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43 minutes ago, David Walden said:

I believe you are your own worst enemy?

I am honest, sleep very well at night. Better than having to worry about paying back 10,000's of dollars and the fact I can take my wife home to Australia at any time is priceless.  

Edited by totally thaied up

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10 hours ago, David Walden said:

 

 

You are a sensitive one aren't you. 

 

Come on, come on back, we need your input on the affairs of Centrelink, just don't take it too heart 😞

 

Not all information is correct, and this forum allows us to dissect information posted by TVF members, but anyone with half a brain knows not to take it as "fact" so to speak, one has to make their own enquiries through Goggle, Centrelink, Legislation etc etc until they find what they are looking for in writing, some TVF even post links which one can take as "fact"

 

See you here on this post real soon now 🙂

 

 

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7 hours ago, totally thaied up said:

I am honest, sleep very well at night. Better than having to worry about paying back 10,000's of dollars and the fact I can take my wife home to Australia at any time is priceless.  

I am honest also it is just that I have had the opportunity to peruse the Centrelink web site extensively as do all the contributors to this discussion.  I appear to have a better understanding of Centrelink requirements than most of the posters on this site.  Many of them are painting themselves into a corner.

   My actions actually saves Centrelink money.  By living "separated under the one roof" means that Centrelink does not have to pay me "Rent Assistance of about $135 p/f.  If you are separated and cannot live in the house you jointly own with your estranged "still wife" and need to live elsewhere then Centrelink is required to pay you this rent assistance.  I also live much of my time in Thailand so they save $58P/F by not paying most of the pension supplements.  Thankfully for my age, I am in quite good health.  I walk 6km each day and have done so almost every day for the for the last 43 years and 3 or 4 times a week I do a 30 min workout with 2 x  2kg weights.  Being resident in Thailand on longish holidays instead of parting long term does give me access to the almost free medical services when back in Aus (I do usually see my doctor) and taking steps to maintain my health I make use of the Aus Govt free medical services with just a few exceptions.  I really do not want to make my estranged wife sell the house and buy a real crappy one with her half of the money.  Anyway it's a good place to keep my campervan and the $10,000 of modest quality tool I have acquired from Bunnings just up the road over the last 25 years.

   So Mr Goody too-shoes, I really don't think you know the difference between that brown stuff and clay?   That's putting it nicely.  I sleep very well at night, your comments are just water off a duck's back.  I simply make use of the benefits that are available to all who want to take the time to study the current Centrelink rules.

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On 1/27/2019 at 9:41 AM, Will27 said:

About as conflicting as this:

 

on 1/22/2019/at 5:544PM, David Waldren said: 

I will not now be making any further contributions on this site on this subject.

And this

on 1/22/2019 at 6:32PM, David Waldren said:

My very very last post...

 

 

Hows the weather out where you are.  Is that a Centrelink entitlements matter?  Hello, hello.  I'm not the least bit upset by the monotonous regularity of the same questions with the answers not believed and asked all over again at least 500 times.  I do enjoy assisting people where I can...This reply is not a Centrelink entitlement matter...it's a personal one about the weather?   Whether she will or whether she won't.  That is the question?

Edited by David Walden

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5 hours ago, David Walden said:

So Mr Goody too-shoes, I really don't think you know the difference between that brown stuff and clay?   That's putting it nicely.  I sleep very well at night, your comments are just water off a duck's back.  I simply make use of the benefits that are available to all who want to take the time to study the current Centrelink rules.

I have no need to get into with you. I can tell what you are made from (as you so kindly mentioned it first but I did not bring it up) but others here kindly know so I do not have to point it out. I touched a raw patch and a lot of you guys know this. LosLobo knows what he is talking about and the only people I take notice from is my Accountant and Centrelink. The rest is just dribble that gets sported here. 

 

8 hours ago, 4MyEgo said:

Come on, come on back, we need your input on the affairs of Centrelink, just don't take it too heart

He can't help himself. 

