[hackney]

Originally Posted by GO FURTHER

I agree with this.
A financial advisor told me... Whatever you do (if you are smart), is to arrange your financial affairs well before you retire, so that you at least qualify for a "part pension".

That qualifies you for the Health card and along with its associated benefits can be worth $6,000 a year alone.

Regarding the government pension...

People say, it's not much to live on, but they forget that the pension is guaranteed and indexed for life.

On the other hand, your nest egg, investments, super or shares are not.

For a couple (living together), and who live for another 30 years in retirement, at today's current rate, you would receive at least $1,207,128 from the government over that time (on the base pension).

That's more than a lot of people have (excluding the family home), in retirement savings who are self-funded.

I took my full PSS pension, it also had a lump some attached which I took.The PSS is indexed twice a year.Government pension went slightly down though.Doing very nicely thank you!