Pension2021-09-09T06:40:17+10:00

How We Can Help

We all want to be young for as long as possible and enjoying the best life has to offer. However, inevitably, we all get older, and as we enter different phases of our life, our needs and level of care change.

Managing your pension can be stressful and emotional, as we want to make good decisions for ourselves and those we care for.  Ensuring your pension account is right for you is a great step forward to removing the stress from retirement.

The Moreton Group specialise in pension advice and look forward to helping you determine if your pension account is still suited to your needs.

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Pension

Pension FAQs

How much pension will I get when I retire?2021-07-21T12:51:10+10:00

The amount of age pension you receive does depend on a few factors, such as your financial situation and whether or not you’re part of a couple.

Centrelink uses income and asset tests to work out how much age pension you’re entitled to.

The rates for a full age pension for Australian residents for the period 20 March 2021 to 19 September 2021 are:

  • Single: $952.70 per fortnight.
  • Couple (Each): $718.10 per fortnight.
  • Couple (Combined): $1,436.20 per fortnight.
  • Couples Separated Due To Illness: Each receives the Single rate, which combined is $1,905.40 per fortnight.

From 20 March 2021, the maximum full age pension increases $8.40 per fortnight for a single person and $6.30 per person per fortnight for a couple.

If you’d like to calculate how much super and pension you’ll have when you retire, check out Money Smart’s Superannuation & Pension Age Calculator.

Can I change my pension account?2021-07-21T12:50:04+10:00

Your current situation may have changed, or you require a review of your pension account and whether it is still suitable for your needs. The best step is to talk with one of our financial advisers about what you are trying to achieve.

If you opted for ongoing support from The Moreton Group, we review your account every year to ensure your pension account is the best fit for you.

Contact us today to plan a financially secure future

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