Timothy Sumer

Assets test is one of the requirements for Age Pension. This video explains what assets test is, how it works, and asset types with examples. Also, find out if your home is an asset, and how your super impacts the assets test. 🦋 UPDATE!! Numbers in the video are from June 2019. For the updated numbers please follow the link below to the article on our website. 🦋 ASSETS TEST ARTICLE ▪️ 🦋 RECOMMENDED VIDEOS FOR YOU ▪️ Age pension Australia - The easy guide ▪️ Retirement costs of living in Australia ▪️ 5 Biggest retirement mistakes! 🦋 USEFUL LINKS MENTIONED IN THE VIDEO ▪️ Government ▪️ Age Pension age ▪️ Granny flat rules: ▪️ Financial Investment ▪️ Excluded assets ▪️ Social security guide 🦋 CONNECT WITH US ▪️ YouTube ▪️ We...

What assets are included in Age Pension Assets Test. Understanding how the Assets Test work and what assets are included, how to maximise the Age Pension benefit can be a difference between a comfortable retirement with good level of income OR struggling financially. In this video I will explain all little details about Assets Test and why it is so important if you want to improve you Age Pension payments. I will go over all types of assets that are included in Assets Test and answer questions that I often get about treatment of different assets. I will cover the following: 00:36 Assets Test problem 01:48 Basics of Assets Test 02:57 Origin of Assets Test problem 05:38 Current Assets Test limits 06:48 What assets are included in Assets Test? 06:54 Personal Effects 07:41 Financial Assets 07:44 Superannuation 08:31 Income Streams 08:53 Annuities 09:31 Other assets 10:15 Real Estate 12:53 Retirement Village 13:21 Gifting 13:54 Assets You Control 14:54 Business Assets Feel free...

How to legally HIDE YOUR ASSETS from Centrelink Age Pension if based on assessment, you know, that you just simply have too much money. So here you are, getting ready for the exciting day, when you can finally say, “I can retire now and where is my Age Pension?”, and then to your horror, you find out you have too much savings. My very first recommendation is: organise your money before your first visit to the Centrelink office or completing your application online. Prepare your assets in advance, so you know your entitlement before Centrelink even comes back to you with the reply. It is so much easier to deal with Centrelink when you know the application is final and you do not have to go through changes, updates, fixing mistakes, reshuffling of money etc. So what can you do if you’ve calculated that you do have too much savings, but your goal is to get at least part Age Pension, if for no other reason, but at least to have access to the Health Care Card with all its benefi...