With no definitive retirement age in Australia, the date you exit the workforce will probably come down to personal circumstances and whether you can afford it. The retirement age in Australia isn’t set in stone. You can really retire whenever you want to, but health, financial commitments and your ability to fund the lifestyle you […]
“If you have a spouse and have (or are likely to have) more than the $1.6 million super cap, there are things you can do to improve your situation when you retire.” The $1.6 million super cap From 1 July 2017, there is a limit on how much super you can transfer to ‘retirement phase’ […]
Australians will have to wait before putting their feet up, as it looks like the age increase will force them to retire later. Australians are planning to work for longer, with more than one in five over-45s planning to work until 70. However expectations of retirement income change after reality hits, new Australian Bureau of […]
How the asset test will work in 2017 could increase your Age Pension entitlements, or take some or all of them away. With revisions to the Age Pension assets test just around the corner, it’s important to understand how the changes could impact you, particularly with part-pension thresholds somewhat tighter than initially projected. These thresholds […]
The Age Pension and assets test explained Recent reports suggest that more than 300,000 Age Pensioners will have at least part of their pension cut, with just under 100,000 of these people losing all Age Pension entitlements, taking effect from January 2017. The Age Pension provides income support and access to a range of concessions for […]
The decision around whether to get some home help or move to where you or a loved one can get support and care is never an easy one. But from 1 July changes to the aged care system should give individuals and families a clearer understanding of the choices they have and the cost of […]
