Annual checks could pay off for DIY retirees

At least three times a year – and in certain circumstances more often – do-it-yourself superannuation fund retirees who are either eligible for the government age pension or close to it, should check they are getting the benefits to which they are entitled or ensure they are on top of any changes that could upset their budgeting.

For many in the DIY super community, this test shouldn't require too much effort. It only needs a quick look to determine whether your total assets, including your super, are greater than the upper Centrelink assets test limit.

Financial planner Nerida Cole of DIY super specialist Dixon Advisory says many people who are self-funded don't look forward to the prospect of getting Centrelink support, because it will mean their assets have run down to a point where they have to rely on government benefits.

Read the full article: Annual checks could pay off for DIY retirees.

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Nerida Cole

Managing Director, Head of Advice

Nerida is a highly respected expert on superannuation, including self managed super funds (SMSF), retirement planning and wealth-building strategies. Through her role she works closely with Executive Chairman Daryl Dixon, Director of Quality Management Stephen Bone and the Compliance team to keep the firm’s financial strategies at the forefront of the latest legislative requirements.

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