Centrelink Q&A: bereavement, gifting, super recontribution, carer payment + more (ep440)

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 James and Vince Scully's new book, 12 Months to Retire Right: https://link.amazon/B07u9ZQgE Justin Bott returns to the show for another Centrelink Q&A, and as a Community Information Officer at Services Australia, he's the perfect person to answer your burning questions. In this episode, Glen and Justin touch on: 00:00 - introduction 03:00 - 12 Months to Retire Right is on sale and available for pre-order! 04:36 - bereavement payments - what happens to your pension when a partner dies 14:57 - self-funded retirees - are there any other cards or benefits you can access? 20:22 - what is the Financial Information Service and who can access it 26:33 - can I do a super recontribution strategy before claiming the age pension 31:49 - pension & aged care fees 34:45 - carer payment vs carer allowance vs age pension 44:31 - pension residency rules 52:30 - what is considered gifting? 1:01:10 - reverse mortgage vs home reversion scheme and the trap to be aware of Watch: Age Pension increase + other changes you need to know with Justin Bott from Services Australia -    • Age Pension increase + other changes you n...   #RetireRight #Centrelink #AgePension #RetirementPlanning #BereavementPayment #ServicesAustralia #SuperannuationAustralia #AustralianRetirement #ReverseMortgage #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