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Pension Wise

Phone: +61 484 370 283

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24.01.2022 Men’s Health Week (15-21 June 2020) aims to raise awareness of men’s health issues such as prostate and testicular cancer, mental health and wellbeing. This wee...k I’d like to encourage all men to take charge of your health. Go get that medical check-up if you’ve been putting it off. Remember, men over 50 are entitled to one free prostate check per year and if you have a health care concession card medical appointments can be bulk billed. If you have been having a tough time lately, we also have social workers who can provide support, information, short-term counselling and referrals to help you. To find out more about Men’s Health Week and support services for men visit: https://menshealthweek.org.au/

24.01.2022 The General Manager of Services Australia, Hank Jongen, and Financial Information Officer, Justin Bott, have recently recorded some Podcasts in which they discuss the impacts the coronavirus pandemic has had on Centrelink Payments. This episode focuses on Early Access to Superannuation - a MUST listen for anyone considering early access to their Super.

22.01.2022 Today we discuss the Family Home. Usually exempt from Age Pension Means Testing, what happens if you sell or vacate the family home? Have you heard of the 12 month exemption? 0484 370 283 / [email protected]

19.01.2022 REMINDER!! Centrelink News for Older Australians is now a subscription email service. They have been sending lots of updates recently and it is free to register. Click on the link below to quickly register your email address - an easy way to ensure you keep abreast of Centrelink News! https://www.servicesaustralia.gov.au//n/older-australians

19.01.2022 Finishing our week with a couple of Frequently Asked Questions. Today we discuss, 1. Centrelink Age Pension versus Centrelink Job Seeker Payment 2. Couple Assessment where only one of you has reached Age Pension age If there are specific questions you would like answered in these video’s, please feel free to contact us via Messenger, Email or the comments below. ... Have a fabulous weekend!

17.01.2022 Financial Recessions, Investment Market Volatility & Inflation These are headlines that concern most retirees, and understandably given most Superannuation benefits are invested heavily towards shares and other growth assets. Most retirees rely on a combination of Superannuation and the Age Pension to meet their financial needs in retirement. So it is heartening to know that the Age Pension is increased with rising incomes and inflation; in fact, it has risen twice eve...ry year since 1980! Not many investments can make that claim! Currently representing an annual income of $24,551 for Singles and $37,013 for Couples, the Age Pension is an important foundation of most retirement incomes. If you are approaching Age Pension age do not delay your claim. If you are already receiving the Age Pension make sure you are getting what you are eligible too. Pension Wise is here to make your Centrelink journey easy! If you would like assistance with your Claim or reviewing your existing Age Pension benefits please do not hesitate to contact us. 0484 370 283 [email protected]

16.01.2022 With the Centrelink Age Pension NOT increasing on 20th September 2020 as scheduled, it is really important that you review your position with Centrelink, to ensure your current Payment Rates are correct. ** Trivia: Did you know, the Age Pension has increased EVERY March and September since 1997?

15.01.2022 Council Rates Discounts One of the most popular discounts available to eligible to Pension Reciptients and Card Holders is the discount they apply to receive on the Local Council Property Rates. But did you know the discount you are eligible to is dependant upon your Local givernment area in which you reside?!One of the most popular discounts available to eligible to Pension Recipients and Card Holders is the discount applied to Local Council Property Rates. But did you know the discount you are eligible to is dependent upon the Local government area in which you reside?! Additionally, in most cases you will need to complete a Concession Application Form and supply this to your Local Council to have the relevant discount applied [Redland City Council example provided]

13.01.2022 Member of a couple and only one of you Age Pension Age? You may want to check out this short video about the opportunity that exists for you to shelter Assets in the younger Spouses Super Fund; it may just result in a few extra $$’s per fortnight! Call us to discuss how this may work for you; 0484 370 283.

13.01.2022 Centrelink Payment Rates have not changed - but the Income and Asset Test thresholds have increased effective today. If you are on a Full Pension, you will not notice any change to your payments. However, if you are on a Part-Pension you will start to see a slight increase to your payments over the coming fortnights.

