Posts in Pension

Business Support Fund

Victorian Business Support Fund

September 15th, 2020 Posted by B&W Additions News, Individuals, Jobkeeper Payment, News, Pension, Retirees, Superannuation No Comment yet

Over the weekend the Victorian Government release details of another round of the Business Support Fund to assist ease the financial burden being felt by many businesses in Victoria that are being adversely impacted by the ongoing lock downs[…]

Extension of the JobKeeper Scheme

Extension of the JobKeeper Scheme

July 22nd, 2020 Posted by B&W Additions News, Individuals, Jobkeeper Payment, News, Pension, Retirees, Superannuation No Comment yet

The Government announced on 21 July 2020 that they will be extending the JobKeeper scheme for another six months. Payments dates for the JobKeeper scheme when originally announced were to 27th September 2020.  Due to the continued deterioration of the economy and the community spread of COVID-19 the scheme will now run until 28 March 2021[…]

Things to know about the Jobkeeper Scheme

Things to know about the JobKeeper Scheme

April 27th, 2020 Posted by B&W Additions News, Individuals, Jobkeeper Payment, News, Pension, Retirees, Superannuation No Comment yet

The ATO is now accepting applications from employers to participate in the scheme.  It feels like everyday we are getting more guidance on how the scheme will operate and new rules on eligibility of employers[…]

early release of superannuation

Early Release of Superannuation on Compassionate Grounds – How to Apply

April 20th, 2020 Posted by B&W Additions News, Individuals, News, Pension, Retirees, Superannuation, Superannuation Update No Comment yet

One aspect of the Australian Government’s stimulus package was allowing individuals adversely affected by the economic effects of the Corona Virus to access up to $10,000 of their superannuation monies in both the 2020 financial year and the 2021 financial year[…]

Victorian Business Support Fund

Victorian Business Support Fund

April 8th, 2020 Posted by Asset test, B&W Additions News, Businesses, Employees, Employers, Individuals, Jobkeeper Payment, News, Pension, Retirees, Superannuation, Superannuation Update No Comment yet

In addition to the Federal Government response to the Coronavirus, the Victorian State Government has established a $1.7 billion Economic Survival Package: The Victorian Business Support Fund[…]

Stimulus package retirees

Stimulus Package and impact for Retirees

April 6th, 2020 Posted by Asset test, B&W Additions News, Businesses, Employees, Employers, Individuals, Jobkeeper Payment, News, Pension, Retirees, Superannuation, Superannuation Update No Comment yet

With the release of the Government’s Stimulus Package Retirees may need to review their situation. Have you been wondering what support you will receive or can possibly access as a result of all the changes related to COVID19 as well as the resulting share market declines[…]

Federal Budget Pensioners and Self Funded Retirees

2018/19 FEDERAL BUDGET – PENSIONERS AND SELF FUNDED RETIREES

May 9th, 2018 Posted by Federal Budget, News, Pension, Superannuation, Superannuation Update, Taxation Measures No Comment yet

The Government announced measures in the Federal Budget that are aimed at assisting age pension recipients to increase their fortnightly income without affecting their pensions and to encourage retirees to consider the use of lifetime retirement income products.[…]

ARE YOU IMPACTED?

November 9th, 2016 Posted by Asset test, B&W Additions News, Centrelink, Financial Planning, News, Pension, Superannuation, Tax Planning, Taxation Measures No Comment yet

Centrelink Pension Asset Test changes from 1 January 2017

Essentially the Assets test “taper-rate” will increase from $1.50 per $1,000 to $3 per $1,000 of excess assets over the initial threshold. This means the reduction in the maximum Age Pension due to excess assets will increase. While the initial thresholds are increasing, the increased taper-rate will lower the cut-off levels for the Age Pension. So, while some pensioners may gain an increase in payments many others (as much as 91,300) may find that the no longer receive any Age Pension because of the changes. […]