Whats New with Age Pension

I promised to prepare an update on the most important information in relation to Age Pension payments and eligibility.
No wonder it is an important topic for many retirees, after all almost 80% of retirees are receiving some level of Age Pension today.
today we are going back to the Age Pension school - all you need to know to understand that complicated system.
I will cover the following:
Who is eligible for Age Pension
Current Age Pension rates and when they change each year
How is Age Pension calculated.
How much can you earn before Age Pension is affected - this is a very common question I keep receiving
How much assets can you have
When income and assets thresholds change
To download the book 12 PRINCIPLES OF INVESTING:
ebook.aboutret...
Contact details:
Katherine Isbrandt of About Retirement
Website: aboutretiremen...
Email: [e-mail]
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#KatherineIsbrandt #Aboutretirement #ChangesToAgePension

[@AboutRetirementTV]

Are you receiving any Age Pension payments? If not, why not?

[@ravipeter-andrew1603]

Thank you Katherine.

[@savannahbanks]

Thank you! We'll be trying to contact you today for a consultation. Excited!!

[@Robyn19fnq]

Thank you again Katherine for keeping us informed. My pension has been reduced from 20th September even though income has not changed. Perhaps Centrelink looks at the changing value of superannuation?

[@AboutRetirementTV]

perhaps, hard to tell without knowing the details

[@johngoard8272]

Thanks, Katerine I see that I did not get that increase you mentioned and will have to look into it. Now I do not do any work at least for money but do have a small number of shares that gives me about $350 pa and am just wondering if thtat makes any difference to my situation as a single person.

[@michaelwhalan9783]

Elephant in the room: recently proposed changes to the refundable aged-care deposit to $750000 supported by the coalition, and increased funding for at-home care.

[@AboutRetirementTV]

this topic is coming soon

[@Tony-eb5kh]

They make the rules and the people of Australia voted them in.

[@peaceful3250]

They got 32% of the votes.

[@angelamay6205]

Thank you Katherine, as ever, very informative. Just wondering about the Work earnings. I guess this means that each person in a couple can earn $300.00 per fortnight or $5,900.00 per year each. My query is, can this be earned over a 12 month period, and not necessarily every fortnight. I hope that makes sense. eg: work may be seasonal and the amount may be earned over a 3 month period, within a financial year?

[@VivienneWest-k3n]

Because I invested money, I am only receiving $670.05 a fortnight. What legal rights does the government dictate how much I can have in my own personal banking account. What they are doing is making money from me with the lose of over $440 . This will mean that I will have to reduce my spending concerning council rates, water rates and no longer get full health insurance. Don't try and say I got money put away, what I got is my business. Like all Australians I pay 4 different tariffs on everything that is imported, plus GST on the same item imported, plus GST on items in supermarkets.

[@ritmolatino1627]

can you cover plp on DSP as well please?

[@juliancooper8963]

Hi Katherine, when will your calendar be available to book a meeting online around June / July 2025 in preparation for Age Pension eligibilty - thanks.

[@AboutRetirementTV]

Hi Julian, the next year calendar will be opened next month. Lots of technology changes, hence the delay. All need to work together smoothly not to create problems with bookings.

[@savannahbanks]

Oh! I just tried to book an appointment but your calendar says you have no spots available for the rest of this year! ( and we were prepared to fly to Boronia!) Is it possible to get a suggestion of a financial advisor here in Perth? A sweet female advisor, of course! ❤

[@michaelmallal9101]

Will Dutton reduce payments?

[@AboutRetirementTV]

there is no plan for pension payments reduction. I do not believe any government would dare to do so.

[@i.k.sandhu3572]

How to contact you please, Thanks.

[@garrysmith4454]

If I am eligible for the aged pension and my partner isn’t 67 yet, am I paid single amount or couple amount?

[@LeeJahn-ih9xu]

Couple , they want partners income /assets also , even though their not eligible yet

[@aussietaipan8700]

176 liked.

[@AboutRetirementTV]

😀

[@i.k.sandhu3572]

What number to call you, please. Thanks.

[@Leemac--gg1]

That vase is not doing you any favours 🌷🌺🫶 but you sound nice good luck to you