by James Coyle | Feb 25, 2022 | Centrelink Age Pension
Centrelink is pursuing overpayments again As we reported in December 2021, Services Australia granted welfare recipients, including Age Pensioners, a debt reprieve until January 2022. The Minister, Linda Reynolds, stated at the time that debt recovery programs would...
by James Coyle | Feb 18, 2022 | Centrelink Age Pension, Retirement Income
It’s easy to become confused when trying to understand how your assets might affect your retirement income. Are they personal assets? Assessable assets? Or deemable assets? There are many ways of defining assets, and there can be a lot at stake if you misunderstand or...
by James Coyle | Feb 18, 2022 | Planning for Retirement
Recent ASIC research shows that only one quarter of Australians have received financial advice in the past, but 41% intend to seek it in the future. One factor was cost, with 35% believing such advice was too expensive, whilst another impediment was a lack of trust,...
by James Coyle | Feb 18, 2022 | Planning for Retirement, Retirement Income
On February 10 the much-delayed Enhancing Superannuation Outcomes Bill was passed by the Federal Parliament and will come into effect on the 1st July 2022. There are two important features of this legislation that you need to know. Firstly, all your wage or salary...
by James Coyle | Feb 11, 2022 | Centrelink Age Pension, Commonwealth Seniors Health Card
Concession Cards are the icing on the cake when it comes to retirement income. The rate of a full Age Pension has been measured as subsistence level, not much more, according to the Australian Council of Social Services (ACOSS). Many part Age Pensioners also find that...
