Age pension | Pension loans scheme | TPD structure | Contributions cap | Working couples
In this month’s newsletter, we provide an overview of the Age Pension eligibility tests—the Age Pension remains a vital source of income for many older Australians in retirement. Our animation illustrates one of several options to boost retirement income, the Government’s Pension Loans Scheme. When establishing a total and permanent disability (TPD) insurance policy, choosing an appropriate ownership structure is important—we discuss ownership structures, inclusive of claim definitions and tax treatment considerations. The contributions caps limit super contribution amounts—we provide an update on these caps, which are set to increase from 1 July 2021. Lastly, we leave you with a short, but insightful TED Talk from Jennifer Petriglieri, where she offers guidance on how working couples can support each other.
Age Pension entitlement: Eligibility tests
The Age Pension remains is a key source of income for many older Australians in retirement. In this article, we discuss the Age Pension and the eligibility tests that need to be met to qualify for it.