Sep 3, 2023 | Blog, Centrelink, Retirement Income Streams, Superannuation
Pension grandfathering rules apply to recipients of account based pensions (formerly allocated pensions) continuing to have their pension assessed for Centrelink and Aged Care purposes under the deducible amount method, rather than the deeming method. Some conditions...
Sep 3, 2023 | Blog, Centrelink, Retirement Income Streams, Superannuation
The defined benefit income stream schedule for Centrelink assessment purposes is determined by the tax free component of the income stream. Unlike other types of retirement income streams, a defined benefit pension does not use a formula to calculate the deductible...
Sep 2, 2023 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, Superannuation
If you were born in 1965, you can retire when it is affordable to do so. For most people, retirement becomes affordable when they can access their superannuation. Retirement income can also be supplemented if you become eligible for the Centrelink Age Pension....
Sep 2, 2023 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, Superannuation
The retirement age for women, based upon the general concept or definition of retirement, is no different between men and women. Therefore, the retirement age for women in Australia is the same as the retirement age for men. I define retirement as the ability to cover...
Sep 1, 2023 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, Superannuation
The relationship between Allocated Pensions and Centrelink is important to understand. Your allocated pension will affect the level of Age Pension that you are entitled to. This article explains how your Allocated Pension affects your Centrelink entitlements and what...
Aug 19, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
What is the retirement age for someone born in 1966? The retirement age for someone born in 1966 in Australia depends on whether you are referring to your superannuation retirement age, or when you can collect social security. This article explores superannuation and...
Aug 12, 2023 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, SMSF, Superannuation
If you are an Australian born in the 1960s, and wondering when you can retire, then you have come to the right place. Everything here is groovy my little flower child. Your afro is long-gone and you’ve replaced your bell-bottoms with cargos and crocs; but now...
Feb 17, 2023 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, SMSF, Superannuation
When can you retire if you were born in 1968? Retirement is based on your ability to cover living expenses without needing to earn a work-related income. You may choose to continue working after reaching retirement, but it is good to know your full retirement age. If...
Feb 17, 2023 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, Superannuation, Superannuation Tax
The best time to retire for tax purposes in Australia is largely determined by superannuation rules. In saying that, the level of retirement income you need will also be a consideration. This article will assume that you have adequate funds to retire and are simply...
Jul 28, 2022 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
Were you born in 1967 and wondering when you can retire? This article focuses on the retirement age for someone born in 1967. There are two types of retirement ages for you to consider. There is the superannuation retirement age and then there is the social security...