The Age Pension thresholds will change on 1 July this year. Whilst the changes won’t go live until 1 July, the rates for each category of Age Pension entitlement has been released.
This gives you time to consider what this means for you, depending upon the type of benefit you may receive, or hope to.
More self-funded retirees will be helped to ease their cost of living pressures with changes to the Commonwealth Seniors Health Card now legislated.
This Scheme allows senior Australians to access the equity in their real property by borrowing from the government,
against the value of their property to supplement their retirement income. And they don’t have to be receiving income support from the government to qualify. But they do need to have appropriate and adequate insurance covering their secured real asset(s).