Social Security assistance is provided by various Australian Government Departments including Centrelink and the Department of Veteran Affairs. At IFP, we understand that Centrelink plays an important role for individuals and families when it comes to planning.
Payments such as the Age Pension and Disability Support Pension provide long-term financial support whilst Newstart Allowance and Sickness Allowance provide assistance for a shorter period of time. Other payments such as Family Tax Benefit, Parts A & B assist with the cost of raising children.
As well as the payment of benefits you may be entitled to access certain fringe benefits. For example, if you are of Age Pension age and/or are receiving the Age Pension you may be entitled to concession cards such as Pensioner Concession Card, Commonwealth Seniors Health Card or the State Seniors Card which offer concessions, benefits and discounts. The Department of Veteran’s Affairs also provides similar benefits.
Our Centrelink advisory services provide you with strategies and advice to ensure you: