Account-Based Pensions: How Retirement Income Streams Work
When you stop working, the way your super works changes. Instead of building your balance, the focus moves to turning your savings into a steady, reliable income that can last through retirement. For many Australians, the main way to do this is an account-based pension. Understanding how one works can help you get more from […]
The Age Pension Assets Test Explained: What Counts and What Doesn’t
For many people approaching retirement, one of the biggest questions is: “how much can I have in assets before it affects my Age Pension?” The answer lies in the assets test – one of two means tests Centrelink uses to work out your Age Pension entitlement (the other being the income test). Understanding how the […]
Centrelink Age Pension Update: March 2026 Changes and Why Keeping Your Details Updated Matters
The March 2026 indexation of the Age Pension has brought some welcome increases for retirees, but it also highlights an important point — ensuring your Centrelink details are accurate and up to date is critical to receiving the correct entitlement. At MLS Financial, we regularly see clients either underpaid or at risk of overpayment simply […]
What to Expect from a Financial Planner When Applying for the Age Pension.
Applying for the Age Pension Applying for the Age Pension can be an overwhelming process — one filled with paperwork, eligibility tests, and confusing Centrelink language. But you don’t have to navigate it alone. At MLS Financial in Penrith, we regularly support clients in Penrith and Western Sydney through the Age Pension application process, ensuring […]
What Is a Self-Funded Retirement — And How Do You Plan for It?
Estimated reading time: 4 minutes More Australians Are Planning to Self-Fund Their Retirement in Penrith For many Australians, the traditional retirement model involved relying heavily on the Age Pension. But as superannuation balances grow and financial awareness increases, more people are choosing — or needing — to self-fund their retirement in Penrith. So, what exactly […]
Sources of Retirement Income
A guide to retirement planning and how your superannuation is used to fund your lifestyle
Applying for the Age Pension
Do you need help applying for the Age Pension or maximising your Age Pension?