The federal government is cutting the interest rate pensioners pay should they tap the equity in their home to boost their retirement income.
Legislation designed to enhance the attractiveness of loans for seniors was introduced to Federal Parliament late last week.
Big cracks have appeared in a program designed to make franking credit refunds easier for seniors.
Winning the lotto and deciding how to spend it is a nice problem to have. But can you still also collect a pension?
We could do a lot worse than tapping into our seniors to fill a skills shortage. But why would they want to when under the current rules they face a tax rate which is the equivalent of at least 50 per cent.
A data entry error has cost a retired Dianella couple more than $20,000 in missed pension payments, but Centrelink has shifted the blame and is refusing to pay back the money.
It’s possibly the greatest misunderstanding that retiree have — ‘I’m not allowed to give anything to my kids or grandkids because I’ll get into trouble’. That’s not strictly true ...
Retirees are about to receive one of the biggest increases in the age pension in nearly a decade. Here’s everything you need to know about the new payments plus other changes that take effect today.
When Graham Mabury hung up his headphones at 6PR after a 33-year career in radio, he was looking forward to a relaxing retirement. Then Centrelink changed the rules.
YOUR MONEY: Line up those ducks just right and a retired couple who tick all the boxes could contribute up to $1.46 million into superannuation in the next two weeks.
YOUR MONEY: The last cog has been inserted into the 2021 retirement gearbox, allowing seniors to map out retirement strategies for the year ahead.
Families with three kids will get an extra $226 every year, and there’s also good news for pensioners from the federal government.
The Morrison Government has unveiled a one-year extension to a scheme allowing senior Australians to slash the drawdown rates on their superannuation pensions.
The viagra-style boost to the Pension Loans Scheme in the Budget was sure to have grabbed the attention of many seniors. But like so many big nights out, beware the morning after.
What we’re doing is creating a massive “super” honey pot whose attractiveness exists but for the stroke of a pen.
The cat’s out of the bag. The Federal Government now wants you to use your family home to fund your retirement. Some will be better off but there’s hidden dangers for the less well-off.
There are hundreds of thousands of seniors who toiled for decades without the benefits of our world-class super system who now live on tight budgets built around a fortnightly pension.
Financial advisers’ phones have been running hot as part-pensioners query dramatic reductions in the age pension. Here’s how to keep maximising your pension ...
If you are a business owner with a modest nest egg, don’t assume you can shut up shop and immediately draw the age pension just because you’ve turned 66. Here’s how to plan ahead.
As Boris Johnson looks to extend a raid of dormant bank accounts, here’s how to turn the small sum of forgotten cash you left behind in Blighty into a UK pension for life.
Barring Tasmania, NSW and Victoria, all the States are now above an index level of 100, indicating optimists outweigh pessimists.
Pensioners, veterans and concession card-holders will be the beneficiaries of a $500 cash payment to be delivered by next Easter.
There will be no pension increase this September, forcing those reliant on the payment to wait a full year for any chance of a boost.
NICK BRUINING: Many seniors would be better off changing to a modern account-based pension fund without any impact on their Centrelink entitlements.
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