by James Coyle | Sep 19, 2022 | Superannuation
My super is tanking: Should I withdraw my super? This question arrived at the end of last week. And it’s easy to see why. The ASX All Ordinaries index dropped by 2.51% in a single day, recovered by 0.15% on Thursday and then dropped again by 1.51% on Friday. This...
by James Coyle | Sep 19, 2022 | Retirement Income
How can you earn extra in retirement? Even we were surprised at the strong response to our update on the new work bonus rules. It seems that there is no shortage of pent-up demand for retirees to work more to earn extra in retirement. But despite the announcement of...
by James Coyle | Sep 16, 2022 | Commonwealth Seniors Health Card
Commonwealth Seniors Health Card Everything you need to know about this ‘gold’ savings card? The Commonwealth Seniors Health Card (CSHC) is often considered the gold standard of concession cards. It was first introduced in 1994 in order to give low income retirees...
by James Coyle | Sep 9, 2022 | Commonwealth Seniors Health Card
New thresholds for the Commonwealth Seniors Health Card commence on the 4th of November 2022. The increased thresholds are great news for older Australians as there is no asset test for the Commonwealth Seniors Health Card meaning many more people will be eligible. We...
by James Coyle | Sep 9, 2022 | Retirement Income
A guaranteed income in retirement sounds terrific doesn’t it? You don’t need to keep working and the money rolls in every month. That might sound like a pipe dream for many people but it is actually the reality for most Australians. The reason for this is the Age...
by James Coyle | Sep 9, 2022 | Centrelink Age Pension
Age Pension income and assets thresholds Last week we shared the news about the largest Age Pension increase for 12 years. We also mentioned the increase to the Age Pension income and assets thresholds, but these changes were somewhat overshadowed by the extra $38.90...
by James Coyle | Sep 8, 2022 | Commonwealth Seniors Health Card
Health care card A health care card can provide enormous benefits. But it can be very confusing to know which card you can get and what the benefits will be. We’ve decided to bring together all the different types of health care cards, the rules of entitlement and...
by James Coyle | Sep 5, 2022 | Retirement Income
Your retirement income should be pretty steady right? You know what you are getting and probably adjust your spending accordingly. That’s the way many people think and for the most part that’s okay. But sometimes we aren’t aware of some of the risks, and mistakes,...
by James Coyle | Sep 5, 2022 | Centrelink Age Pension
Biggest increase in 12 years Last Monday the Minister for Social Services, Amanda Rishworth, announced the largest increase in the Age Pension for 12 years, effective September 20. The full range of welfare increases will affect 4.7 million Australians. The new...
by James Coyle | Sep 5, 2022 | Centrelink Age Pension
Work bonus change for retirees Last week’s Jobs and Skills Summit produced 36 concrete actions to reduce Australian workforce and skill shortages. The one of most interest to older Australians is the change in the rules on income and the Age Pension. The new measure...
