Maximising your income in retirement

The time has finally come to be able to live your life. With so many things to look forward to, the last thing you want to be thinking about is whether you’ll have enough money to live the lifestyle you deserve.

You want you to enter into retirement knowing that you have enough money to live comfortably and that your hard-earned savings, superannuation and investments will last without having to modify your current lifestyle.

The Age Pension can be a very important component of your retirement income as it could potentially make your money last longer. Although the government has numerous measures in place to limit eligibility for the Age Pension, many retirees may still qualify for a full or part pension.

Maximising your income in retirement

 

We have developed this e-guide to provide you with more information about accessing the Centrelink Age Pension including:

  • Retirement planning and the Age Pension
  • Who is eligible for the Age Pension
  • What is assessed for the Age Pension

This e-guide also arms you with:

  • Key considerations to maximise your age pension
  • A glossary of key financial terms
  • Answers to our most frequently asked questions on this topic

The e-guide is full of the information that you need to understand the Age Pension and how you may be able to benefit from it.

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Who is this eGuide for?

This eGuide is for you if you are:

  • currently retired and/or on the Age Pension,
  • actively planning your retirement, reducing your working hours, or
  • just thinking about your future long-term financial plans.

Case Study

Recently, we helped one of our clients restructure their finances slightly to realise a significant increase in their fortnightly pension payments. Aged 68, Clive* was fully retired.

His wife Julia* was 64, and she had decided to stop working so they could share some of the experiences they’d been looking forward to. Clive* had been receiving a small Age Pension of around $30 a fortnight.

After assessing Clive and Julia’s goals and objectives in retirement we were able to recommend a restructure of their finances. This led to Clive’s pension increasing to $390 per fortnight, or $10,140 per annum. There were costs and other considerations due to the restructure, but the clients were over $6,000 better off this year alone due to the strategy.

*To protect the privacy of our clients, names have been changed.

Find out how we can help you

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What our clients are saying

“Morgans have been terrific in listening to what I want do in retirement, and tailoring a relevant well-priced solution to meet my needs. I cannot ask for more than that.”

“Looking forward to a full retirement and financial security with Morgans support.”

Download our Maximising Your Income in Retirement e-guide to gain all of the information you need about the Age Pension and how you may be able to benefit from it.

Age Pension eGuide

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