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Age Pension

As this reader's assets increase, her pension may consequently be reduced. Source: Getty.

Age Pension

‘I’m worried that releasing $200K in home equity will impact my pension?’

There are clever solutions that could allow this reader to downsize AND keep as much of her pension as possible.

Written byRachel Lane

Politics

Budget 2020: Pensioners to pocket $500 as govt warns ‘deficits for decade’

Budget 2020: Pensioners to pocket $500 as govt warns ‘deficits for decade’

Here are the key changes that will affect senior Australians outlined by Treasurer Josh Frydenberg in tonight's Federal Budget.

Written byJessica Galley

The treasurer unveiled the budget on Tuesday night. Source: Getty.

Age Pension

Boost for pensioners promised in October budget: Report

Boost for pensioners promised in October budget: Report

Social Services Minister Anne Ruston says the upcoming October 6 budget will include more money for older Australians.

Written byPenelope Pelecas

The age pension will receive a boost next month. Source: Getty.

Age Pension

‘If we divorce, can we still get the pension with $900K in cash and a $800K inheritance?’

‘If we divorce, can we still get the pension with $900K in cash and a $800K inheritance?’

Maximising Age Pension entitlement requires careful structuring of your assets, even in less complex situations.

Written byRachel Lane

Getting divorced can ignite a whole range of financial problems. Source: Getty.

Age Pension

‘Is it feasible to upsize, rather than downsize, to get a bigger pension?’

‘Is it feasible to upsize, rather than downsize, to get a bigger pension?’

Noel Whittaker has an answer for this community member, plus others on equity release and downsizing to pay off rental properties.

Money ExpertNoel Whittaker

Deciding which bucket to put your income and assets into can be difficult. Source: Getty.

Age Pension

‘How can a self-funded retiree access to the side-benefits of the pension?’

‘How can a self-funded retiree access to the side-benefits of the pension?’

“I understand I can’t get an Age Pension but would love to get access to the many other benefits pensioners receive.”

Money ExpertNoel Whittaker

This self-funded retiree wants to have his cake and eat it too when it comes to the pension. Source: Getty.

Property

‘Are there pension or estate issues if my parents have a granny flat on my land?’

‘Are there pension or estate issues if my parents have a granny flat on my land?’

Granny flats are an Aussie institution but they come with serious legal, financial and tax implications.

Written byRachel Lane

Building on family property might be more hassle than it's worth. Source: Getty.

Everyday money

Retirees lived for less last quarter as the cost of living dropped more than 1%

Retirees lived for less last quarter as the cost of living dropped more than 1%

The reduced cost of living is linked to a drop in everyday expenses, with the price of petrol, electricity, gas and water all falling by significant amounts.

Written byRachael Rosel

Retirees can take comfort in knowing the cost of living was reduced for last quarter. Source: Getty.

Experts

‘Why must I take a super income if I’m happy living on a full pension?’

‘Why must I take a super income if I’m happy living on a full pension?’

Is it fair to prevent non-working Australians over pension age from making super contributions? One reader says no.

Money ExpertJim Kilkenny

At this stage, people with account-based pensions really only have one option. Source: Getty.

Age Pension

Bad news for pensioners: Age Pension will not increase in September

Bad news for pensioners: Age Pension will not increase in September

The pension is usually indexed twice a year - but the Department of Social Services has confirmed the increase will not go ahead next month.

Written byJessica Galley

The pension is indexed twice a year, in March and September. Source: Shutterstock.

From our community

A miserly UK pensions policy robs thousands of retirees in Australia

by Jim Tilley

‘Inflation and the cost of living: It’s all relative to me’

by Brian Lee

‘The Age Pension is not your reward for working hard’

by Marnie Rogers

‘It was like winning the lottery when I received the Age Pension’

by Karen Jones