How Your Superannuation Affects the Age Pension
2.1 هزار بار بازدید -
2 ماه پیش
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In this video, I share
In this video, I share crucial insights on how your superannuation impacts your entitlement for the Age Pension in Australia.
Understanding this interaction is a key component of effective retirement planning. We will explore how both the Assets Test and Income Test assess your superannuation and influence your Age Pension eligibility and payments.
Key Points Covered:
🔷 Overview of Age Pension Eligibility: Learn about the qualifying age and how the Government Age Pension works alongside your superannuation.
🔷 Account Based Pension Benefits: Discover why many Australians convert their super into an Account Based Pension and the tax advantages it offers.
🔷 Superannuation's Impact on Age Pension: Understand how superannuation is assessed under the Assets Test and Income Test, including the deeming rules and thresholds.
🔷 Detailed Breakdown of Tests:
🔷 Income Test: Explanation of deeming rates and how your income is calculated for pension eligibility.
🔷 Assets Test: Overview of asset thresholds for full and partial pension eligibility.
🔷 Personal Exertion Income: How additional income from work affects your pension.
By the end of this video, you'll have a clearer understanding of how to optimise your superannuation and Age Pension benefits for a comfortable and secure retirement.
Don't forget to like, subscribe, and hit the notification bell for more retirement planning tips!
#Retirement #AustralianRetirement #RetirementPlanning #RetireInAustralia #Superannuation #Super #AustralianExpats #AussieExpats
About Jarrad Brown:
Jarrad Brown is an Australian-trained and experienced Fee-Based Financial Planner with the Australian Expatriate Group of Global Financial Consultants Pte Ltd providing specialist financial advice and portfolio management services to Australian expatriates in Singapore. Subscribe to this YouTube channel for his latest tips and updates for Australian expats when it comes to making informed financial choices for their time abroad. Jarrad Brown is an Authorised Representative of Global Financial Consultants Pte Ltd – No: 200305462G | MAS License No: FA100035-3
☞ Book a complimentary meeting or get in touch with Jarrad Brown:
https://linktr.ee/jarradbrown
You may also be interested to check out the following:
Why is Singapore an Ideal Location for Australian Expats - Why is Singapore an Ideal Location fo...
Don't Retire BROKE - How to Calculate Your Magic Number and Enjoy Your Golden Years - Don't Retire BROKE - How to Calculate...
10 Things I Wish I'd Known Before Moving to Singapore - 10 Things I Wish I'd Known Before Mov...
General Information Only: The information on this site is of a general nature only. It does not take into account your individual financial situation, objectives or needs. You should consider your own financial position and requirements before making a decision.
*Please note that Jarrad Brown is not a tax agent or accountant and none of the content outlined here should be taken as personal advice. You should consult your tax agent and financial adviser to review your current personal finances and financial goals to consider whether this strategy is appropriate for you.
Understanding this interaction is a key component of effective retirement planning. We will explore how both the Assets Test and Income Test assess your superannuation and influence your Age Pension eligibility and payments.
Key Points Covered:
🔷 Overview of Age Pension Eligibility: Learn about the qualifying age and how the Government Age Pension works alongside your superannuation.
🔷 Account Based Pension Benefits: Discover why many Australians convert their super into an Account Based Pension and the tax advantages it offers.
🔷 Superannuation's Impact on Age Pension: Understand how superannuation is assessed under the Assets Test and Income Test, including the deeming rules and thresholds.
🔷 Detailed Breakdown of Tests:
🔷 Income Test: Explanation of deeming rates and how your income is calculated for pension eligibility.
🔷 Assets Test: Overview of asset thresholds for full and partial pension eligibility.
🔷 Personal Exertion Income: How additional income from work affects your pension.
By the end of this video, you'll have a clearer understanding of how to optimise your superannuation and Age Pension benefits for a comfortable and secure retirement.
Don't forget to like, subscribe, and hit the notification bell for more retirement planning tips!
#Retirement #AustralianRetirement #RetirementPlanning #RetireInAustralia #Superannuation #Super #AustralianExpats #AussieExpats
About Jarrad Brown:
Jarrad Brown is an Australian-trained and experienced Fee-Based Financial Planner with the Australian Expatriate Group of Global Financial Consultants Pte Ltd providing specialist financial advice and portfolio management services to Australian expatriates in Singapore. Subscribe to this YouTube channel for his latest tips and updates for Australian expats when it comes to making informed financial choices for their time abroad. Jarrad Brown is an Authorised Representative of Global Financial Consultants Pte Ltd – No: 200305462G | MAS License No: FA100035-3
☞ Book a complimentary meeting or get in touch with Jarrad Brown:
https://linktr.ee/jarradbrown
You may also be interested to check out the following:
Why is Singapore an Ideal Location for Australian Expats - Why is Singapore an Ideal Location fo...
Don't Retire BROKE - How to Calculate Your Magic Number and Enjoy Your Golden Years - Don't Retire BROKE - How to Calculate...
10 Things I Wish I'd Known Before Moving to Singapore - 10 Things I Wish I'd Known Before Mov...
General Information Only: The information on this site is of a general nature only. It does not take into account your individual financial situation, objectives or needs. You should consider your own financial position and requirements before making a decision.
*Please note that Jarrad Brown is not a tax agent or accountant and none of the content outlined here should be taken as personal advice. You should consult your tax agent and financial adviser to review your current personal finances and financial goals to consider whether this strategy is appropriate for you.
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