By Trish Power, co-founder of SuperGuide
Around 80 per cent of retirees in Australia receive a FULL or PART Age Pension, and the Age Pension remains a vital component in the retirement plans of the majority of Australians. The government has changed the rules and it is important to understand how your Age Pension entitlements may be affected by the new rules.
On January 1, 2017, around 330,000 retired Australians lost some or all of their Age Pension entitlements due to a new, harsher Age Pension assets test, although another 170,000 Australians received a greater Age Pension entitlement.
Age Pension Made Simple (Wilkinson Publishing, in association with SuperGuide) is your must-have guide for navigating the Age Pension rules, whether you’re single or part of a couple, and includes all the latest government changes plus free online updates to ensure that you understand what you’re entitled to. Most importantly, Trish Power dissects the facts and figures in an easy-to-understand style that anyone can comprehend, regardless of your financial background.
The book is a valuable resource for explaining how the different aspects of the Age Pension rules relate to your own situation, and you can access updated Age Pension rates and thresholds in the future by visiting the special Age Pension section on the SuperGuide website.
You can order Age Pension made simple ($19.99 plus $5 postage and handling) by clicking on the button above or below, or you can buy a copy from your local newsagent or bookstore.