Retirement Planning for Couples: How Superannuation and Centrelink Work Together

Retirement planning can become more complex when one partner has retired while the other is still working. So how should couples structure their superannuation, investments and finances to make the most of their retirement?

In this episode, financial advisers Rob Goudie and Ash Rowan explore a retirement planning case study involving a couple approaching Age Pension age. They discuss how superannuation ownership, accumulation and pension accounts, and Centrelink assessment rules can influence retirement outcomes.

From understanding the Age Pension income and assets tests to exploring the role of a younger spouse's superannuation, this discussion looks at some of the financial strategies that may help couples make more informed decisions as they approach retirement.

*In this episode, we cover:*
📌 How the Centrelink Age Pension income and assets tests work.
📌 What happens when one partner is retired and the other is still working.
📌 How the Work Bonus can affect Age Pension assessments.
📌 The role of superannuation accumulation and pension accounts in retirement planning.
📌 How structuring assets between spouses may affect Centrelink entitlements.
📌 Superannuation recontribution strategies and their potential estate planning benefits.
📌 Binding death benefit nominations, beneficiaries and potential tax implications.

Whether you're approaching retirement, already receiving the Age Pension, or working in financial advise, this discussion offers insight into the considerations that can shape retirement planning for Australian couples.

⚠️ General Information Disclaimer: This video is intended for general information and educational purposes only. The discussion reflects the opinions and professional perspectives of the advisers and does not constitute personal financial advice or a recommendation to implement any particular strategy. Individual circumstances differ, and superannuation, taxation and Centrelink rules may change. Consider seeking advice from a suitably qualified financial adviser before making financial decisions.

💬 Have a topic you'd like Rob and team to discuss? Leave your questions and suggestions in the comments below.

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Advice Disclaimer || Any advice given by the presenter/s has been prepared without considering your individual objectives, financial situation or needs. So, before you act on the advice you should think about whether the advice suits your objectives, financial situation or needs. If the advice relates to acquiring a financial product you should obtain a copy of the Product Disclosure Statement for that product and consider it before making a decision. This presentation has been prepared by Consortium Private Wealth Pty Ltd (ABN 74 616 250 965) (AFSL 495401). If you require advice which takes into account your objectives, financial situation and needs you should speak to a financial adviser.

Robert Goudie (ASIC Reg 235974), Ashley Rowan (ASIC Reg 433899), Rachael Todman (ASIC Reg 1270413) & Amy Lehmann (ASIC Reg 1292710) are Authorised Representatives of Consortium Private Wealth Pty Ltd ABN 74 616 250 965 AFS Licence 495401.