Work bonus | Home support | Financial needs | Intestacy rules | Flexible super
In this month’s newsletter, we begin by discussing the Government’s Work Bonus scheme, and the benefits associated with it, for those of us who continue (or recommence) working during our retirement years. Our animation illustrates the Commonwealth Home Support Programme, an entry-level aged care program, aimed at helping us to continue to live independently in our home for as long as possible. Life events – such as COVID-19 – can disrupt context cues and create opportunities to make decisions and implement new intentions and goals; we touch on financial needs and wants in a post-COVID-19 world. Passing away intestate has the potential to cause undue emotional and financial distress for the loved ones that are left behind; we provide an overview of the intestacy rules in Australia. We also share a clever video by Volvo as a segue to give an update on several proposed measures from the 2019-20 Federal Budget – these relate to providing more flexibility for older Australians to contribute to super.
Working during retirement and the Work Bonus scheme
When looking at long-term data, the workforce participation rate of those aged 65 and over has steadily risen over the years. In this article, we discuss working during retirement and the Work Bonus.