Financial Stability

At what age can you get the Pension in Australia ?

Currently the Age Pension age is 66.5, however this will gradually increase to 67.

It is based on your date of birth.

If you were born between:

1 January 1954 to 30 June 1955 66 years
1 July 1955 to 31 December 1956 66 years and 6 months
On or after 1 January 1957 67 years

To be eligible to receive the Age Pension you must also meet the income and assets tests.

Consider an initial general appointment with Financial Stability, who will explain the various requirements, and establish if you are eligible.
Contact us on 03 9383 1112 for an appointment. (Zoom appointments also available).

Do I have to sell my house?

Moving into residential care is stressful enough, without thinking you are forced to sell your former home. Some people may find it hard to part with their home or may not be ready to sell. But do you have to sell? Or is that just a misunderstood myth?

It is true that you may be faced with paying hundreds of thousands of dollars for a room. But you could “rent” instead of “buy”. So, what are your choices? And how do they work?

We have helped clients with navigating the maze and can help you too. Call us on 03 9383 1112 to access advice today. Click here to read our article Moving into care – https://www.financialstability.com.au/moving-into-care-do-i-have-to-sell-my-home/

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