Age Pension impact due to spouse passing away
The death of a spouse will, for many clients, be a significantly emotional event. The appropriate focus at such a time will be dealing with the consequences of this loss. There are, however, a number of financial considerations that will require appropriate prioritisation.
The downloadable article by Andrew Lowe, Challenger’s Head of Technical Services, focuses on additional advice considerations for Age Pension recipients, following the death of a spouse. Note that different rules may apply where only one member of a couple is, or was, eligible for the Age Pension, or where either is eligible for a benefit other than the Age Pension.