Beware of Pension Pressure
Beware of Pension Pressure Changes to the pension assets test that came into force on January 1 have resulted in some retirees losing some, or all, of their pension entitlements. The big question now is whether the tighter assets test will encourage people to change the way they plan and behave in the years leading up to retirement to […]
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Essential updates to Centrelink Age Pension
Essential updates to Centrelink Age Pension From 1 January 2017, there are some important age pension changes that could impact your benefits and warrant some pre-emptive action. What’s changing? The lower asset threshold that determines your eligibility for the full age pension will increase. This threshold varies, depending on your relationship status and whether or not you own a home. It’s […]
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Boost to voluntary savings required to achieve comfortable retirement: ASFA Retirement Standard June
Boost to voluntary savings required to achieve comfortable retirement: ASFA Retirement Standard June Retirees have experienced a slight increase in the cost of living in the June quarter, according to the Association of Superannuation Funds of Australia (ASFA) Retirement Standard. The ASFA Retirement Standard June quarter figures indicate that couples aged around 65 living a comfortable retirement needing to spend $59,160 per year and singles $43,062, 0.4 per […]
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Self worth = net worth
Self worth = net worth How to build confidence and change your financial direction At the start of the year, many people reassess their finances in preparation for the year ahead. This inevitably involves a review of income sources. For many people, this is a bit of a sore spot as it can cause doubt or regret about career choices. […]
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Aged Care in Australia
Aged Care in Australia One of the most difficult personal challenges in life is making the decision for a loved one to go into an aged care facility. It is typically an emotionally-charged time for an older person who is both leaving the comfort of their home and some level of independence, which can be made more difficult by […]
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