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What are personal assets?

What are personal assets?

  Hi, it’s Greg from Retirement Essentials, your helping hand when applying for the age pension. Personal assets are the contents of your home, your caravans, cars trailers and the like. Importantly it does not include your family home. Centrelink will...

What are personal assets?

Is my home counted as an asset?

  Hi, it’s Greg from Retirement Essentials, your helping hand when applying for the age pension. Generally speaking your home is exempt from the assets test. There are some exceptions for example if you have a very large or income producing property. If...

What are personal assets?

Is my account based pension counted as income or asset?

  Hi, it’s Greg from Retirement Essentials, your helping hand when applying for the age pension. An account based pension is also known an as 'allocated' pension and it's a regular income stream drawn from the money you've accumulated in your super. The...

What are personal assets?

Common Age Pension Application Mistakes

There are two really common mistakes that people make when applying for the Age Pension. The first common mistakes people make is as a couple, assuming that both members of the couple have to be of Age Pension age before they can apply for the Age Pension....

Centrelink woes create an opportunity for funds

Centrelink woes create an opportunity for funds

Industry Super Australia has reported that only 5 per cent of those who are active members of Industry Super accumulation funds at 55 are members of income streams at 66. A surprising statistic, given the brand strength of profit-for-member funds. Industry...