The Australian Government provides an Age Pension as a safety net for eligible citizens who cannot fully fund their own retirement through retirement savings. Managed by and paid for via Services Australia, or Centrelink as its more commonly known, there is strict eligibility criteria, which includes residency period, age qualification and an assessment of income and assets. Due to this criteria, not every Australian will be eligible for an Age Pension.
Rejigged assets test has caused retirement income system to deteriorate: index.
Should Deirdre put her earnings into super or shares or both?
Aussies are working more years before retirement. Here's why.
What would encourage older Australians to work longer?
Calls for a national strategy at all levels of government.
Australia should follow Danish approach to pensions to achieve fairer outcomes.
Superannuation funds will be forced to offer lifetime income streams to members.