You may be able to earn more income than you think without losing your Age Pension entitlements. We show you how.
Age Pension rates increased on 20 March 2020. This article also explains how the Age Pension works, and includes the latest Age Pension rates for residents, non-residents, and the transitional Age Pension.
Our Age Pension calculator gives you an indication of potential Age Pension entitlements. The Age Pension rates are those that apply from 20 March 2020 to 19 September 2020.
A common question for those nearing or in retirement is “How much can a pensioner earn before it affects the pension?”.
This article details the rules and limits of the Age Pension assets test (how much your savings and other assets are worth), which is one half of the means test (along with the income test) that determines how much Age Pension you could be eligible for.
In this article we detail how the Age Pension is assessed, how the income and assets tests work, and illustrate with case studies for a Single and a Couple.
There are many strategies you can employ to ensure that you’re making the most of your Age Pension, and in this article we’ll showcase some of the best options that may assist you.
Tracey Spicer talks to Regan Welburn from Marathon Financial Planning about how to maximise your Age Pension and other concessions available for seniors.
A common question from people planning their retirement is if, and when, they will be eligible for the Age Pension.
Older Aussies looking to boost their retirement income can take advantage of the government’s Pension Loans Scheme to generate a non taxable fortnightly income stream that helps pay their bills.
The current Age Pension eligibility age is 66 years (for any person born between 1 January 1954 and 30 June 1955). If you were born before 1 January 1954 you have already reached Age Pension age, and if you were born after 30 June 1955 your Age Pension age may be 66 years and 6 months, or 67 years, depending on your date of birth.
On 22 March 2020 the Federal government announced that from 1 May 2020 the deeming rates would be lowered to 0.25% (lower rate) and 2.25% (upper rate).
A Service Pension is an age-based, means tested pension like the Age Pension but paid to veterans, their partners widows or widowers.
Your superannuation can potentially affect how much, if any, Age Pension you receive in several ways. As well as the amount you have in super, your partner’s age can have an impact as can what you do with any super payments you access.
There are specific residency requirements that you must meet to be eligible to receive the Age Pension from the Australian government.