With Share Markets Falling It Might Soon Be Time For Part Age Pensioners To Ask Centrelink For A Payrise!!

If you or someone you know is in receipt of a Centrelink Part Age Pension that is being determined by the Assets Test, the recent fall in share markets may have seen your investments fall in value.

If this is the case, then promptly advising Centrelink that your investments are now worth less than your last Centrelink assessment might see your Centrelink Age Pension entitlement increase.

Centrelink is very quick to reassess your situation if share markets rise as they know your entitlements will likely reduce. It is, however, unlikely that Centrelink will contact you if share markets fall because they know your entitlements might increase!!

Anyone who is entitled to a higher rate of Centrelink Age Pension because their investments have reduced in value since their last assessment will need to take action to promptly lock in their new entitlements.

What should you do next? It’s really simple: if you believe you or someone you know are entitled to a higher Centrelink Age Pension payment, contact Centrelink without delay!


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Why Haven’t Your Superannuation Costs Reduced By Up To 60% Over The Past 5 Years??

There is no doubt that the cost of investing in superannuation has been steadily falling in recent years but unfortunately in many cases the fee savings are not being passed on to investors. The fee savings are instead being absorbed by the institutions who are closely involved with the investment products they recommend and used to bolster their profits at the expense of investors.

In a perfect world, a fair dinkum financial adviser or financial planner would tap their existing clients on the shoulder and let them know when a more suitable and cheaper investment alternative becomes available. In reality, this rarely happens for a number of reasons but primarily because organisations are addicted to profiting from their investment product and the FOFA Legislation allows the practice to flourish.

At the Financial Advice Shop, we have a very simple and transparent business model that focuses on reducing superannuation and allocated pension costs associated with investments in old, obsolete or conflicted “badged” versions of funds like Asgard and other mainstream funds. We have many examples where we have been able to substantially reduce investor’s Asgard superannuation and allocated pension total investment costs: by up to 60% on occasion.

If you or someone you know are a superannuation or allocated pension investor whose fees are too high, it is time for you to look at some of the newer alternatives and consider more creative ways to invest.

What should you do next? It’s really simple: if you have a reasonable superannuation or allocated pension balance and would like to cost effectively invest with sound financial advice for a more secure financial future, contact us today to see how we can help you understand things more clearly.


#asgard #asgardfees #superannuation #superannuationfees #allocatedpensionfees #FOFA #financialadvicecanberra #financialadvisercanberra #financialplannercanberra #financialadvisorcanberra