New Flexibility for Legacy Pensions Doesn’t Mean Everyone Should Make Changes

by Solomon Forman | Jul 24, 2026 | Age Pension Assist

Legacy Pension Advice is more important than ever following the introduction of the five-year legacy pension amnesty. While the new rules provide eligible retirees with greater flexibility, deciding whether to commute a legacy pension requires careful consideration of...

Thinking About Commuting Your Legacy Pension? Don’t Forget the Tax Consequences

by Solomon Forman | Jul 24, 2026 | Age Pension Assist

Legacy Pension Tax Planning is an essential step before commuting a legacy pension. While the five-year amnesty provides greater flexibility, every option can produce different tax, superannuation and estate planning outcomes. Understanding these consequences before...

Could Converting Your Legacy Pension Affect Your Age Pension?

by Solomon Forman | Jul 24, 2026 | Age Pension Assist

One of the biggest considerations when commuting a legacy pension is how it may affect your Centrelink Age Pension. Many legacy pensions currently receive concessional treatment under the social security assets test. If the pension is commuted during the amnesty...

Legacy Pension Changes: Can You Now Access Your Funds?

by Solomon Forman | Jul 24, 2026 | Age Pension Assist

If you have a legacy pension, recent changes to the rules may provide opportunities that simply weren’t available before. From 7 December 2024, eligible members with certain legacy income streams, including complying Term Allocated Pensions (TAPs), can fully...

Receiving a Termination Payment? Here’s Why Planning Matters

by Solomon Forman | Jul 24, 2026 | Age Pension Assist

Employment termination planning is an important step before retiring, accepting a redundancy package or changing jobs. Planning ahead helps you understand how your final employment payments may affect your Centrelink entitlements, tax position and cash flow, allowing...

Too Much Cash Could Delay Your Centrelink Payments

by Solomon Forman | Jul 24, 2026 | Age Pension Assist

Many people are surprised to learn that simply having cash available can affect when Centrelink benefits begin. What Is the Liquid Assets Waiting Period? The Liquid Assets Waiting Period (LAWP) applies when your available liquid assets exceed certain thresholds. The...