by James Coyle | Jul 1, 2019 | Centrelink Age Pension
From today the qualifying age for the Age Pension is increasing to 66. Back in 2017, the Department of Human Services announced that it would increase the qualifying age to get Age Pension by 6 months every two years, and this will continue until it reaches 67 years...
by James Coyle | Jun 14, 2019 | Centrelink Age Pension
Many senior Australians are now facing unnecessary hurdles to access the Age Pension entitlements they rely on to cover their living expenses. The laborious paperwork, the long wait times, and the complex process all seems unfair in a country like Australia. This is...
by James Coyle | May 24, 2019 | Centrelink Age Pension
The Age Pension has been the foundation of Australia’s retirement income system with around 77% of Australians over the age of 65 receiving income support. Many senior Australians rely on the Age Pension to make ends meet, but the process for application is often...
by James Coyle | May 10, 2019 | Centrelink Age Pension
Recently we had a chat with one elderly couple who said they wish someone had pulled them aside when they started their application journey and shared this information with them. It would have saved a ton of time and literally thousands of dollars. So we’re sharing...
by James Coyle | Mar 29, 2019 | Centrelink Age Pension
The 2019 Federal Budget is scheduled to be handed down on April 2 (Tuesday) barely a month before the election. Prime Minister Scott Morrison promises to deliver a budget surplus (estimated at $1.3 billion); a move backed by economists from the National Australia...
by James Coyle | Mar 25, 2019 | Centrelink Age Pension
Centrelink have released its regular change to Age Pension rates in an attempt to keep payments in line with inflation. These new rates are effective from 20 March 2019. Centrelink determines an applicant’s Age Pension entitlement and therefore their Age Pension...
by James Coyle | Mar 25, 2019 | Centrelink Age Pension
Senior Australians are being encouraged to stay in the workforce without affecting their Age Pension with the Work Bonus incentive program. The Work Bonus applies to anyone who is receiving the Age Pension and works for an employer on a part time, casual or seasonal...
by James Coyle | Mar 7, 2019 | Video Tutorials
Hi, it’s Greg from Retirement Essentials, your helping hand when applying for the age pension. Personal assets are the contents of your home, your caravans, cars trailers and the like. Importantly it does not include your family home. Centrelink will assume...
by James Coyle | Mar 7, 2019 | Video Tutorials
Q&A: Is my home counted as an asset? Hi, it’s Greg from Retirement Essentials, your helping hand when applying for the age pension. Generally speaking your home is exempt from the assets test. There are some exceptions for example if you have a very large or...
by James Coyle | Mar 7, 2019 | Video Tutorials
Q&A: Is my account based pension counted as income or asset? Hi, it’s Greg from Retirement Essentials, your helping hand when applying for the age pension. An account based pension is also known an as ‘allocated’ pension and it’s a regular income...
