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How pensions will change in March Last week’s October Consumer Price Index (CPI) surprised many. The overall year-on-year (YOY) increase of 6.9% was lower than expected, and lower than the September YOY increase of 7.3%. The main movements were in the...
Rental housing crisis: Swipe right for income A recent suggestion by NSW Premier Dominic Perrottet has sparked debate about Age Pension income and how Centrelink treats rental income. Speaking at the Sydney Summit conference in early February, the Premier...
What does the ‘Bring-Forward’ rule mean? Who can use it? There were multiple changes in superannuation last year, many in relation to non-concessional super contributions. In particular, as we reported, the ages at which different types of contributions can...
All you need to know in 2023 The Age Pension provides core funding for about seven out of 10 Australian retirees. The stated intention of this entitlement, according to the responsible department, the Department of Social Services, is to to support the...
Understanding Age Pension increases: Do they cover cost of living? Back in December we reported on the likely Age Pension increases due on 20 March 2023. At that time the annual Consumer Price Index was 6.9% and the most recent Pensioner and Beneficiary...
Higher super caps in July: But beware the detail It’s worth remembering that the Consumer Price Index (CPI) is relevant to all retirees, not just those receiving an Age Pension. Increases in the CPI can also trigger major changes in superannuation rules for...
Top five wins for retirees … …in 2022 and beyond What were the changes/issues that most affected retirees income in 2022? It’s easy to feel rattled such frequent headlines of interest rate rises and galloping inflation - particularly when you are...
Sharon Sheehan has more than 20 years’ experience in financial planning, including six years during which she ran her own business. For a while she worked in the more technical paraplanning area, but quickly realised it was helping people that was the...