by James Coyle | Jul 4, 2022 | Centrelink Age Pension
How much can you earn? Allowing retirees to earn more, whilst retaining their Age Pension eligibility, is a move that’s gaining momentum. A doubling of the current work bonus, from $7800 per annum to $15,600 without financial penalty has a lot of support. The proposed...
by James Coyle | Jun 27, 2022 | Retirement Income
Tax rules for retirees Thursday marks the end of financial year 2022. Or the EOFY as it’s now commonly known. Many people assume – incorrectly – that retirees who don’t earn income don’t need to file anything. This is not true. There are two points to make here....
by James Coyle | Jun 27, 2022 | Centrelink Age Pension
Eight ways your finances could change This year there are a flurry of financial changes coming through on 1 July. Some may dramatically affect your retirement income possibilities. At the very least, they should encourage you to review your current settings and...
by James Coyle | Jun 27, 2022 | Commonwealth Seniors Health Card
CSHC Eligibility Update During the recent Federal Election campaign both the Liberal National Party Coalition and the Labor Party promised to widen the eligibility of the Commonwealth Seniors Health Card (CSHC). The increased thresholds will allow an extra...
by James Coyle | Jun 20, 2022 | Centrelink Age Pension
As we reported last week, the qualifying limits for the Age Pension will change on 1 July. These changes are significant and therefore are likely to have a major impact upon your pension eligibility, as well as the amount of your fortnightly entitlements. The good...
by James Coyle | Jun 20, 2022 | Centrelink Age Pension
Sliding assets and rising rates deliver a bonus You’ve seen the headlines. Share markets around the world and here in Australia have been taking a tumble. In mid-June, the US share market is down just over 20% since the beginning of calendar year 2022. The...
by James Coyle | Jun 20, 2022 | Centrelink Age Pension
Seven rules explained If it’s true that a picture is worth 1000 words when it comes to understanding, then our plain English answers to our member’s Centrelink questions also comes very close. In the past few weeks the very knowledgeable Steven Sadler (who heads up...
by James Coyle | Jun 10, 2022 | Centrelink Age Pension
Good things are going to happen on July 1 for the millions of Australians who are on an Age Pension – and hundreds of thousands of others who might now qualify. You may be surprised by this as generally speaking major Age Pension changes only happen twice a year – on...
by James Coyle | Jun 10, 2022 | Retirement Spending
The current economic climate has been described as a ‘crisis’ by incoming Treasurer, Jim Chalmers. Whether rising prices and interest rates do indeed constitute a crisis is arguable. But it’s fair to say that most Australians are very concerned about the rapidly...
by James Coyle | Jun 10, 2022 | Centrelink Age Pension
In line with its election commitment, incoming Social Services Minister, Amanda Rishworth, has announced that the termination of the cashless pension card is now underway. This announcement by the Minister coincided with a report from the Australian National Audit...
