Overview

This session is designed to equip financial planners with the knowledge and skills to effectively integrate Centrelink and social security benefits into comprehensive financial plans for their clients. Participants will gain a detailed understanding of Centrelink benefits, eligibility criteria, income and asset testing, and the implications of financial changes. The session also covers strategies to optimize client entitlements, manage overpayments, and navigate the appeals process, ensuring compliance and maximizing client outcomes.

Key topic covered include:

·       Overview of Centrelink benefits and their role in financial planning.

·       Eligibility criteria, including age, residency, income, and asset thresholds.

·       Income and asset testing processes for benefits such as the Age Pension and Family Tax Benefit.

·       Strategies for integrating social security into broader financial plans, including retirement and estate planning.

·       Managing financial changes, overpayments, and compliance with gifting rules.

·       Navigating applications and appeals for benefits like the Disability Support Pension and Job Seeker Payment.

·       Regional and remote assistance programs and tools for assessing eligibility.

·       Staying updated on policy changes to provide accurate and compliant advice