Noel Whittaker's Blog
By Noel Whittaker
Last Tuesday the Reserve Bank acted dropped interest rates even further. To make matters worse for retirees, there are hints that the next move is more likely to be down not up. Consequently, I have been receiving a flood of emails from readers asking where they could find the best bank interest rates on their …
The federal government has introduced a wide range of stimulus measures in the aftermath of COVID-19, but one group that appears to be overlooked is self-funded retirees. However, if they know the way the system works, there is still one strategy that may be well worth pursuing. That is to apply for a Commonwealth Seniors …
Today I will talk about to issues which are of major importance to retirees. The first concerns the minimum pension payments which must be made each year from the superannuation account in pension mode. The two relevant factors are the balance at June 30 last, and the age of the member. For example, a person …
Recent figures from the Australian Bureau of Statistics (ABS) state that only 56% of people aged 55–64 are mortgage-free, and there are fears that more and more Australians will find their retirement plans seriously challenged as they try to survive on a reduced income, with mortgage payments to boot. The problem can be solved by …
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 …