Centrelink Tags - Watkins Financial Services

On Tuesday 9 May 2017, the Treasurer, Scott Morrison, released the Government’s 2017-18 Budget. This year’s Budget won’t significantly impact retirees; however, there were plenty of changes announced that could affect you. For further information regardiContinue Reading...

$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...

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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