What do you get?
There are a number of benefits available to people of retirement age including:
- An age pension paid fortnightly
- Pensioner Concession card
- Pharmaceutical allowance
- Rent assistance
- Telephone allowance
- Remote area allowance
Income and Assets Test
The amount of Age Pension you receive will depend on your own circumstances and will be assessed via an income and assets test. Centrelink performs four steps to determine what your pension will be.
Hey, worried about the new changes to The Aged Pension that started on January 1st 2017?We've got you covered with this free half-hour webinar!
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How Ethica Can Help YouBetter Financial Planning is in Our DNA
This is particularly important for those who haven’t yet paid off their mortgage, have other forms of debt and/or dependent family members. Being over 55, insurance can help you protect your last ‘earning years’ to see out your savings and investment plans.
Although you may be nearing the end of your working years, it’s not too late to look at your wealth building options to fund your aspirations. However, without the luxury of years of compounding, your investment decisions are very important.
The Federal Government has made some changes to the aged pension in recent years, with further changes currently on the drawing board. The team at Ethica keeps up to date with the latest requirements for receiving a part or full aged pension, so we can answer your questions.