by James Coyle | Feb 1, 2022 | Centrelink Age Pension
We chatted to one of our customers, Tim Bridge (66-year-old retiree from Glendale NSW) and his wife, Bronwyn about their experience applying for the Age Pension. Here is Tim’s story. “We thought it was a complete ‘no-go’. We thought we were not eligible for the Age...
by James Coyle | Jan 21, 2022 | Centrelink Age Pension, Commonwealth Seniors Health Card, Retirement Income
How does this retirement income stream work? An Account-based Pension is often also referred to as an Allocated Pension. It is a regular income stream which is drawn down from the savings you have accumulated in your superannuation fund. This drawdown (or...
by James Coyle | Jan 21, 2022 | Centrelink Age Pension, Commonwealth Seniors Health Card, Planning for Retirement, Retirement Income
The great retirement trade-off The start of a new year is often the time when we plan to make changes to our homes – to buy, sell or renovate. Renovating was almost a national pastime this past year when Covid forced more of us to spend more time at home, up close to...
by James Coyle | Jan 21, 2022 | Centrelink Age Pension, Commonwealth Seniors Health Card
Are you a citizen or resident? Does it really matter? Residency and citizenship are very personal matters. They are your own business, right? Well yes, but where your status can become someone else’s business is if you wish to receive a Federal Government...
by James Coyle | Jan 20, 2022 | Centrelink Age Pension, Commonwealth Seniors Health Card
Last week we defined the Assets Test and rules which are applied to your assets for Age Pension entitlement. This week we look more closely at the Income Test, one of the three aspects by which an Age Pension entitlement will be assessed. Put simply, Centrelink...
