The five-step plan to maximising your pension
Many Australians are not receiving their full age pension entitlement due to a lack of awareness and understanding of the application process. A five-step plan has been outlined to help individuals maximize their pension benefits. Key steps include applying early, understanding means testing, and knowing the rules for couples.
- ▪Many Australians miss out on their full age pension entitlement due to intimidation or lack of awareness.
- ▪Applying for the age pension can be done up to 13 weeks before turning 67, which helps reduce delays.
- ▪The Federal Government has raised the thresholds for means and asset testing, potentially increasing eligibility for more Australians.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.