With no super, Peter wants to "lend" his children $400,000 and have them repay it slowly as an "unofficial income" in order to claim the age pension.
pension
112 results tagged pension:
The concept of retirement income is not new - it's an idea that has stood the test of time. Even retired soldiers in Ancient Rome received pensions.
"If there is a market crash I am concerned I may not have the years left to recoup my losses," Jan tells Paul Clitheroe.
UniSuper has been named Money's Best Pension Fund as part of the Best of the Best awards.
With the age pension their only income, how should Phil and his wife invest a $440,000 inheritance? And will they need to lodge tax returns?
June owns her home and receives a full pension - what is the best reverse mortgage that won't see her slugged with huge fees?
Tania's husband is on a disability pension, and she receives a pension for caring for him. Will a $95,000 inheritance affect their pensions?
The most ethical Easter eggs on the market, why you might retire sooner than you think, and the age pension just went up.
Australia's tax system favours seniors so in addition to the tax-free benefits of super, there are a number of other tax incentives available which can make it easier to get by.
Pensioner Dana is raising her grandson, and has been banking child support payments into his account. Should she move it to a high-interest account?
