Home ownership is a key Centrelink consideration in determining a person’s capacity for self-support in retirement.
Anyone who started a ‘retirement phase’ pension before July 2017 has a personal transfer balance cap that could only be increased in July 2021 by the amount of their unused cap.
Bank accounts are paying less than 1 per cent interest a year while good super funds have averaged at least 8 per cent a year over the past 10 years.
- by John Collett
- by Noel Whittaker
- by Nicole Pedersen-McKinnon