by James Coyle | Jul 15, 2022 | Centrelink Age Pension
With inflation heading steadily upwards, predictions for a substantial September 20 Age Pension increase are firming. Last week Treasurer Jim Chalmers endorsed the likelihood of such a pension boost, declaring: ‘We understand that pensioners are doing it incredibly...
by James Coyle | Jul 8, 2022 | Centrelink Age Pension
Will Steve lose his pension? This week we received a question from Steve who is due to inherit a sizable amount of money. But he’s worried that this will be to the detriment of his part Age Pension entitlement. Here’s what he asked us. Steve: Hi, I’m a 68 year old...
by James Coyle | Jul 8, 2022 | Planning for Retirement
Running out of money – But does it really happen? They say the secret to a happy life is to only worry about the things within our control. This is an even more interesting concept when applied to funding your retirement. What can you control? And what is...
by James Coyle | Jul 8, 2022 | Retirement Income
Another rate rise – Is it time to rethink cash? Last Tuesday the Reserve Bank Governor Philip Lowe announced a 50-basis point increase in the official cash rate, raising it from 0.85% to 1.35%. This increase is the third in three months, following those of 0.25%...
by James Coyle | Jul 4, 2022 | Centrelink Age Pension
The start of a new financial year is a great time to review strategies and settings in order to maximise your retirement income This week we look at three ‘big dollar’ decisions – and why knowing the detail and/or seeking advice can save you more in the long run. Some...
by James Coyle | Jul 4, 2022 | Superannuation
Fifth downturn in 30 years The numbers are in and ‘its not pretty’ said one super fund chief. This is all too true, with Chant West reporting an expected 3.5% drop in super fund balances over the past 12 months. This amount is still an estimate as it takes some funds...
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...
