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.
The Senior Australians and Pensioners Tax Offset (SAPTO) won’t shower you in riches. But depending on your age, relationship status and income, it could provide a handy tax offset of up to $2,230.
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.
Retirees are always looking for new ways to boost their retirement income or to pay for expenses, like home care. Although downsizing to a small home can be one option, the Pension Loans Scheme (PLS) offered by the federal government is a rarely considered alternative.
The Commonwealth Seniors Health Card is a valuable concession card that can help you with the cost of health care and other government services. Check if you’re eligible and the range of benefits it can offer.
Your eligibility for the Australian Age Pension depends upon your age, residency and whether you pass what is known as the “means test”.
Although there is no ‘retirement age’ in Australia, there are two ages that are important to know for planning your retirement…
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.
When you apply for the Age Pension claim you’re joining a long queue, and making mistakes can cause a lot of delays and frustration. This article is a step by step guide to claiming the Age Pension and getting it right the first time.
The decision about when to retire is rarely made overnight. It’s a major life event and deserves careful thought and planning. Finances play a big part, but so do your health, your partner’s circumstances and whether you still enjoy your work or are itching to leave.
Australia’s super system has lots of rules – many of which have significant penalties if you breach them – but not every rule applies to everybody at every age.
Take the following 10 question quiz to test your knowledge on how to plan for your retirement.
The Pension Bonus Scheme is a tax-free lump sum payment available to people who meet its eligibility requirements. The Scheme has not accepted any new registrations since 1 July 2014.
A recent CEPAR report examined the key design features of Australia’s Age Pension, how well it serve its objectives, and who is a typical age pensioner.
“What is Australia’s retirement age?” or “What age can I retire?” are common questions. The simple answer is “it depends”, because there is no such thing as a ‘retirement age’ in Australia, nor any laws that dictate when someone is allowed to retire.