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 | 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...
by James Coyle | Jun 6, 2022 | Planning for Retirement
When lack of confidence costs you money When it comes to retirement income, there is no better way to learn what retirees want and need than to ask them directly. And this is exactly what Retirement Essentials did in a recent survey designed to better understand how...
by James Coyle | Jun 6, 2022 | Retirement Income
One of the major myths about retirees is that they don’t work. This is the opposite of what’s really happening. Many retirees are still in the paid work force, albeit working fewer hours. Just as many others are beavering away doing volunteer work. In fact It’s...
by James Coyle | Jun 6, 2022 | Retirement Spending
Last week the Association of Super Funds of Australia (ASFA) released its March quarter Retirement Standard which measures household costs for those in retirement. The news isn’t good, with annual percentage increases the largest since 2010. The ASFA Retirement...
by James Coyle | May 30, 2022 | Centrelink Age Pension
During our Pillars of Retirement series we have received lots of feedback and commentary on the first of the pillars – The Age Pension. Many of our members find dealing with Centrelink extremely frustrating and many others find the system extremely unfair. We...
by James Coyle | May 30, 2022 | Retirement Income
This week we turn to the fourth pillar of retirement income – private savings. As we reported in our other story this week, a significant proportion of Retirement Essentials members (71%) reported that they are accessing private savings or investments as one of the...
by James Coyle | May 30, 2022 | Centrelink Age Pension
Over the last few weeks we have been running a Pillars of Retirement series. This series outlines the many ways people fund their retirement. These five major pillars are: The Age Pension. For most people this is the most important source of income in retirement. ...
by James Coyle | May 23, 2022 | Planning for Retirement
Whether you live in the sunny north or chilly south in our wide brown land, flu season is officially upon us, so it’s important to protect your health as rigorously as possible. With so much attention given to the Covid-19 epidemic, it’s easy to overlook the fact that...
by James Coyle | May 23, 2022 | Centrelink Age Pension
And why does Centrelink care? A few weeks ago we recounted how the gifting rules worked for Mary, Jeffrey and Hannah. We received a lot of questions from members who were totally confused as to whether they had loaned or gifted money to family and friends. And some...
