You cannot rely on the Australian Age Pension to fund your retirement. It doesn't provide you with enough money for even a modest retirement. In order to retire comfortably in Australia, you will need to supplement your age pension with income from property, shares, or superannuation. However, having too much income and assets can reduce your age pension. So it's imperative that you learn how the Age Pension income and asset tests work and plan your retirement accordingly. 0:00 Can you live off the Australian Age Pension? 2:08 How much is the Age Pension? 3:25 Understanding the Income Test 4:14 Understanding the Deeming Rules 6:33 Understanding the Work Bonus 7:53 Understanding the Asset Test 9:33 The biggest loophole in the Australian Age Pension system 10:52 Strategies to maximize the income from your Age Pension Chinese subtitles are available for this video I am an Executive Level Leader in the Australian Public Service with over 10 years of experience in ta
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)