Centrelink

The Australian Government offers a range of social security services and payments to support those in need and assist people to become self-sufficient. Benefits are provided through various means, such as pensions, allowances, concessions and aged care services.

In assessing your eligibility for benefits Centrelink will apply a number of different calculations to your assets and income. Basic conditions of eligibility (such as age, health, employment status) and residential requirements must be met.

Understanding the rules and planning ahead can increase your potential benefits.

  • A positive pension change with a cash rate twist

    Later this month around 630,000 Australians currently qualifying for a partial age pension will receive a welcome fortnightly payments boost.

  • Shares to remain volatile as trade war heats up

    Shane Oliver - Investors should expect more sharemarket volatility over the next year as the trade war between the US and China ratchets up, according to AMP Capital.

  • NALI, LRBA measures pass Parliament

    The government’s further restrictions to non-arm’s length income and LRBAs have passed Parliament, meaning SMSF trustees approaching retirement with an outstanding loan on a property will need to consider their options when planning contribution strategies for the 2020 financial year.

  • Interest rising in SMSF set-up

    Interest in setting up an SMSF among those in APRA-regulated super funds is on the increase, while the average balance and age of new SMSF trustees have declined, according to Investment Trends data.

IT Financial Services, ABN 48 097 884 976, is an Authorised Representative of Apogee Financial Planning. Apogee Financial Planning Limited ABN 28 056 426 932 is an Australian Financial Services Licensee and has its registered office at 105 - 153 Miller Street North Sydney NSW 2060. A member of the National group of companies.