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‘‘ To re­ceive a part pen­sion, your as­sess­able as­sets as a home­owner cou­ple would need to be less than $1,024,500 and your as­sess­able in­come would need to be less than $66,092 per an­num.

‘‘ The test re­sult­ing in the lower en­ti­tle­ment will ap­ply,’’ he says.

Pen­sion­ers also may be el­i­gi­ble for the Work Bonus, which re­duces the in­di­vid­ual’s Cen­tre­link as­sess­able em­ploy­ment in­come by $250 each fort­night.

Prisk says the key is iden­ti­fy­ing the op­ti­mal strat­egy de­pend­ing on an in­di­vid­ual’s cir­cum­stances.

‘‘ It comes down to un­der­stand­ing the broad per­sonal fi­nance picture and how your in­creased in­come lev­els in re­tire­ment may af­fect your over­all wealth po­si­tion,’’ Prisk says.

‘‘ Your fi­nan­cial ad­viser is ide­ally placed to dis­cuss the best strat­egy in light of this.’’

Si­grid Pick­erd, 61, works part time at The Fin­ish­ing Touch, a com­pany that un­packs and puts things away when peo­ple move.

Like many ma­ture-age, part-time work­ers, the job al­lows her an ex­tra in­come as well as the time for travel and re­cre­ation.

‘‘ Work­ing part time en­ables me to earn money to pay for the lit­tle lux­u­ries I en­joy but it also means that I can fit in all of the other ac­tiv­i­ties I like to do, such as hol­i­days, ex­er­cis­ing, go­ing danc­ing and to the theatre,’’ she says.

‘‘ I have older fam­ily mem­bers so I need to be able to look af­ter them around my work. I can sched­ule in jobs around tak­ing them to ap­point­ments and I can also spend time with my chil­dren and their fam­i­lies.’’

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