Accessing Age Pension
The Australian Government provides financial support to residents who have reached Age Pension age. To access the pension, you will need to have been an Australian resident for at least 10 years and have income and assets that with the assessment criteria.
Age Pension is changing, and this has brought about a lot of confusion for people approaching retirement age. To account for our ageing population, and more people having to access Age Pension for longer, the Government is slowly increasing the qualifying age from 65 to 67.
How Much Will I Receive?
The amount you receive will depend on your income and the value of your assets. The amount is also different for single people and couples.
There are a number of factors to consider when making your claim, and they require a sound knowledge of your current financial situation. If you’re unsure of whether you may be eligible for the Age Pension, or if you’d like some help with making your claim, then we can help.
The Financial Lifestyle Solutions SA Difference
Centrelink and other Government assistance can be extremely confusing without guidance. Too many people going it alone end up either missing out on money they may be entitled to, or having to wrestle with overpayment and/or backpay dramas.
It pays to get it right the first time, so that you don’t have to experience this financial stress. Instead, you can focus on enjoying the retirement you’ve earned. Speak with the Financial Lifestyle Solutions SA team today to book your consultation.