by James Coyle | Feb 10, 2023 | Centrelink Age Pension
What does the ‘Bring-Forward’ rule mean? Who can use it? There were multiple changes in superannuation last year, many in relation to non-concessional super contributions. In particular, as we reported, the ages at which different types of contributions can be made...
by James Coyle | Feb 9, 2023 | Centrelink Age Pension
All you need to know in 2023 The Age Pension provides core funding for about seven out of 10 Australian retirees. The stated intention of this entitlement, according to the responsible department, the Department of Social Services, is to to support the basic...
by James Coyle | Jan 31, 2023 | Centrelink Age Pension
Understanding Age Pension increases: Do they cover cost of living? Back in December we reported on the likely Age Pension increases due on 20 March 2023. At that time the annual Consumer Price Index was 6.9% and the most recent Pensioner and Beneficiary Living Cost...
by James Coyle | Jan 31, 2023 | Centrelink Age Pension, Retirement Income
Higher super caps in July: But beware the detail It’s worth remembering that the Consumer Price Index (CPI) is relevant to all retirees, not just those receiving an Age Pension. Increases in the CPI can also trigger major changes in superannuation rules for those who...
by James Coyle | Jan 31, 2023 | Centrelink Age Pension
Top five wins for retirees … …in 2022 and beyond What were the changes/issues that most affected retirees income in 2022? It’s easy to feel rattled such frequent headlines of interest rate rises and galloping inflation – particularly when you are trying to...
by James Coyle | Jan 30, 2023 | Planning for Retirement
Timing retirement: How to hit the sweet spot Is 2023 the year you will finally step back from full-time work? If so, which factors will persuade you? A veritable industry has sprung up offering advice on how best to time your retirement. But when it all boils...
by James Coyle | Jan 30, 2023 | Planning for Retirement
Surprise survey results Retirement Pulse question: If you had $100,000 to invest which of the following would best describe your approach to the money? I would invest aggressively to achieve a high return, even if it involved a high level of risk. 5% I would...
by James Coyle | Jan 17, 2023 | Planning for Retirement
Sharon Sheehan has more than 20 years’ experience in financial planning, including six years during which she ran her own business. For a while she worked in the more technical paraplanning area, but quickly realised it was helping people that was the most...
by James Coyle | Jan 17, 2023 | Commonwealth Seniors Health Card
30% cut on PBS As announced in the October 2022 Federal Budget, from January 1 this year, Pharmaceutical Benefits Scheme (PBS) medications now cost $30 per prescription, down from $42.50. This is the first time in its 75-year history that the maximum amount...
by James Coyle | Jan 17, 2023 | Centrelink Age Pension
Centrelink rules in action Disappointing scorecard We often mention the 80/80 rule of retirement income. For a good reason. This is a reminder that, by their eighth decade, 80% of Australians will be on at least a part Age Pension. A significant majority (67%)...
