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Banking on the Age Pension

The ranks of Australians receiving the Age Pension are increasing. It’s important to understand who is eligible and its role in retirement planning. Just days before the 2023 Federal Budget was handed down on 9 May, the Australian Bureau of Statistics released a new report including data on the number of Australians receiving the Age...
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Making downsizer contributions into super

If you’re over 55 and looking to boost your retirement savings, you may be eligible to make a super contribution of up to $300,000 from the sale proceeds of your primary residence. On 1 January 2023, the age when eligible Australians qualify to make downsizer contributions was reduced from 60 to 55. For those who...
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What is the retirement age in Australia?

When will you be ready to retire?  There are two important ages you need to consider when thinking about retirement – the preservation age when you are eligible to start drawing on your super and the Age Pension age when you are eligible to receive the Age Pension.  Age Pension age This is the age...
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