by James Coyle | Feb 28, 2022 | Centrelink Age Pension, Planning for Retirement, Retirement Income
You will need to pass two forms of assessment before The Age Pension is granted. One is the incomes test, the other the assets test. There is little leeway in reporting income, which is generally wages, salary, dividends or rent as well as income deemed by Centrelink....
by James Coyle | Feb 28, 2022 | Centrelink Age Pension, Retirement Income
With record low interest rates many retirees may have felt very comfortable carrying a mortgage into retirement. The monthly repayments are as low as they’ve been for decades and it means that keeping a higher amount in super or cash deposits ensures ready access for...
by James Coyle | Feb 28, 2022 | Planning for Retirement, Retirement Income
This is nobody’s business but your own, you may think. But when it comes to retirement there is a big dividend to be gained from knowing and responding to the rules. First up, it helps to know that you are entitled to apply for an Age Pension when you reach the...
by James Coyle | Feb 25, 2022 | Centrelink Age Pension, Planning for Retirement
Defining retirement age may seem like a no brainer, but it’s actually a tricky definition. Put simply, there is no such thing as retirement age. Technically you can retire at any age you like, should your circumstances permit. But if you wish to apply for an Age...
by James Coyle | Feb 25, 2022 | Centrelink Age Pension, Commonwealth Seniors Health Card, Retirement Income
One of the simplest ways of increasing retirement income can also be one of the most difficult. This is because the strategies – maximising entitlements – come with so many complex rules that many retirees are currently underpaid in retirement. And this does not just...
