Recent Posts by Mark Teale

Is it time to review your Account Based Pension?

On the 1st of January 2015, the age pension assessment of account-based pensions changed.  Assessment of account-based pensions was brought in line with other “financial Investments”. What does this mean? The balance of the account-based pension, regardless of the income being drawn down, was assessed in the same way as money invested ...

Income – not always what it appears to be

A person’s age pension entitlement is based on several factors. Their age this is the obvious factor. Are they single or a member of a couple? Do they own their home or are they are renting? However, the overriding consideration in determining a person’s correct entitlement is the application of the assets ...

Would you borrow money from the government?

What am I talking about? Two weeks ago, the Government handed down the 2018 Budget. One of the more interesting initiatives was the expansion of the Pensions Loans Scheme (PLS) to take effect from the 1st of July 2019 – subject to legislation being passed. Since the announcement of the expansion of ...

Age Pension and the Superannuation Sweet Spot?

What am I talking about? I will try and provide a very simple explanation.  The “Superannuation Sweet Spot” is recent terminology referring to the amount of money a person or couple needs to have saved in superannuation to ensure they achieve a reasonable level of income while maximizing their age pension. There ...

My Comfortable Retirement

What does this mean? Every three months, an organisation known as the Association of Superannuation Funds of Australia (ASFA)  produces research providing details of how much a person needs in retirement to fund a comfortable lifestyle. The research is very comprehensive - documenting a detailed “comfortable budget” outlining how much a ...

Recent Comments by Mark Teale

 

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