Category «Retirement»

Latest Changes to Pension Rates

All pensioners, whether they receive a full or part pension, will receive one if not two pension bonuses this month. They will receive more on a fortnightly basis as a result of the recent indexation of the pension rates and thresholds. The maximum single age pension has increased by $7.20/fortnight to $933.40 and for couples …

Power Of Attorney

Estate planning is a critical issue as the population ages, but many people still don’t understand the consequences of not getting it right. Just recently a reader asked for advice about his family situation. His mother-in-law has instructed that the family home be sold when she dies, and the proceeds split equally among the family …

Keeping Your Credit Card

I have written before about the problems faced by retirees, who don’t have a credit card, and who are trying to get one. Often it may be a widow who is declined, because the family credit card was held in the name of the husband, often the breadwinner, with the wife having a supplementary card …

Deeming Rates

A slight rise in the age pension rates, and some small changes to the deeming rates, mean that many pensioners may now be slightly better off. Also, some retirees who did not qualify for an age pension because they were over the asset test cut-off point may start to qualify. Under the new rules a …