Age Pension Guide

Age Pension income Deeming rates drop in May 2020

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[…]

Life Expectancy or “How long will I live?”

How to avoid Centrelink debt

How to avoid a Centrelink debt by Christine Hopper If you receive a Centrelink pension payment, you need to tell Centrelink about your income and assets and about any changes in your personal circumstances. Failure to update Centrelink could cause you to be overpaid.  Overpayments result in debts at Centrelink and reduced pension payments later. Read more about How to avoid Centrelink debt[…]