Category Archives: Pensions / Income Streams

Pensions – When to retire and how much you can draw from super

The stage in life comes to deciding to when to retire and how much we can draw from our super and how much we need to live! Tony Kaye at First Links explains some important details – One of the … Continue reading

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Pensions Centrelink – Transfer from Disability Pension to Age Pension – Difference between them

A woman called seeking advice on whether it was beneficial to switch from Disability Support Pension (DSP) to Age Pension (AP). She was concerned about potential pros and cons associated with the change. Answer – While the payment amount remains … Continue reading

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Pensions – When to Retire? Choosing to Retire early?

How much do you need? One consideration of when to retire is how will you fund it – how much is required to live on? Every quarter the Association of Superannuation Funds Australia (ASFA) publishes its calculation of how much … Continue reading

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Pensions Centrelink – Commonwealth Senior Health Card threshold changes when Age Pension not eligible

Even if you aren’t eligible for the Age Pension, you may be able to get the  Commonwealth Seniors Health Card (CSHC), a concession card which gives you access to cheaper healthcare, medications and, potentially, other government services. Additionally, in certain … Continue reading

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Pensions – Downsizer extra time incentive without affecting asset test age pension – Centrelink, Services Aust.

From 1 Jan 2023, pensioners considering selling to downsize their home, now have an extra year – 2 years to buy, build or renovate a new home before the proceeds are deemed at higher interest rates (a government set interest … Continue reading

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Pensions Centrelink – Means Test for Aged Pension – Services Australia

To be eligible for certain Services Australia payments, such as the Disability, Carer and Aged Pension, you need to pass certain criteria such as residency, age and means tests. The means test assesses your assets and income. Income Test Services … Continue reading

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Pensions Centrelink – Downsizer contribution – considerations

A superannuation professional has alerted SMSF trustees and their advisers to certain important elements to consider if looking to consider making downsizer contributions in light of the federal government’s budget measure to reduce the qualification age from 60 to 55. … Continue reading

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Centrelink – Healthcare Cards available

There are 3 health care cards available, that may assist you, depending on the following criteria. 1. Low Income Health Care Card A concession card to get cheaper health care and some discounts if you’re on a low income. To … Continue reading

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Centrelink – Work Bonus – How it works

The Work Bonus reduces the amount of employment income or eligible self-employment income that we applied to your rate of pension entitlement under the income test. If you don’t work, you still accrue a balance. Centrelink will add $300 to … Continue reading

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Pensions: Services Australia – Age Pension eligibility – Assets Test – Centrelink

**For the most up-to-date Thresholds click here** Eligibility for the Age Pension requires meeting some criteria. One is the Assets Test We explained the Income Test earlier HERE The Assets Test – Services Australia (formerly Centrelink) website explains – The … Continue reading

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