Age Pension Tags - Watkins Financial Services

$59,236 per year for a couple, $43,184 for a single retiree Once we retire, we have a fundamental problem – how do we go about providing our income needs? The Association of Superannuation Funds of Australia (ASFA) calculates that, for those aged around 65 yContinue Reading...

Introduction Last night the Federal Government handed down the Budget for the 2016-17 year that includes some of the biggest changes to the superannuation system since 1 July 2007. Some of the major announcements include: • changes to contributions caps, incContinue Reading...

300,000 people will have their Age Pension cut, 100,000 people will receive no pension! Couple homeowner who now have assets of between $823,000 – $1.16 million will lose Centrelink Part Age Pension from 01.01.2017. It means a loss of Age Pension of arouContinue Reading...

The Federal Government’s proposed budget changes to Centrelink Age Pensions has led many financial experts to argue that individuals would be far better off renovating their homes, buying fancy cars, or blowing cash on an overseas holiday than saving hard foContinue Reading...

Centrelink Account Based Pensions or Income Streams that are established post 1 January 2015 will be deemed as financial investments for Centrelink purposes. Previously Account Based Pensions were concessionally assessed, with the income generally not being coContinue Reading...

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