Noel Whittaker's Blog
By Noel Whittaker
Superannuation is an exempt asset for Centrelink purposes until the owner reaches pensionable age or until they start a pension from it. If a member of a couple has not reached pensionable age it’s prudent, if appropriate, to keep as much of the superannuation in the younger person’s name because then it is exempt from …
As we move towards a federal election you can bet that retirees will be a major focus for all political parties. After all, they are the fastest growing group in the country and most of them have plenty of time on their hands to voice their opinions. But the system is complex, and many people …
Welcome to the second part of our series explaining the tricks of the age pension system. Remember, you are tested under both an income and an assets test, and the one that produces the least pension is the one used. There is age pension calculator and a deeming calculator on my website www.noelwhittaker.com.au Most wealthier …
The age pension represents a major source of income for most retirees – yet many are unaware of the tricks and traps. It’s a big topic, so in a two-part series starting today I will explain the system to you. The pension is adjusted on a regular basis and the latest six-monthly age pension adjustments …
How much money do we need to retire? This is one of the questions I’m frequently asked. There is no simple answer – people’s spending habits vary enormously, and a heap of variables, such as how long you will live, and the state of your health, come into play. Even so, it’s worthwhile doing some …