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Retirees face financial ruin as coronavirus slashes share dividends

Updated: May 26, 2023

Many retirees who believe they now qualify for a part-pension due to the reduction of their dividends are having trouble dealing with a struggling Centrelink system. Retirees who have lived off a steady stream of share dividends have seen their income plunge as banks cancel payouts, and they face more financial pain in coming months when research shows more companies are likely to slash their distributions because of the coronavirus crisis. Anyone having difficulty claiming the Centrelink entitlements can get in touch with us and we can do their claim for them and take away some of the stress.

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