Whats New with Age Pension
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- เผยแพร่เมื่อ 20 ก.ย. 2024
- I promised to prepare an update on the most important information in relation to Age Pension payments and eligibility.
No wonder it is an important topic for many retirees, after all almost 80% of retirees are receiving some level of Age Pension today.
today we are going back to the Age Pension school - all you need to know to understand that complicated system.
I will cover the following:
Who is eligible for Age Pension
Current Age Pension rates and when they change each year
How is Age Pension calculated.
How much can you earn before Age Pension is affected - this is a very common question I keep receiving
How much assets can you have
When income and assets thresholds change
To download the book 12 PRINCIPLES OF INVESTING:
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Contact details:
Katherine Isbrandt of About Retirement
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Email: hello@aboutretirement.com.au
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Are you receiving any Age Pension payments? If not, why not?
Thank you Katherine.
Thank you! We'll be trying to contact you today for a consultation. Excited!!
Thank you again Katherine for keeping us informed. My pension has been reduced from 20th September even though income has not changed. Perhaps Centrelink looks at the changing value of superannuation?
perhaps, hard to tell without knowing the details
Thank you Katherine. You explained so well.
Pls do more about age pension
Love your informed videos, but I would suggest that you invest in a good quality microphone as the sound on the last few videos has been very soft.
The sound is excellent. Perhaps the issue is at your end.
They make the rules and the people of Australia voted them in.
They got 32% of the votes.
Thank you Katherine, as ever, very informative. Just wondering about the Work earnings. I guess this means that each person in a couple can earn $300.00 per fortnight or $5,900.00 per year each. My query is, can this be earned over a 12 month period, and not necessarily every fortnight. I hope that makes sense. eg: work may be seasonal and the amount may be earned over a 3 month period, within a financial year?
Elephant in the room: recently proposed changes to the refundable aged-care deposit to $750000 supported by the coalition, and increased funding for at-home care.
this topic is coming soon
can you cover plp on DSP as well please?
Please do more on age pension pls
Hi Katherine, when will your calendar be available to book a meeting online around June / July 2025 in preparation for Age Pension eligibilty - thanks.
Hi Julian, the next year calendar will be opened next month. Lots of technology changes, hence the delay. All need to work together smoothly not to create problems with bookings.
Thanks, Katerine I see that I did not get that increase you mentioned and will have to look into it. Now I do not do any work at least for money but do have a small number of shares that gives me about $350 pa and am just wondering if thtat makes any difference to my situation as a single person.
If this is the only income you are receiving over and above your Age Pension, then it will not impact your pension entitlement
Hi Katherine, Thank you for this information. At Question 5 ....8min 30sec What "assets" are you referring to here? Is that meaning Cash? shares? Other? but not real estate? ... And if you own a home for example worth $650,000 with a $200,000 mortgage, is the value of your home considered to be $650k or $450k ???(due to the mortgage) ... Many thanks Bruce.
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Oh! I just tried to book an appointment but your calendar says you have no spots available for the rest of this year! ( and we were prepared to fly to Boronia!)
Is it possible to get a suggestion of a financial advisor here in Perth? A sweet female advisor, of course! ❤
Because I invested money, I am only receiving $670.05 a fortnight. What legal rights does the government dictate how much I can have in my own personal banking account. What they are doing is making money from me with the lose of over $440 . This will mean that I will have to reduce my spending concerning council rates, water rates and no longer get full health insurance. Don't try and say I got money put away, what I got is my business.
Like all Australians I pay 4 different tariffs on everything that is imported, plus GST on the same item imported, plus GST on items in supermarkets.
Are you saying that because you invested wisely, you are largely self-funded and not getting the full pension? If so, seeing as the pension is paid by the government with tax payers money, they unfortunately have the right to say how much and when you get the pension. As you say, if you're earning more than the cut-offs, celebrate that!
Will Dutton reduce payments?
there is no plan for pension payments reduction. I do not believe any government would dare to do so.
How to contact you please, Thanks.
The best is to send email to hello@aboutretirement.com.au or call office 1300 274 731
If I am eligible for the aged pension and my partner isn’t 67 yet, am I paid single amount or couple amount?
Couple , they want partners income /assets also , even though their not eligible yet
your are receiving one payment of a couple assessed pension payment
176 liked.
😀
In which country????
Australia
What number to call you, please. Thanks.
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