Six Strategies to Maximise the Age Pension

[@elsachu9607]

I am looking for ways to optimize my Age Pension entitlements while ensuring legal compliance, I have heard from KZbin channel which is to contribute super to my younger spouse in order to legally hide money from Centrelink Age Pension. I already at Age Pension age while my partner is several years away. I just want to found out for Centrelink purposes, will this action to be seen as Gifting? And it’s not benefit to optimize my Age Pension entitlements within a period of 5 years. Thanks for your kind advice.

[@GuidedInvestor]

@elsachu9607 yes, this is a common strategy employed by a lot of retirees and it is not deemed as a gift. There are a few things to be aware of so just make sure you do your homework first 😊

[@vanessawoo6980]

Hi Brad. If my partner is to apply for pension, would he be assessed on his own or as a couple? What is the income and asset threshold to be eligible?

[@GuidedInvestor]

Hey Vanessa, you are assessed as a couple even if only your husband is eligible. I deliberately didn't put the asset thresholds in the video because they depend on your situation and change regularly, but you can find them here www.servicesaustralia.gov.au/assets-test-for-age-pension?context=22526