Sell house, lose pension

Tag Archives: centrelink changes

Sell house, lose pension

Should first home buyers have access to their super?

A new home downsize incentive could reduce your age pension A NEW incentive to tempt senior Australians to downsize their home could cost them their entire age pension. The dressed-up superannuation tax break, promoted by the Federal Government as helping housing affordability, risks leaving many retirees worse off financially and will mostly benefit wealthy people. From July this year, people aged over 65 can […] Read More >

Dont throw assets away for Jan 1 Centrelink changes

RETIREES worried about tougher new age pension rules are trying to lower their Centrelink-assessable assets through buying funeral bonds and other strategies. In a recent article published in news.com.au by Anthony Keane, several Financial experts including David Koch and Planning for Prosperity’s own Bob Budreika were interviewed on the impact of the impending Centre-link entitlements and […] Read More >

Centrelink changes from 1 January 2017

centre link changes

Centrelink changes to impact retirees We usually discuss a range of financial issues in our monthly articles.  This month we’ve decided to focus on the Centrelink changes as they will affect those retirees in your community or those that will be applying in the near future.  Even if you aren’t receiving Centrelink you’ll appreciate the […] Read More >

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