Strategy Text

Page 14

12. Apply for Austudy We recommend that you apply for Austudy to assist you with your living expenses whilst you complete your studies / apprenticeship. We estimate based on your income and assets you will be eligible to receive a part / full payment of $XXX per fortnight ($XXX p.a.). Benefits: 

You may also be eligible for other government assistance / discounts as a result of being eligible for Austudy. This may include: o Energy supplement o Fare allowance o Pharmaceutical allowance o Rent assistance o Sickness allowance Receiving income payments from the government will ease financial pressure whilst you study / complete your apprenticeship.

Points to Consider:   

Eligibility criteria is income and asset-based and subject to change. You may lose access to Austudy if your income or assets increase or, changes are made to the eligibility criteria. Your application will need to be processed and assessed before payments commence. Should your circumstances change, you will need to notify Centrelink within 14 days.

13. Apply for Carer’s Allowance We recommend that you apply for the Carer’s allowance to assist in meeting carer expenses and/or your living expenses whilst you care for <Care Recipient>. We estimate based on your income and <Care recipient>’s health, you will be eligible for a partial / full payment of $XXX per fortnight ($XXX p.a.). Benefits: 

Receiving the allowance will help to meet some financial costs associated with caring for <Care recipient> and/or meeting some of your own expenses due to your limited capacity to earn income whilst caring for <Care recipient>.

Points to Consider: 

 

Eligibility criteria is based on your income and <Care recipient>’s health and subject to change. You may lose the payment if your income increases, <Care recipient>’s health status changes or changes are made to the eligibility criteria. Your application will need to be processed and assessed before the payment starts. Should your circumstances change, you will need to notify Centrelink within 14 days.

14. Apply for a Carer Payment We recommend that you apply for the Carer’s payment to assist in meeting carer expenses and/or your living expenses whilst you care for <Care recipient>. We estimate based on your income and <Care recipient>’s health status, you will be eligible for a partial / full payment of $XXX per fortnight ($XXX p.a.). Benefits: 

Receiving the payment will help to meet some financial costs associated with caring for <Care recipient> and/or meeting some of your own expenses due to your limited capacity to earn income whilst caring for <Care recipient>.

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Re-contribute to your Superannuation....................................................................................57

2min
page 77

Invest using a Model Portfolio.................................................................................................56

3min
page 76

Establish your Powers of Attorney...........................................................................................27

1hr
pages 38-75

Establish your Will/s................................................................................................................26

2min
page 36

Review your Will/s...................................................................................................................27

3min
page 37

Establish your Estate Plan........................................................................................................25

2min
page 34

Review your Estate Plan..........................................................................................................25

2min
page 35

Use your Home Equity to Invest..............................................................................................24

3min
page 33

Repay your Non-Deductible Debt............................................................................................24

2min
page 32

Commence a Regular Gearing Strategy...................................................................................23

3min
page 31

Increase your Loan Repayments..............................................................................................22

3min
page 30

Establish a Loan Offset account...............................................................................................22

3min
page 28

Increase the Frequency of your Loan Repayments..................................................................22

3min
page 29

Implement a Debt Recycling Strategy......................................................................................21

2min
page 27

Commence an Investment Portfolio with a Margin Lending Facility........................................20

3min
page 25

Consolidate your Debt.............................................................................................................20

3min
page 26

Apply for Rent Assistance........................................................................................................19

3min
page 24

Maintain your Pension Bonus Scheme....................................................................................18

2min
page 23

Apply for Parenting Payment...................................................................................................18

3min
page 22

Apply for Jobseeker Payment..................................................................................................17

3min
page 21

Gift $XXX to increase your Centrelink Entitlements.................................................................17

1min
page 20

Apply for Department of Veterans’ Affairs (DVA) Entitlements...............................................16

1min
page 19

Apply for a Disability Support Pension.....................................................................................15

2min
page 18

Apply for the Commonwealth Seniors Health Care Card (CSHCC)...........................................14

1min
page 17

Apply for a Carer Payment.......................................................................................................13

3min
pages 15-16

Apply for Carer’s Allowance.....................................................................................................13

2min
page 14

Cash flow monitoring...................................................................................................................10

3min
page 8

Consolidate Cash...........................................................................................................................9

2min
page 6

Term Deposit Renewal.................................................................................................................12

3min
page 11

Apply for Austudy....................................................................................................................13

2min
page 13

Apply for a Low-Income Health Care Card (LIHCC)..................................................................12

3min
page 12

Surplus Cashflow.........................................................................................................................11

2min
page 9

Term Deposit...............................................................................................................................11

1min
page 10

Establish a Budget for your Cash Flow.........................................................................................10

1min
page 7
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