by James Coyle | Jun 20, 2022 | Centrelink Age Pension
As we reported last week, the qualifying limits for the Age Pension will change on 1 July. These changes are significant and therefore are likely to have a major impact upon your pension eligibility, as well as the amount of your fortnightly entitlements. The good...
by James Coyle | Jun 20, 2022 | Centrelink Age Pension
Sliding assets and rising rates deliver a bonus You’ve seen the headlines. Share markets around the world and here in Australia have been taking a tumble. In mid-June, the US share market is down just over 20% since the beginning of calendar year 2022. The...
by James Coyle | Jun 20, 2022 | Centrelink Age Pension
Seven rules explained If it’s true that a picture is worth 1000 words when it comes to understanding, then our plain English answers to our member’s Centrelink questions also comes very close. In the past few weeks the very knowledgeable Steven Sadler (who heads up...
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...
