Those who have held the Commonwealth Seniors Health Care Card at any time from 12 March to 13 April 2020, will be eligible for the recently announced support payment. Eligible cardholders will receive two stimulus package installments of $750, one from March 31 and the other from July 13.Read More
Not a day goes go by where I am not asked some form of question about how best to structure (hide) money to protect and improve a Centrelink benefit.
Whilst the term “hiding money” brings thoughts of illegal activity to mind, there are legitimate strategies available to you to preserve or enhance your eligibility for a Centrelink benefit.Read More
Many of you will have heard of the term “deeming”. It is a method used by Centrelink to determine your income when assessing your eligibility for a benefit. Rather than have you declare the exact earnings from your shares or bank accounts, Centrelink “deem” these financial assets to earn a set rate of return.Read More
Following on from our article last month outlining the features, benefits and eligibility requirements of the Low Income Health Care Card (LIHCC), in this article we are going to look at a secondary card, the Commonwealth Seniors Health Card. Whilst this card does not provide the same wide ranging benefits as the LIHCC, it has…Read More
As most retirees are aware, Centrelink’s Age Pension provides income support and access to a range of concessions for eligible senior Australians. Unfortunately (or fortunately), you may find yourself deemed too wealthy for an Age Pension entitlement. Many retirees consider this the end of the road in terms of subsidising the costs of retirement, however, self-funded…Read More
From time to time, as a result of changes to your situation, you will be required to update your assets with Centrelink. When these changes occur, Centrelink often requires substantiation of these changes. Should you advise Centrelink of a change to your bank account, Centrelink will require a copy of your bank statement to substantiate…Read More