13.01.2022 If you are ineligible to a Centrelink Age Pension because your Income or Assets are too high, you may be eligible to a Commonwealth Seniors Health Card. This card offers discounts and concessions on a range of things, from pharmaceuticals to utilities, to cost of living expenses such as car registration. Eligibility to this card includes being of Age Pension age and having income below the relevant limits; $55,808 pa for Singles, $89,290 pa for Couples. Further details included in this video.

12.01.2022 You are obliged to tell Centrelink of changes to your circumstances within 14 days of them occurring. But what information does Centrelink automatically update on your behalf throughout the year?

12.01.2022 Perhaps you are ineligible to the Age Pension because of your Income or Assets have you considered the Seniors Health Card? You may be eligible to a Health Care Card if your assessable income is below: $55,808 p.a. for Singles, $89,290 p.a. for Couples (combined)... Generally, assessable income is your Taxable Income, Foreign income, Net Investment Losses, Reportable Superannuation Contributions (like salary sacrifice) and Deemed Superannuation Income Streams. The card provides a range of discounts and concessions for Doctor appointment and medications and may even provide access to discounted utilities, registration or Council Rates depending upon the State and Local Government Area in which you live. Pension Wise can help you apply, dealing with Centrelink on your behalf; Contact Us to find out more: 0484 370 283, [email protected]

11.01.2022 The July $750 Coronavirus Economic Stimulus payment has commenced being made this week - are you eligible?

11.01.2022 Tax time is nearly here, so make sure you're following the Australian Taxation Office for helpful information and updates.

11.01.2022 This week our local paper has a Feature highlighting local Businesses currently Open - have you seen our new Advert? Thank-you again to Lacey Milzewski and her team at ACM for helping put this together Do yourself a favor and check out the Paper Wrap - our local community grows stronger when we support each other

10.01.2022 Centrelink is still under high demand. If you are approaching Age Pension age, it is important to be prepared; here are a couple of Tip Reminders to help you avoid financial hardship whilst your claim is being assessed.

09.01.2022 Like many businesses, Pension Wise will be reviewing and adjusting our Services and Fees at the beginning of the Financial Year. To secure our current pricing, please contact us before July 1 to book your Initial Meeting. 0484 370 283 / [email protected] / www.pensionwise.com.au

05.01.2022 You do not have to retire to claim the Age Pension - and many people are surprised at how much they can earn & still receive a part Pension (plus the all-important Pensioner Concession Card!) Many people who reach Age Pension age do not enquire about Age Pension eligibility due to the common misconception that you must retire to receive it. Although your Income and Assets must be below certain levels to be eligible to the Pension, Retirement is not a condition of eligibility.... With schemes such as the Work Bonus, many people are also surprised at how much they can earn from employment, and still retain eligibility to a part-Pension. The current Income Test cut-off point is $2,062.60 per fortnight for Singles, and $3,155.20 per fortnight combined for couples. A free Age Pension estimator is available on the Services Australia website; https://www.centrelink.gov.au//paymentFinderEstimatorPage.

05.01.2022 Today we discuss the latest Centrelink News in relation to; - Robo Debt - Job Seeker Payment Mutual Obligations - 1 June Financial Asset revaluations... - Centrelink Staff See more

04.01.2022 My favourite part of the job is building relationships! Today I am out doing a number of house visits, really making sure my clients understand their Centrelink position and entitlements.. just one of the many advantages of using our ongoing services. Contact us to see how we can make your Centrelink journey stress free! 0484 370 283 [email protected]

03.01.2022 The extra staff Centrelink has employed has decreased call waiting times - however, the increased number of new staff can make dealing with Centrelink difficult in other ways. Here are 3 quick tips to try and make dealing with Centrelink a little easier and less frustrating. Of course, Pension Wise have a range of assistance services to deal with Centrelink on your behalf - contact us today to find out more.