How Centrelink assesses assets for Age Pension - this is a topic of our today's discussion.
As I keep on receiving this question all the time, I thought today we will go over different asset types and explain what assets are subject to deeming by Centrelink for the purpose of assessment of your Age Pension eligibility and how Centrelink deals with assets that are not deemed.
It is crucial for you to understand the different treatments and assessments by Centrelink, so you can prepare yourself in the best possible way with the most appropriate assets.
Based on many questions that I receive, I see that this is a major issue for many, which assets are subject to deeming and which are not? And if some assets are not deemed, how are they assessed? Family home - your principal residence, Cash in bank, shares, superannuation, income streams - account-based pension, defined benefit pension, holiday homes, investment property, overseas pension, annuities
Video Mentioned Today:
1. Is my home always exempt for Age Pension • Is my home always exem...
2. Age Pension Deeming Rates - UNFAIR RULES • Age Pension Deeming Ra...
3. Annuities and your Retirement
• Annuities and your Ret...
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