April 2, 2013 by stirling

People often think they don’t need a financial planner because they don’t have a lot of money and their assets are not complicated.  Financial planning covers so many areas.  One thing we can help our clients with is, Centrelink planning.

Helping people with Centrelink benefits is not something that is top of mind for most people when considering the use of a Financial Planner.

We recently had the opportunity to assist one of our client couples gain additional Centrelink benefits of $10,000 for the next 12 months.  Our planning also meant they were not forced to withdraw around $11,000 from their superannuation savings so they will be $21,000 better off over 12 months.  As you can imagine they are very happy with the assistance we have provided to get this result. These clients have worked very hard and have a belief that after paying taxes for many years they are now entitled to get something back from the government now they are retired.

To gain these benefits we are assisting our client with a redistribution of their existing assets within the framework of the Centrelink rules to ensure they are entitled to their maximum allowable benefits under the Assets test.

If you are about to retire and are worried the amount you have managed to save may have a negative impact on your Centrelink entitlements we are the people you need to talk to.  Even if you are already retired and have a younger spouse who is under the age of 65 it may not be too late to improve your financial position too.

Please call the Stirling team on 1300 133 316 to make an appointment with one of our retirement specialists to see what we can do for you.