Tag Archives: Centrelink

Pensions – 2017 the options from super

You can receive your super as a super income stream, super lump sum or a combination of both. The super withdrawal option that you choose may affect the amount of tax you pay. Here is information from the Australian Tax … Continue reading

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Pensions – Centrelink – New Asset Test Levels and taper rate that could reduce the pension received

If you receive or are about to receive an Australian Government pension, there are new asset test levels and taper rates from the start of next year 2017 you need to know about, which could reduce the pension received, as … Continue reading

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Pensions / Income Streams – The Basics for Self-Managed Super SMSF

Starting a pension or income stream in your SMSF (and there are similarities with the big commercial super funds as well, as we are all under the same law – SIS Act – Superannuation Industry Supervision Act 1993) requires certain … Continue reading

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Pensions – Centrelink – Lump sum withdrawal from super and the impact on your aged pension

You take as a lump sum from your super or self-managed super fund (SMSF) and you want to know the impact on your aged pension entitlement. A lump sum is a one off payment of money. How the Australian Government … Continue reading

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Pensions – Centrelink – Eligibility for Carer Payment

If you are in the position of caring for a relative or friend, you may be able to get some financial assistance from the Government Centrelink Office – here is what the eligibility requirements are and what they say on … Continue reading

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Pensions – Truths and Myths about Super, Govt Burden and Tax Concessions

Is the tax system burdened by rising pensions as the population ages, loss of tax revenue due to concessions, or supporting high-income earners? According to Ms Pauline Vamos CEO of Association of Superannuation Funds of Australia (ASFA), “For some time … Continue reading

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Pensions – Deeming changes for Account Based Pensions

New rules will apply for calculating eligibility of government pensions –  one notably is that from 1 January 2015, superannuation account based income streams will be deemed under the existing deeming rules for the Age Pension. Eligibility for Age Pension … Continue reading

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