Some Retirees might now be eligible… In addition to Centrelink Age Pension, Disability Support Pension and Carer Payments increasing from 20 March 2022 – maximum Single Pension will be $987.60 p.f., and $1,488.80 p.f. per Couple… …The Asset limit has also increased! For a couple, the asset limit is now...
You May NOT Be Eligible for the Age Pension, But Do You Qualify for the Commonwealth Seniors Health Card?
To be eligible, you need to meet all the following conditions. You must: be Age Pension age or older meet residence rules not be getting a payment from us or the Department of Veterans' Affairs provide a Tax File Number or be exempt from doing so meet identity requirements meet...
At What Age Can you Get the Age Pension in Australia?
Currently the Age Pension age is 66.5, however this will gradually increase to 67. It is based on your date of birth. If you were born between You can receive the Age Pension when you are: 1 January 1954 to 30 June 1955 66 years 1 July 1955 to 31...
Investing in Retirement
Should your approach change once you’ve actually retired? You’ve worked hard throughout your life to save for your retirement – with goals of maximising your super savings through careful investment choices and strategies to build your wealth. But once you retire and start drawing down on your investments, those goals...
Make Your Money Last a Lifetime
For anyone who was ever paid fortnightly or monthly, the need to budget to ensure you had enough money to see you through until the next payday was essential. In many ways, a retirement income can be similar, albeit within a much longer timeframe. Research shows that the biggest spending...
Living Longer, Living Smarter
With life expectancies in Australia continuing to rise, you need to make sure your retirement savings can last the distance. Australia has an ageing population. With the Baby Boomer generation reaching retirement age, research shows that nearly one in six people living in Australia today is over 65 years old....
Investment Options in Retirement Explained
Getting the balance right between a safe spending rate and having enough income to enjoy retirement takes some careful planning. Investing for a reasonable return is one approach to helping your savings go the distance. What is your risk appetite? There’s a rule of thumb when it comes to investment...
The Cost of Retirement
How much do you need to fund your ideal retirement? We take a look at how much income you may need, and what to consider after you retire. Everyone has a different vision for their retirement. Yours might involve overseas and interstate travel and an active social life. Or perhaps...
Your Retirement Income Options: Introducing the Age Pension
The Age Pension is an important financial safety net for many older Australians. It’s the most common type of pension you can receive from the Government. Around 65% of people in retirement rely on some form of Government pension or allowance as their main source of personal income1. Am I...
Approaching Retirement: Are You Ready?
If life is what happens when you’re making other plans, retirement is no exception. Thanks to health issues, redundancy and family responsibilities you might be saying goodbye to working life before you’re good and ready. If you are in a position to put your plans for retirement into action, health,...