2020-21 budget provides $250 cash payments for aged, family, disability welfare recipients and self-retirees eligibility

Posted on by
2020 Budget provides $250 cash payments for aged, family and disability welfare recipients Criteria confusion for self-funded retirees – Seniors urged to check their eligibility Cash payments totalling $500 are about to line the pockets of around 5.1 million pensioners and other eligible recipients. Two $250 payments — to be paid in December this year
Read more
Posted in ,
Australians Over 55 lose 260 million from scams in 2019 | 60 Plus Club

Australians Over 55 lose $260 million from scams in 2019

Posted on by
Scams cost Australians $634 million last year Total losses from scams in Australia are doubling year-on-year Australians lost more than half a billion dollars to scammers in 2019, according to the latest figures in the Australian Competition and Consumer Commission’s (ACCC) Targeting Scams report released last week. Total reported losses exceeded $634 million. That’s $141
Read more
Posted in ,
The 3 most common types of investment scams | 60 Plus Club

The 3 most common types of investment scams

Posted on by
The 3 most common types of investment scams Don’t be fooled into thinking you can’t be fooled Australians lost more than half a billion dollars to scammers in 2019, according to the latest figures in the Australian Competition and Consumer Commission’s (ACCC) Targeting Scams report released last week. Total reported losses for 2019 reached $634
Read more
Posted in ,

$750 payments to pensioners due from 31 March 2020 – Coronavirus stimulus

Posted on by
Coronavirus stimulus: $750 payments to pensioners due from 31 March 2020 Aged pensioners will get a one-off $750 payment as part of the Federal Government’s stimulus package announced last week. 6.5 million people are expected to receive the payment, including 2.4 million pensioners. This includes people on the Age Pension, Newstart, the Disability Support Pension,
Read more
Posted in ,

Pensions Loan Scheme for older Australians who are asset-rich but income-poor

Posted on by
Pensions Loan Scheme for older Australians who are asset-rich but income-poor The Pensions Loan Scheme (PLS) is broadly available to retirees of Age Pension age who own Australian property and meet pension eligibility requirements. The PLS is a scheme that lets older Australians get a voluntary non-taxable fortnightly loan from the Australian Government, which can
Read more
Posted in ,

Cuts to deeming rate gives one quarter of Australia’s pensioners an extra $804

Posted on by
Pension bonus: Almost a million pensioners set to receive over $800 extra per year Almost a million Australians will be up to $804 better off after the federal government’s decision to cut deeming rates. Deeming rates are the rate of return that financial investments, owned by pensioners, are ‘assumed’ by the government to earn, and
Read more
Posted in ,

Labor accused of ‘milking’ self-funded retirees with franking credits policy

Posted on by
Labor government ‘milking’ self-funded retirees from proposed franking credits policy Labor’s franking credits policy continues to come under fire as hundreds of thousands of Australians learn more about how the proposed policy will impact their retirement nest egg. Labor government’s policy to abolish franking credit refunds for everyone but age pensioners has been described as
Read more
Posted in ,

Protect yourself against phone scams from fake ‘Telstra technicians’

Posted on by
Protect yourself against the latest phone scam from fake ‘Telstra technicians’ With the world becoming more ‘digitised’, we now find ourselves exposed to sharp increases in online fraud, phone scams and data breach hacks. We’re also seeing more creative techniques attempted by scammers to targeting individuals that are are not tech savvy. Gone are the
Read more
Posted in , ,

Over-65s dodge Downsizing Rules contributions using investment property

Posted on by
Over-65s dodge Downsizing Rules contributions using investment property July 2018 marks the start of the downsizing rules that may help you sidestep the ever-shrinking superannuation contribution caps. But in what will come as a surprise to many, investment property may be eligible for the $300,000 downsizing superannuation contribution under certain circumstances. But beware: if you
Read more
Posted in ,
Photo credit: Depositphotos.com

Investment, dating, crypto scams rip off millions

Posted on by
Investment, dating, crypto scams rip off millions Australians continue to lose money to dodgy schemes. Men are more likely to fall for investment scams while women are more likely to fall for dating scams. That’s according to the latest Targeting scams report from the Australian Competition and Consumer Commission (ACCC). The report found internet and
Read more
Posted in ,