Aged Pension & Social Security Advice in Maroochydore
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At Sunshine Coast Financial Advisers, our financial advisers can assist in cutting through the jargon and paperwork to help find strategies to maximise your Centrelink entitlements. For years, we have been assisting clients all throughout the Sunshine Coast, Caloundra, and Brisbane with all matters relating to social security and pensions.
The Age Pension forms a large part of retirement income for many Australians. We can guide you through all the key (and sometimes, overwhelming) elements of dealing with Age Pension, including the eligibility criteria, payment amounts, allowance and paperwork. Whether you are still working, nearing retirement, or are already retired, our qualified financial advisers can help you get through the paperwork, but also possibly maximise your entitlements.
For a complimentary appointment with one of our qualified and experienced financial advisers on the Sunshine Coast, contact us today.
There are several ways you can maximise your entitlements, such as your Age Pension. This can include considering things such as correcting your asset valuations, paying down bets, correctly structuring your loans, and purchasing a funeral bond. For further information on debt reduction, click here.
At Sunshine Coast Financial Advisers, we can provide a wealth of knowledge, assisting our clients through understanding pensions and social security. We are also qualified to provide advice on superannuation, retirement living, as well as assisting in planning your estate.
In Australia, to be eligible for the Age Pension, you need to be the qualifying age or older. This is otherwise known as your Age Pension age. You must also be an Australian resident and in Australia when claiming this pension. Birthdates determine your Age Pension age.
Your Age Pension age
Date of Age Pension age change
1 January 1954 to 30 June 1955
1 July 2019
1 July 1955 to 31 December 1956
66 years and 6 months
1 July 2021
On or after 1 January 1957
1 July 2023
For further information on Age Pensions and entitlements, speak with us today.
If you don’t satisfy the above requirements, the Australian Government does offer alternatives to assist you during your retirement. For example, there is an international agreement that allows eligible New Zealand citizens living in Australia to claim the Age Pension, Disability Support Pension and the Carer Payment. Various other international social security agreements also exist between countries in Asia, Europe, as well as North and South America. For further information on your social security benefits, get in touch with our Maroochydore financial advisers today for a complimentary consultation.
Once you’ve reached Age Pension age, your superannuation will be counted as an asset under the assets test. On the basis of being a homeowner, you can have up to $252,500 in assets before it affects the pension you receive.
Geozar Pty Ltd t/a Sunshine Coast Financial Advisers (ABN 29 626 340 949) is a Corporate Authorised Representative (No 001266466) of Infocus Securities Australia Pty Ltd (ABN 47 097 797 049, AFSL 236523).
This information is of a general nature only neither represents nor is intended to be specific advice on any particular matter. We strongly suggest that no person should act specifically on the basis of the information contained herein but should seek appropriate professional advice based upon their own personal circumstances. Although we consider the sources for this material reliable, no warranty is given and no liability is accepted for any statement or opinion or for any error or omission. Past performance is not a reliable indicator of future performance. Please refer to the Product Disclosure Statement (PDS) before investing in any products mentioned in this communication. Information is current as at the date of publish.
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