by Alison Squire | Apr 20, 2020 | Retirement Income
Temporary reduction to the minimum superannuation drawdowns what does it mean? When a retiree commences an account-based pension with their superannuation monies, it pays them an income. Account-based pensions are required by law to pay a minimum income every...
by James Coyle | Apr 15, 2020 | Centrelink Age Pension
Help in a time of uncertainty In light of the current COVID-19 crisis, Australians of all ages are advised to stay at home, practise social distancing, and always wash hands. The risks are higher for older people and those with pre-existing conditions such as...
by Alison Squire | Apr 3, 2020 | Centrelink Age Pension
Living under one roof as individuals requires a lot more information to be provided to Centrelink so they can accurately assess whether you are indeed a couple or a single. To this end you will probably be required to complete the Centrelink Relationship...
by James Coyle | Mar 23, 2020 | Retirement Income
Jim and Sue are both retired and their investment assets have recently reduced. They had a weekly income of $966 from a combination of the age pension and their own account based pensions. They are now interested in understanding how the reduction will impact...
by James Coyle | Feb 26, 2020 | Centrelink Age Pension
Centrelink have now announced the changes to Age Pension income and asset thresholds plus payment rates. For senior Australians receiving the full Age Pension this translates to an additional $7 per fortnight for singles and $10 per fortnight for couples combined:...
by James Coyle | Dec 5, 2019 | Planning for Retirement
The benefits of keeping your money in super We often get asked the question,”When can I access my super and should I take it all out of my super fund?”. Obviously everyone has different circumstances, so there isn’t one right answer but here are some...
by James Coyle | Nov 15, 2019 | Centrelink Age Pension
“My spouse doesn’t qualify, I didn’t know I could still get the Age Pension” DID YOU KNOW: 75% of Older Australians surveyed by YourLifeChoices in 2018 say the rules and regulations of retirement income are too complicated. “They are not sure about Age Pension...
by James Coyle | Nov 15, 2019 | Company News
According to a new study, Australian brands are largely ignoring the ‘elderly demographic’, despite the fact that this group has the highest levels of wealth and disposable income. They also spend more than millennials and Generation X. The WPP AUNZ report...
by James Coyle | Oct 23, 2019 | Centrelink Age Pension
Patience is a virtue. But why wait for months to get your Age Pension if there’s a faster option? The current average wait time for an Age Pension approval is 49 days, but there are stories of seniors waiting much longer for their entitlements. The ‘ridiculous’ Age...
by James Coyle | Sep 30, 2019 | Company News
Darren Moffatt from Seniors First shares a case study of how a Reverse Mortgage can make a huge difference to the lives of Age Pensioners who are struggling to make ends meet. *Oliver and Charlotte are age pensioners who worked hard all their lives and are proud that...
