Age Pension increase + other changes you need to know with Justin Bott from Services Australia

Retire Right is brought to you by Tallowwood Wealth Advice. Specialist retirement financial advisers. You can book a complimentary appointment wherever you are in Australia by visiting https://www.tallowwoodwealth.com.au/ Buy Glen and Vince Scully's new book, 12 Months to Retire Right: https://link.amazon/B07u9ZQgE Justin Bott from Services Australia joins Glen James to unpack the changes that took effect on 20 September and what it means for your pension. They touch on: 00:00 - introduction & pre-order our book on sale, 12 Months to Retire Right! 03:22 - the new increased age pension rates 08:00 - living and travelling overseas & the pension 13:24 - the new income and assets limits 16:37 - key dates to review your pension eligibility if you don't currently qualify 22:36 - new Commonwealth Seniors Health Card income limits 30:34 - the new deeming rates and what deeming is 36:51 - investment properties & the pension 46:00 - the updated value of shares Learn more at https://www.servicesaustralia.gov.au #RetireRight #AgePension #Centrelink #RetirementPlanning #DeeemingRates #PensionRates #ServicesAustralia #AustralianRetirement #CommonwealthSeniorsHealthCard #RetirementIncome If you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-help Sign up to the Retire Right newsletter here: https://email.retireright.com.au/ 🏡 Join the Retire Right Facebook group:   / retireright   Glen James has a financial interest in Tallowwood Wealth Advice. This content is for education and entertainment purposes only and is intended for Australian residents. It is not a substitute for professional financial, tax or legal advice. Any advice provided is general financial advice only, which does not take into account your objectives, financial situation or needs.You should consider whether the advice is appropriate for your circumstances before acting on it. If you choose to buy a financial product, read the relevant product disclosure statement (PDS) and target market determination (TMD), and seek personal advice from a licensed adviser. We may discuss products, services or listener questions within our content for illustration and entertainment purposes. It is impossible to provide personal advice in this format, as we don’t know your individual financial situation. We may also change the names of questioners for privacy. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies. Guest opinions are theirs and their respective licence holders. SYMO Interactive Pty Ltd and Glen James are authorised representatives of MoneySherpa Pty Ltd, which holds Australian Financial Services Licence 451289. Please read our Financial Services Guide at moneypodcast.com.au. #personalfinance #money #investing #property #retire