An eligible couple could collect almost $47,000 a year for life, freeing up their Australian superannuation savings for fun stuff instead of generating a retirement income. Here’s how to get money for jam!
Nick Bruining
Over the ages, there have been broadly three reasons why people have retired. But where did the idea of retirement come from? And how was it handled in ancient times? It’s a fascinating history lesson!
Anthony Asher
Lucky enough to get an overseas pension? Good for you. Think you can just hide it away in an overseas bank account and use it to fund holidays while abroad? Centrelink will tell you, that’s a really dumb idea.
Q+A: With the cost of rent so high, some retirees are pooling resources and moving in together to share the burden. But there’s a danger Centrelink can — and will — treat you as a couple and cut your pensions.
Q+A: Bombarded by quirky and colourful ads, it’s easy to think the grass is greener on the other side of the super fence. But before you switch, here’s the proper way to put a fund’s performance to the test.
West Australians using the myGov service have been warned to remain alert following a sharp rise in identity theft, with the data pinched being used to redirect pension payments to scammers’ accounts.
Jeff Pollard is no fool when it comes to online safety. But his ordeal proves even the security-savvy can get caught out. Here’s how the scammers did it and why you need to remain vigilant.
Q+A: What does third-party insurance you get through car registration actually get you? Many are unsure, or think they’re covered for some events that could cost them dearly if they don’t have extra protection.
Q+A: How did someone with an income of $56,000 cope with an extra $3900 tax bill that is supposed to be just for uber-earners? This super-silly mistake could have been easily avoided. Here’s how ...
Part-pensioners with account-based pension funds might want to use the silly season to spread the wealth and share some of their recent gains ... and boost their pension.
Q+A: What happens if one half of a couple is eligible for an age pension but the other is still working? It’s not good news for the retiree, but there might be a way to ease the financial pain. Here’s how . . .
Q+A: There’s nothing better than enjoying your retirement with the odd getaway. But if you’re receiving an age pension, do you need to tell Centrelink every time you make a withdrawal to fund an adventure?
Pensioners with large homes full of empty bedrooms may be able to top up their pension payments with tax-free income, while at the same time making new friends from overseas.
Q+A: It’s tough to watch your kids go through hard times, and you might even suggest they move back home for support. But if they offer to pay you rent, will it affect your Centrelink age pension?
Soaring house prices are a pain for first-time buyers but great news for retirees hoping to stay put. Here’s how they can leave their super savings to grow while living off the equity locked in the family home.
Wayne Leggett
Q+A: Got a cash pile sitting in a term deposit? As we edge closer to a fall in returns as the RBA starts to cut interest rates, could that money be working harder for you in your super fund?
Q+A: Brokers can make big promises about what you’ll get for handing over your money. But what happens if the investment goes sideways? Here’s how to see if you’re entitled to compensation and how to get it.
Sick and tired of spending hours waiting for Centrelink to pick up the phone and answer a simple query? We’ve got the shortcut you’ve been waiting for to get problems sorted much sooner.
Q+A: Are you up for a big compensation payout? If you’re a pensioner, Centrelink doesn’t care why — or from where — you get the money, as long as they know about it. And that could cost you your pension.
Mum needs to move into care. The natural inclination might be to sell up everything, including the family home, to fund a spot in a nice place with great staff. That could be a huge mistake. Here’s why . . .
Q+A: Self-managed super funds offer flexibility but the cost burden to run them can be tough to swallow. If you’re paying an accountant $5500 and have less than $900k in there, it could be time to shut it down.
Your Money has discovered a Centrelink hack that can put you on the fast track to getting your issue sorted sooner. And there also a great call centre dodge for West Australians.
The bank of mum and dad may not be the lender of last resort you hoped for, with a new report showing the over-50s are the new category of Aussies facing financial stress, with their house and pension at stake.
Q+A: Ever worked in the UK? The clock is ticking on your chance to back-pay missed National Insurance contributions and get an almighty return on today’s small investment come retirement. Here’s how. . .
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