Age Pension Traps Explained: What Happens When One Partner Passes Away | Centrelink & Aged Care Risk

What really happens to your Age Pension, Centrelink benefits, and aged care fees when one partner passes away?

Rob Goudie and Ash Rowan explore a real-life case study revealing one of Australia’s most overlooked retirement planning traps, the financial shock many widows and widowers face.

They discuss how Age Pension and Centrelink rules change when moving from a couple to a single, why pensions are often reduced or lost, and how estate planning and smart asset structuring can help protect the surviving partner.

⚠️ Many Australians assume expenses are halved after losing a partner, but they usually aren’t. Combined with Centrelink rules, this can cause serious financial stress if not planned for early.

👉 If you or your parents are approaching retirement, this episode could help protect tens of thousands of dollars in retirement benefits.

Robert Goudie, CFP, (ASIC Reg 235974) and Ashley Rowan, FChFP GradDipFP, (ASIC Reg 433899), are authorised representatives of Consortium Private Wealth Pty Ltd | ABN 74 616 250 965 AFS Licence 495401