by James Coyle | Feb 11, 2022 | Commonwealth Seniors Health Card
Concession Cards are the icing on the cake when it comes to retirement income. The rate of a full Age Pension has been measured as subsistence level, not much more, according to the Australian Council of Social Services (ACOSS). Many part Age Pensioners also find that...
by James Coyle | Feb 11, 2022 | Retirement Income
When it comes to money! Valentines Day has now widened from a celebration of ‘coupledom’ to a chance to acknowledge all kinds of love – for family, friends, even pets. This means it’s now a day for everyone, not just those ‘in a relationship’. It did get us thinking,...
by James Coyle | Feb 11, 2022 | Retirement Income
Emergency money. Enough cash in times of trouble. However you describe such money, there’s a lot to consider about the way you manage this aspect of your finances. Low interest rates are dominating the headlines right now. This can lead to a questioning of how much...
by James Coyle | Feb 4, 2022 | Centrelink Age Pension
The Australian Age Pension is reviewed, or indexed, twice a year, with payments adjusted on March 20 and September 20. A small increase is usually made to both the Maximum Benefit Rate (base rate of the Age Pension) as well as the Age Pension supplement which combine...
by James Coyle | Feb 4, 2022 | Centrelink Age Pension
The Age Pension is often thought of as a single payment, but in fact there are two, sometimes three payments that combine to create this fortnightly income stream. These are called supplements and they are a regular extra payment for utility, phone, internet and...
by James Coyle | Feb 3, 2022 | Centrelink Age Pension
Explaining retirement lump sums and how they work is not nearly as simple as it sounds. Yes, there is a straightforward definition from the Australian Tax Office (ATO) – a lump-sum is an amount paid all at once, as opposed to an amount that is divvied up and paid in...
by James Coyle | Feb 1, 2022 | Centrelink Age Pension
We chatted to one of our customers, Tim Bridge (66-year-old retiree from Glendale NSW) and his wife, Bronwyn about their experience applying for the Age Pension. Here is Tim’s story. “We thought it was a complete ‘no-go’. We thought we were not eligible for the Age...
by James Coyle | Jan 21, 2022 | Centrelink Age Pension
How does this retirement income stream work? An Account-based Pension is often also referred to as an Allocated Pension. It is a regular income stream which is drawn down from the savings you have accumulated in your superannuation fund. This drawdown (or...
by James Coyle | Jan 21, 2022 | Centrelink Age Pension
The great retirement trade-off The start of a new year is often the time when we plan to make changes to our homes – to buy, sell or renovate. Renovating was almost a national pastime this past year when Covid forced more of us to spend more time at home, up close to...
by James Coyle | Jan 21, 2022 | Centrelink Age Pension
Are you a citizen or resident? Does it really matter? Residency and citizenship are very personal matters. They are your own business, right? Well yes, but where your status can become someone else’s business is if you wish to receive a Federal Government entitlement,...
