Sophie Wilson

From 1 January 2025, Centrelink will introduce a significant change for job seekers and other payment recipients with temporary medical conditions. The updated rules extend medical exemptions for mutual obligation requirements from 13 weeks to a potential 24 months, offering greater flexibility and support to individuals with ongoing health challenges. What Are the New Medical Continue reading

If you’re considering leaving your job and applying for a Centrelink payment in Australia, it’s essential to understand the rules, required documents, and potential waiting periods. While Centrelink provides financial support to job seekers, quitting your job voluntarily can affect your eligibility and when you might start receiving payments. Here’s a detailed guide on what Continue reading

As the new year begins, recipients of Youth Allowance are set to benefit from an increase in their fortnightly payments starting January 1, 2025. These adjustments are designed to help young Australians keep pace with the rising cost of living, providing much-needed relief to students and job seekers alike. Key Changes to Youth Allowance This Continue reading

The Disability Support Pension (DSP) is a crucial financial lifeline for Australians living with permanent disabilities. Designed to help cover everyday living costs, the DSP undergoes regular adjustments to account for inflation and ensure recipients maintain financial stability. Here’s a detailed look at eligibility criteria, updated payment rates, application processes, and key payment dates for Continue reading

Applying for the Age Pension is a critical milestone for many Australians approaching retirement. Knowing the rules about backdating and timing your application can help you avoid missing out on valuable income during the transition. Here’s a comprehensive guide to help you navigate the process and make the most of your entitlements. How Backdating Works: Continue reading

The Commonwealth Seniors Health Card (CSHC) is a valuable resource for seniors seeking reduced health care costs and other financial benefits. To qualify, you must meet the income test, with no assets test required. This guide explains the income thresholds, deeming rules, and how account-based income streams impact your eligibility. Income Limits for the Commonwealth Continue reading

The Pension Bonus Scheme allows eligible Australians to receive a bonus when they eventually claim the Age Pension after postponing their retirement. Claiming your Pension Bonus, however, comes with specific steps and timing requirements. Here’s a comprehensive guide on how to claim your Pension Bonus and avoid missing out on valuable financial support. Step 1: Continue reading

Mobility Allowance provides crucial financial support for individuals who face challenges using public transport due to disability, illness, or injury. Understanding how much you can receive and the criteria for different payment rates will help you make the most of this assistance. How Much Can You Get? Mobility Allowance offers two rates of payment: Your Continue reading

Investment leaders at Australia’s largest pension funds are turning their focus to private markets as a key growth strategy in 2025. With the nation’s A$4.1 trillion ($2.6 trillion) retirement industry expanding rapidly, funds such as Aware Super, Australian Retirement Trust (ART), UniSuper, and Colonial First State are leading the charge to increase allocations in unlisted Continue reading