Centrelink Asset Test Trap - Costs Couples Their Entire Pension After One Spouse Dies

Описание: There’s a terrifying number in the Centrelink age pension assets test. I’ve seen many Australian widows and widowers destroyed by it. It’s a number few Aussie couples know about. A lack of knowledge has cost thousands of grieving widows, their entire pension. The number I’m talking about isn't a secret. Infact, it's published on the Services Australia website.

You see, couples are assessed against one threshold while they are alive, and the surviving spouse is assessed against a VERY different threshold the minute their loved one dies. The gap between those two numbers is where the catch is. For some couples, the loss in pension is tiny. For others, it’s their WHOLE pension. Gone. In a single fortnight.

Chapters
0:00 Intro
0:35 Threshold when husband is alive
0:58 Jane the widow who didn't know
5:39 Important Numbers
10:32 Why a will won't help
11:00 Three things to do BEFORE spouse dies
12:03 Testamentary Trust
14:15 Three things to do, if you receive the age pension
16:25 Book free appointment with Financial Information Service

Production Disclosure: Each video on this channel takes a lot of time to research, write and finish with care. Yes, I use AI tools to help but every message, script, and idea is crafted with intention and love, so you can understand retirement and feel prepared for this crucial stage in your life. Thanks for your support.💙

Legal Disclaimer: I am not a financial planner, a solicitor, or a regulated adviser. This video is general information based on my experience inside the system. For your specific situation, please speak with a solicitor in your state and, where relevant, the Public Trustee or a registered financial planner. The rules in your state may differ in important ways from the figures and processes described in this video.

Support Available:
• Services Australia Financial Information Service: 132 300
• Services Australia Older Australians line: 132 300
• Services Australia Bereavement Information line: 132 300
• Public Trustee (your state) — wills and testamentary trust drafting
• Moneysmart (ASIC's free financial guidance): moneysmart.gov.au
• Law Society of your state — find an elder law solicitor

Avoid the Centerlink Pension Trap by understanding the Age Pension Assets Test. Protect your retirement income from unexpected cuts.


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