Client Success #8: Keeping the Age Pension After an Inheritance
Projected uplift at 90: More than $642,000
We met a retired couple who had just received an inheritance of $1.2 million. Their biggest worry was losing the Age Pension they relied on. We took the time to understand what mattered to them, then structured the inheritance so their pension could continue. They kept it, and their projected position at 90 is now substantially stronger.
Client Snapshot
- A retired couple receiving the Age Pension
- Had just received an inheritance of $1.2 million
Their Goals
- Make good use of the inheritance
- Keep the Age Pension, which mattered a great deal to them
The Challenges
- An inheritance of this size can affect Age Pension eligibility
- Their biggest concern was losing the pension altogether
- Without advice, their projected balance at 90 was $222,000
Our Strategy
- Structured the inheritance so their Age Pension could continue
- Set up a regular income through a tax-effective investment structure
- Used super to give one partner a tax-advantaged income stream
- Kept the balance of that super invested
The Outcome
They kept their Age Pension, and their projected balance at 90 is now over $864,000, against $222,000 without advice. Their adult children have since come to us for advice of their own.
- Age Pension kept
- $5,200 a year each
- Projected balance at 90 without advice
- $222,000
- Projected balance at 90 with the strategy
- Over $864,000
- Projected uplift
- More than $642,000
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