An increasing number of retirees are seeking ways to live in their homes and find other sources of income to support their lifestyle.
retirees
600 sign Pension Boost’s No Negative Equity Guarantee petition
Pension Boost has a petition running to bring the government’s reverse mortgage solution known as the Pension Loans Scheme (PLS) into line with regulations that have applied to commercial reverse mortgage providers since 2012.
Which retirees can access Government Pension Loans Scheme?
Since July 2019, all retirees with sufficient equity in their property have been eligible for the Federal Government’s Pension Loans Scheme (PLS) to borrow against their home.
Federal Budget not a panacea for retirees
The expectation of action in the Federal Budget on lower taper rates for retirees who have assets/income beyond the current Age Pension limits have been frustrated.
Work test exempt contributions details now released
In the 2018 May Budget, the Government announced the proposal to allow individuals who are recent retirees and who have attained age 65, to make last chance voluntary contributions by providing a one year exemption from the work test.
Shorten plan would adversely affect retirees with small balances
Mr Shorten’s proposal announced this week that cash refunds of excess franking credits should be scrapped will have a greater proportionate adverse impact on a retiree with a $500,000 balance than a retiree with a $5m balance. If implemented, a retiree with only $500,000 in super will not be entitled to any franking credits (as […]
How can advisers discuss trust structures to manage CentreLink assessable income without incurring large legal fees for their client?
Richard Atkinson demystifies the mechanics and costs of using trusts to quarantine assets for retired/retiring clients who want to better manage their Centrelink Income Test outcomes. 1. Task CentreLink deeming of financial assets tests becomes tougher for retirees seeking access to Government benefits from 1 January 2015… this will affect more people seeking lower costs […]