by James Coyle | Jun 21, 2023 | Planning for Retirement, Retirement Income
Are you retire fit? Handy five-point checklist Running enthusiasts take marathons seriously. They establish fitness and running routines months in advance, measure their progress to ensure they have all the necessities in place for the big day – and the...
by James Coyle | Jun 21, 2023 | Centrelink Age Pension, Retirement Income
How love can affect your income Frank Sinatra sang that ‘Love and Marriage’ went together like a ‘horse and carriage’ back in 1955. But that was a lifetime ago, and relationships and money are now viewed entirely differently. Marriage is far less frequent, with many...
by James Coyle | Jun 16, 2023 | Centrelink Age Pension
Deeming rates 1 July: Here come higher thresholds Last week we alerted you to changes in income and assets thresholds for Age Pension eligibility, starting 1 July. We also noted that there would be an important change to the thresholds for deeming rates. This change...
by James Coyle | Jun 14, 2023 | Centrelink Age Pension, Planning for Retirement
Planning to retire after 30 June? Here’s what you need to know now Moving from full time work to retirement is a huge step. There are many aspects to think about and many important decisions to make. Some are financial, many are emotional and others will relate to...
by James Coyle | Jun 14, 2023 | Centrelink Age Pension
Giving while living: End of financial year rules on gifts and loans There’s an old joke. Never get between a freeloader and a buffet lunch. Here’s a different version. Never get between a doting parent and their adult children’s’ needs. We know this adage...
by James Coyle | Jun 8, 2023 | Centrelink Age Pension
Age Pension increases from 1 July 2023: What you need to know We previously reported that Age Pension thresholds will change on 1 July this year. We now know by how much and who will be affected. Whilst the changes won’t go live until 1 July, the rates for each...
by James Coyle | Jun 8, 2023 | Centrelink Age Pension
Increase in Age Pension age to 70: Is this a good idea? On 1 July, the Age Pension eligibility age will increase to 67, the final incremental increase in a process that started in 2017 when the eligibility age was 65. . Unlike the situation in France, where the...
by James Coyle | Jun 8, 2023 | Planning for Retirement, Retirement Income
What happens to retirement savings and income when inflation is high? Inflation is having a major impact on most Australian households, affecting both young and old. Last week the Reserve Bank again raised interest rates, to an 11-year high of 4.1 per cent. You may...
by James Coyle | Jun 1, 2023 | Centrelink Age Pension, Commonwealth Seniors Health Card
Which concession card is best for Ken? Last week we had a call from Ken who was very confused about his health card entitlement. Which prompted us to share the following comparison of concession cards so you know which one best suits your age and stage. Ken is single...
by James Coyle | May 31, 2023 | Retirement Income, Superannuation
Transfer Balance Cap explained Will you be affected on 1 July? On 6 February we reported that Consumer Price Indexation of the $1.7 million super Transfer Balance Cap means it will increase to $1.9 million on 1 July. That change has now been confirmed and it will make...
