From smsmagazine.com.au: Financial advisers should remind clients with account-based pensions to report any decrease in their pension balances to Centrelink, as this could increase their age pension entitlements.

Recent market volatility, influenced by U.S. tariffs, has led to marked declines in pension values, which may allow retirees to qualify for larger pension amounts.

SMSF members can also report these reductions, as many may be eligible for the age pension despite common misconceptions.