Just meet with Linda* & John who are off to London , a bus trip around the UK & of course the European river cruise.
They almost have a free trip as one of their pension funds a year ago was 383,814.85 & now it is 384,137.65
However John & Linda* have also withdrawn as a pension 19,561.66 this year as well as a withdrawal of 3,000.
That 22,561.66 from one of their pensions pays for the trip.
How good is that!.
However the bad news is that Mum aged 90 is not so good but it has been agreed by all that the trip happens as then all are happy.
The bad news is that Centrelink on January 1st reduced their pension by ‘half’.
Hence the next step on their return via Singapore is to plan & do the next trip which according to John as we asked will be around the Med. I.e. Italy & Monte Carlo.
Reducing their asset means Centrelink may pay them more.
Of course they can’t keep doing that but it is the rules for today & may change next Tuesday.
We also had George* discuss his own funds today.
George* has completely different circumstances as he has needed his past saved super to keep bread on his table.
So some years ago we unlocked his super as he was then over 55 which he had squirreled away during better times.
His pension pays him the maximum 10% that he is allowed to withdraw.
So his additional lifestyle has also been almost free overtime as it shows
Deposits Withdrawals Growth
$97,663.11 $60,399.27 $43,203.00
Two happy clients today keep us enthused
We believe that we can generate financial certainty for you
& suggest that you completing our 5 minute financial checkup may help you help yourself.
As others do call us on 07 3848 1088 or email us or visit our websites
John McAuliffe
