What about the age pension?
Many people think they can rely on the age pension to provide them with an income in retirement.
However, to ensure social security benefits are only paid to those in genuine need, the Government uses strict assets and income tests to determine eligibility.
Furthermore, as we're living longer and having fewer children, there will be proportionately fewer people in paid employment to fund retirees in the future.
The implication is that many people won't be eligible to receive social security benefits in retirement.
Using a sound investment plan, PARTNERS can structure your assets to generate income, whilst maximising your social security entitlements.
Social security eligibility is important, as it can give you access to benefits such as discounted pharmaceuticals and travel, and a variety of other entitlements.
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