Receiving and qualifying for social security and Centrelink benefit entitlements can be a complex matter. That’s why we at Milestone Wealth Pvt Ltd have specialists who can provide expert advice and assistance when dealing in these matters.

Some payments, such as the Job Seeker Payment provide assistance for shorter periods of time. Payments such as the age pension and disability support pension give long-term financial support. Other payments such as Family Tax Benefit, Parts A & B assist with the cost of raising children.

Each benefit or payment that Centrelink provides has its own set of conditions. For example, the payment of Age Pension depends on a client’s age, how long they have lived in Australia and the level of income and assets they have.

As mentioned, payment amounts are subject to certain criteria such as the assets and income test. If a client’s assets or income extend outside the threshold rates then they will not be entitled to the relevant Centrelink benefits.

If you are looking to retire or need advice with your social security options:

• Centrelink payments & eligibility
• Department of Veterans Affairs payments
• Assets test
• Income test and deeming
• Treatment of income streams
• Concession cards
• Work bonus/pension bonus scheme

Milestone Wealth, Sydney can advise you and your loved ones with the financial options that may be available.