The September hike in Centrelink payment rates also heralds an increase in thresholds to access the popular Commonwealth Seniors Health Card. Do you now qualify?
Nick Bruining
Q+A: Lifetime annuities can offer a guaranteed income stream in retirement. Used wisely, they can also work in hand-in-glove with Centrelink’s age pension system to help meet your needs later in life.
A sizeable increase to pension payment rates means thousands of well-heeled seniors might now qualify for a payment for the first time. Here’s what changes, and the numbers you need to know ...
Two very small changes to how Centrelink calculates your full or part-age pension are about to trim payments for thousands of retirees. Here’s what’s changing and how it will affect you ...
Q+A: You’ve inherited an overseas property from a relative? Planning to enjoy the spoils of a rental income without notifying the Australian Tax Office. That’s a bad plan. Here’s why ...
Of the roughly 28 million people in Australia, how many are on the age pension? Where do they live? And once they start receiving the benefit, how many years are they likely to get it for? Find out ...
Daniel Newell
Don’t believe the spruikers who say you need $1m to enjoy your retirement. They fail to mention how the age pension works in conjunction with super savings. Here’s how a couple with just $400,000 can live well.
In between a career and the age pension? One option for income support is the poorly understood JobSeeker allowance payment from Centrelink. Here are the rules …
Q+A: Some employers believe that by having employees obtain an ABN and then having the individual invoice the employer for time worked, they can be treated as a contractor. But don’t be caught out.
The numbers don’t lie! In a nutshell, women need to survive longer on an income that is less than they need . . . using a system that is stacked against them. There’s a very simple fix, so why don’t we do it?
Q+A: Just outside Centrelink’s asset test threshold to be eligible for a part pension? Bummer. Here’s the tricks you need to sneak in under the wire and start collecting a fortnightly payment.
Asset-tested pensioners can use the next 24 hours to boost their pension by up to $60 a fortnight — for life. Here’s how it works, and what you need to do ...
The start of a new financial year will usher in a raft of tax and superannuation changes, with almost every Australian affected one way or another. Here’s what changes from midnight.
Q+A: The quirks of the Centrelink system can be summed up here. A couple on a full age pension can sell their home for $1.2m, bank $48,000 a year in interest, AND get $400 a month in rental assistance.
Q+A: Got an inheritance coming your way but worried it will affect your Centrelink age pension? Here are the hints and tips you need to beat the system ... and also boost your superannuation.
Worried part-pensioners are still waiting to hear if and when deeming rates on their investments, which are used to calculate Centrelink benefits, will be thawed from their five-year freeze.
Increased Centrelink means-test thresholds have been released, and thousands of seniors will now be entitled to government benefits for the first time.
Q+A: Building a $50,000 deposit by such a young age is commendable, but there are a number of tough obstacles to clear if this savvy saver wants to buy an investment property. Try this instead ...
Q+A: Tax and super? It’s a mess! Here’s how to know which parts of your superannuation are safe from the taxman and when you might be hit with a bill, depending on when you access your nest egg.
It’s the question most often asked by those 126,000 Australians on a disability support pension about to reach retirement: ‘Am I better off changing over to the age pension?’ We have the answer.
Q+A: Taking time out of work to care for elderly parents can cause financial pain. But you may be eligible for one of two Centrelink payments. Here’s how much you could receive and how to apply ...
Thousands of older self-managed superannuation funds are likely to be closed down following a significant let-off on potential Centrelink debts and tax liabilities. Are you eligible?
For those that haven’t yet set up a MyGov access account, an amazing world of useful information and government services awaits you.
Q+A: With major parties silent on what will happen to Centrelink deeming rates once the extended freeze ends on June 30, thousands of retirees fear they could lose their entire part-pension.
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