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.
Age Pension: Does my superannuation lump sum count for income test?
Q: I’m over 65 and a member of a super fund, from which I receive an account-based pension. I need to withdraw a lump sum of $40,000 from my super, as my super is not enough to live on. I will have to apply for a part pension (Age) from the Centrelink. Will my lump sum be counted as income in the Centrelink income test?
Age Pension: Is the Government ripping off our retirees?
Around 80% of retirees receive a full or part-Age Pension, and anecdotal evidence suggests that the devastating effects of the Global Financial Crisis (GFC) during the past two years made thousands of self-funded retirees eligible for a part-Age Pension for the first time.
