by Christine Hopper Age Pension income Deeming rates drop in May 2020 The Australian Government’s response to coronavirus (COVID-19), announced on 22 March 2020 included “On 1 May 2020 the deeming rates will drop from: 1.0% to 0.25% for the lower tier and from 3% to 2.25% for the higher tier.” This means that on Read more about Age Pension income Deeming rates drop in May 2020[…]
by Christine Hopper Superannuation lifetime income streams You can choose to accept part of your superannuation money in the form of a lifetime income stream. Lifetime income streams are a series of regular payments that keep coming as long as you are alive. A lifetime income stream only stops when you finally stop breathing. Lifetime Read more about Lifetime income streams[…]
Age Pensioner financial assets for income deeming by Christine Hopper Why define Centrelink Age Pensioner“financial assets”? Centrelink Age Pensioner Income Tests use the deemed financial income from your financial assets rather than your actual earnings from financial assets. Therefore, you need to identify your Centrelink Age Pensioner financial assets before you could calculate your deemed financial Read more about Age Pensioner financial assets for income deeming[…]