sharing...
