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Federal Budget

Rate cut “good news” says Joe

Yesterday’s Reserve Bank cut to the official cash rate, making it an all time low of two per cent, was described by Joe Hockey as “good news”.

News

Coalition pushes pension review

In a response to negative publicity surrounding proposed changes to pensions, the Federal Government has offered to set up an independent review of pension rates.

Income and asset tests

Compensation payments on a pension

Often paid as a result of difficult circumstances, compensation payments can seem like a godsend, but, as Deborah has realised, there can be penalties.

News

The Coalition breaks key promises

Several key Coalition promises were broken in Tuesday’s budget.

When is a post office not a PO?

When is a post office not a post office?

The age of unlimited entitlement

In a speech delivered from London last night and subsequent TV interview, shadow treasurer Joe Hockey condemned the systems of unlimited entitlement in Western democracies and looked to our Asian neighbours as a more prudent way of handing out social welfare.

Centrelink – Services Australia

Hank Jongen - the human face of Centrelink

Hank Jongen is the human face of Centrelink, a government agency on behalf of the Department of Human services, responsible for $100 billion in funds, 40,000 staff and 99% of the Australian population at some stage or another. But what is Hank really like? And what does he think of Centrelink’s service?

Centrelink – Services Australia

Hank Jongen - the human face of Centrelink

Hank Jongen is the human face of Centrelink, a government agency on behalf of the Department of Human services, responsible for $100 billion in funds, 40,000 staff and 99% of the Australian population at some stage or another. But what is Hank really like? And what does he think of Centrelink’s service?

Will you get a pension?

Claiming a UK pension

If you have paid National Insurance contributions in the UK then you may be entitled to a UK state pension. How do you make the claim from Australia?

Centrelink – Services Australia

Assets and Centrelink

Recently I was speaking to Centrelink (telephone discussion) to update some personal details. I was advised that the value of contents is added to any investments, e.g. bank account interest, to work out if there has been an income from these “investments”. Could you please advise if this is correct as I have always understood that Contents was a depreciating asset & fail to see how to reconcile this with bank interest.

Age Pension

Complying income streams

YOURLifeChoices subscriber, Tom, would like to know which income streams are classed as exempt assets?

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household capital