When I start accessing super, will that be counted as an asset?
Q: When I start drawing from my super after I turned 55, will my super then count as an asset? As my partner is over 65 most of our money is in my super and we are eligible for the pension.
How does my super benefit affect my Age Pension entitlements?
Q: When I retire I will be 61 and my husband will be over 65 and will be eligible for either a full or part old age pension. If I keep my super in an accumulation account and withdraw lump sums to cover additional living expenses, how will this effect my husband’s pension benefits? Is this the best way to maximise our retirement funding?
Case studies: Am I eligible for the Age Pension?
Around 80% of retired Australians receive a part or full Age Pension which means most Aussies considering retirement will need to understand how the Age Pension rules operate. This article contains three case studies illustrating how the Age Pension works in practice.
Free retirement planning assistance now available
You’re starting to think about your retirement but you’re not sure if you want a full-blown financial plan just yet. Perhaps you may not be able to afford a full financial plan, or you may be uncertain how to go about finding an adviser or unsure as to what qualities to look for in an adviser.
Concession cards: Am I eligible and what entitlements can I expect?
At SuperGuide, we receive many questions from readers asking about the concession cards available for older Australians, in particular, the Commonwealth Seniors Health Card (CSHC), the Pensioner Concession Card, and sometimes the Low Income Health Card.
What a relief! Minimum pension payments reduced by 25% for 2011/2012 and 2012/2013 years
The Government has announced that pension payment relief will be available for the 2012/2013 year as well as for the 2011/2012 financial year.
Moving targets: Come on, how much super do I really need?
You’re thinking about your retirement and worried about whether you’ll have enough money to live the life you want, or perhaps you’re more worried about not having enough money to even live the life you don’t want!
A comfortable retirement: How much super is enough?
So, the big question is: how much money do you really need for your retirement? Lifestyle is a very personal thing —luxury living for one person is a modest existence for someone else.
Setting a retirement target: Living on more than $55,000
The most popular question about superannuation and retirement planning is, without doubt: How much money is enough?
Case study: female, 45 and a worry-free financial future
Sahn, aged 45, has only $35,000 in super and thinks the retirement planning stuff is all too hard. She expects to go on working until she dies, just to survive. A friend tells her about Trish Power’s six step process, and the existence of the free ASIC MoneySmart super calculator.
A case study: Female, 55 and fearful about retirement plans
Lily, aged 55, has mixed feelings about her future retirement. She swings between being philosophical and fearful about her financial position, Lily has spent most of her life rearing her children and, until now, worked in low-paid jobs before getting divorced later in life.
