Retirement income

Learn how to better fund your retirement

New South Wales members of National Seniors can ramp up their financial knowledge at two seminars in Sydney on Monday, 30 October, and one in Albury on 8 November.

National Seniors Financial Information Desk senior officer Basil La Brooy will be presenting information aimed at helping people understand their own situation and resources.

Topics include opportunities for those who will be fully self-funded in retirement, Government Income Support (GIS) and equity release products.

A Q&A session will follow the presentations.

Learn how to better fund your retirement

New South Wales members of National Seniors can ramp up their financial knowledge at two seminars in Sydney on Monday, 30 October, and one in Albury on 8 November.

National Seniors Financial Information Desk senior officer Basil La Brooy will be presenting information aimed at helping people understand their own situation and resources.

Topics include opportunities for those who will be fully self-funded in retirement, Government Income Support (GIS) and equity release products.

A Q&A session will follow the presentations.

A retirement age no longer exists

A retirement age does not exist. It is whenever you like and, most importantly, when you can afford it.

Putting yourself in a position to afford it can be difficult. The options are many, complex, and confusing. Age pensions should not be seen an income stream, and are subject to governmental changes and means tests. Plus, every investment and strategy comes with a risk.

“Potential retirees need to be armed with as much information as possible about how to fund their financial needs,” explains Basil La Brooy from the National Seniors Australia Financial Information Desk.

Seniors more savvy about retirement income

A report by National Seniors Australia and Challenger.

The National Seniors Australia (National Seniors) study reported here was an online survey designed to collect information as part of the 2017 National Seniors Social Survey (NSSS)
(Wave 6).

It asked participants about their experiences, intentions and attitudes across a range of areas including health and social wellbeing, finance, work, and retirement.

Melbourne seminars help to boost financial know-how

Victorian members of National Seniors can boost their financial knowledge at seminars in Melbourne on Monday, 9 October.

National Seniors Financial Information Desk senior officer Basil La Brooy will be presenting information aimed at helping people understand their own situation and resources.

Topics include opportunities for those who will be fully self-funded in retirement, Government Income Support (GIS) and equity release products.

Pension payments to rise from 20 September

About 4.7 million Australians will receive an increase to their welfare payments from 20 September as part of the government’s six monthly indexation of pensions and allowances.

Minister for Social Services Christian Porter said pension payments, including the Age Pension and Disability Support Pension, would rise by $6.10 a fortnight to $894.40 for singles and $4.60 a fortnight to $674.20 for each member of a couple.

Seminars step up seniors' financial literacy

National Seniors is helping older people boost their financial literacy with two seminars later this month in Tasmania, where nearly one in five people are aged 65 and over.

National Seniors Financial Information Desk senior officer Basil La Brooy said 2016 census figures showed 19.4 per cent of the Tasmanian population was aged 65 and over, up from 16.3 per cent in 2011.

$100,000 pension windfall for former UK resident

A former UK resident, now retired in Australia, has been awarded a lump sum of $100,000 and a pension of $750 a month from Britain’s Department of Work and State Pensions.

Jim Tilley, from British Pensions in Australia (BPiA), said the woman had discovered she was entitled to the UK pension she should have requested 27 years ago.

“Recently she has received a considerable back payment of more than $100,000 from the UK,” Mr Tilley said.

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