Are you 67+ and missing out on the Age Pension because of your assets? You might be eligible for more than you think.
At MB+M, our OzPlan Financial Services team can help you explore strategies to restructure your finances, potentially making you eligible for the pension and other benefits.
How does Centrelink assess you for the Age Pension?
Centrelink applies two tests, income and assets. If your combined income and assets exceed certain limits, you may not qualify. But that’s not the end of the story.
What are my options if I am above the limits?
Our team has strategies that may be able to help you re-structure your assets, allowing you to be eligible for the pension.
What about Concession Cards?
If you qualify for the Age Pension, you automatically receive a Pensioner Concession Card from Services Australia. This card provides a range of benefits, including cheaper medicines, bulk-billed doctor visits, and discounts on utilities and transport in Victoria. Even if you don’t qualify for the pension, you might still be eligible for other cards like the Commonwealth Seniors Health Card or Victorian Seniors Card.
Take control of your financial future with expert advice and peace of mind.
Visit MB+M at 120 Nixon Street, call 5821 9177 or email: mbmozplan@mbmgroup.com.au
This column contains general advice only and does not take into account the needs, objectives and situation of any individual. You should consult with a licensed financial advisor and consider obtaining personal financial advice prior to making any decisions about your assets.
