225 when a spouse passes away in retirement

Retire Right

When a partner passes away, it can feel overwhelming to handle their affairs during such a difficult and emotional time. Financial advisers Martin & Anthony from Financial Edge Group unpack where to start with the key lifestyle and financial practicalities that need addressing as well as some considerations around super, tax and the age pension. They touch on:

👉🏼 which tasks to tackle first and which can be navigated over time

👉 relevant parties to notify

👉🏼 some of the costs you may need to pay for

👉🏽 implications to superannuation

👉🏾 implications to receiving the age pension

👉🏿 tax

👉🏻 reassessing your living situation & cashflow

👉 updating or planning your own will & estate

If you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-help

🏡 Join the retire right facebook group: https://www.facebook.com/groups/retireright

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Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.

Martin McGrath & Financial Edge Group are authorised representatives of Synchron Advice AFSL 243313.

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