by James Coyle | Nov 17, 2023 | Retirement Spending
Quite a few members have recently contacted us with the same problem. Put simply, they are concerned that they are running short of money far too often and that they urgently need a re-set. Some members have chosen to proceed to an advice appointment. Others have just...
by James Coyle | Nov 17, 2023 | Retirement Income
The last day of October is the final date when individuals can file their tax returns unless they are represented by a tax agent. Many retirees – those on a Full Age Pension or those whose sole source of income is from their super – won’t be required to file a return....
by James Coyle | Nov 17, 2023 | Centrelink Age Pension
Sharing money with your loved ones has to be one of life’s greatest joys. But being penalised for doing so seems a bit unfair. We’ve recently received many questions about gifting and loans. Maybe its associated with rising cost of living and general housing...
by James Coyle | Nov 8, 2023 | Centrelink Age Pension
Deeming rates are no longer such a hot topic of conversation amongst retirees. And there’s a good reason for that. Going back a couple of years, they were a constant source of frustration. This frustration has largely evaporated. That’s because, during the...
by James Coyle | Nov 8, 2023 | Retirement Advice
The team at Retirement Essentials is always interested in how our members seek advice on money matters. And which type of advice works best for you. Last week we were contacted by Roger, and with his permission (and a change of names), we’re sharing some of the detail...
by James Coyle | Nov 8, 2023 | Centrelink Age Pension
Recent news reports that over-65s are better off living in New Zealand gained a lot of attention. And yes, in part, this is true. The freedom for older New Zealanders to work as much as they like and not lose their pension is particularly appealing for many...
by James Coyle | Nov 3, 2023 | Retirement Advice
The race that stops a nation takes off at 3pm on the first Tuesday of November. There’s thrills, spills, fancy headgear and this year gentlemen may even wear shorts! By 3.15 pm we’ll all know the winner and the bookies will be even richer. Most of us love being in a...
by James Coyle | Nov 3, 2023 | Centrelink Age Pension
Many older Australians would love to receive a Universal Pension – one that is simply paid to everyone above age 67 without the need to go through torturous income and asset reporting. But these two tests are the mainstay of Age Pension eligibility. Today we are...
by James Coyle | Nov 3, 2023 | Commonwealth Seniors Health Card
You may recall in the wake of the May 2023-24 Federal Budget that we reported on a welcome energy rebate of up to $500 for most senior Australians. Today we follow up with news of what you need to do to ensure you receive these funds. They will not necessarily be...
by James Coyle | Oct 26, 2023 | Superannuation
Articles and information on superannuation usually fall into one of two types – what you need to know when you are saving it, and what you need to know when you are spending it. Much of the coverage of superannuation funds can be similarly narrow. Comparing...
