Skip to main content
A Clear Direction
rss feedour twitterour facebook page linkdin
Financial Advisor Brisbane - AdviserScott Keefer - A Clear DirectionBuilding Investment PortfoliosPortfolio Management ServiceUpdated ContentContact Us - Brisbane Financial Planning
A Clear Direction Financial Planning logo

 Financial Happenings Blog 
Sunday, March 18 2007

There has been much talk about the superannuation changes that are now awaiting Royal Assent to be passed into law.

A lot of the talk has focussed on the fact that after age 60 all superannuation withdawals are tax free.

However one aspect of the changes that have been overlooked just a little is that of the change to the Age Pension assets test.  From September this year a homeowning couple will be able to have up to $780,000 in assets, and still receive a part age pension.  At the moment that cuts out at just over $500,000 of assets.

This is potentially a positive for:

  • Those people who are retired with less than $780,000 in assets who will start to receive some age pension
  • People thinking about ways of funding their upcoming retirement

For this last group, and if they are over 55 now, there are special income streams that they could start - even if they are working - to half the value of the assets in these income stream.  The most common of these income streams is a 'Term Allocated Pension'. 

Have a look into this as a matter of urgency - it could be a bit help to you.




Posted by: Scott Francis AT 06:34 pm   |  Permalink   |  Email
Scott Francis' articles in the Eureka Report 
Request for Information 
If you have questions, or would like more information, please go to our Contact page and leave your name and contact information.

Plan Well, Invest Well, Live Well! Financial advice providing a clear direction

A Clear Direction Financial Planning and Portfolio Management ABN 85 147 572 870

Level 19
10 Eagle Street
Brisbane QLD Australia
Ph: (07) 3303 0269

Authorised Representative (398444) and Credit Representative (403292) of FYG Planners Pty Ltd AFSL/ACL 224 543.

ASIC - Financial Advisers Register

All content of this website is copyright © A Clear Direction Financial Planning Pty Ltd, 2017

FYG Planners Pty Ltd & A Clear Direction Financial Planning Privacy Policy