 

8 hours ago, 4MyEgo said:

Not all information is correct, and this forum allows us to dissect information posted by TVF members, but anyone with half a brain knows not to take it as "fact" so to speak, one has to make their own enquiries through Goggle, Centrelink, Legislation etc etc until they find what they are looking for in writing, some TVF even post links which one can take as "fact"

You are better off talking to your Accountant. My parents run a massive Trust and over the years, they have always told me to get proper advice when planning any major play that will affect your life. The internet can only take you so far - Trust Lawyers or a top accountant will give you the rest, that's if you got the money. Sure, it may not be cheap but in the end, you will save money been given the right advice that is legal and will stand good stead into your retirement. Bluntly, Internet gossip is not good enough when you are looking at your own future. It can point you in a certain direction, but that is really about it. 

Edited by totally thaied up
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3 minutes ago, totally thaied up said:

He can't help himself. 

Lol

 

3 minutes ago, totally thaied up said:

You are better off talking to your Accountant. My parents run a massive Trust and over the years, they have always told me to get proper advice when planning any major play that will affect your life. The internet can only take you so far - Trust Lawyers or a top accountant will give you the rest, that's if you got the money. Sure, it may not be cheap but in the end, you will save money been given the right advice that is legal and will stand good stead into your retirement. Bluntly, Internet gossip is not good enough when you are looking at your own future. It can point you in a certain direction, but that is really about it. 

Amen to that, forums are the starting point for me, then I research, then confirm with my accountant of 30 plus years, if he can't answer my question, then I will sort it one way or another from the horse's mouth so to speak, in this instance Centrelink.

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1 hour ago, 4MyEgo said:

Lol

 

Amen to that, forums are the starting point for me, then I research, then confirm with my accountant of 30 plus years, if he can't answer my question, then I will sort it one way or another from the horse's mouth so to speak, in this instance Centrelink.

The only thing I have given advice for is issues which have applied personally with me.  The name of the site is "Australian Pension" it is implied from the comments made here are to do with the Australian Aged Pension (AAP) that is for people who are receiving the AAP or hoping to.  Deeming exist with many aspects of Centrelink payment for under and over retirement age.  If above retirement age and you have no assets but a job like I did 10 years over a 14 year period driving a school bus then the "work bonus" comes into play where you have near $500 p/f threshold before losing any of your pension.  You can earn near $500 p/f after that deeming comes into play (none of you know that).  The threshold all changes if you are married, and the deeming issues change.  If married then the SAPTO that is the tax offset benefit become very handsome benefits,  you can use your wife's unused tax threshold so your combined tax threshold will peter out at about $56,000 before as a couple you start paying tax etc.  If your affairs are simple as most AAP recipients are about 95% and as a single person and don't own a house you live in forget about the deeming issues.  Centrelink will simply accept your assets as stated.  If below the $456.500 as stated then the deeming will be irrelevant.  You will receive the full pension.  All income for Centrelink purposes is gross income that is including tax.  One of the problems of giving advise about the AAP is that often people ask for advice and if you don't give them the answer they want to hear they abuse you.  They think that might change things.  Yes, well pigs might fly also.

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2 hours ago, David Walden said:

The only thing I have given advice for is issues which have applied personally with me. 

 

Deeming exist with many aspects of Centrelink payment for under and over retirement age...…...

I am confused!

 

How can you advise on deeming when your own superannuation (pension phase) was implemented before 1 Jan 2015.

 

Only pension schemes implemented after 1 Jan 2015 were subject to deeming, yours having been grandfathered.

 

Clearly deeming is something which you have never had any experience with!

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Emphasis being on the word “CLEARLY” in the last paragraph of previous post.

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2 hours ago, David Walden said:

Deeming exist with many aspects of Centrelink payment for under and over retirement age.

Please explain to me how deeming exists for the under retirement age non pensioners!

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2 hours ago, David Walden said:

You can earn near $500 p/f after that deeming comes into play (none of you know that).

The statement "none of you know that" is correct because the work bonus is actually $250 p/f. 🙂

 

 

 

Edited by LosLobo

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1 hour ago, LosLobo said:

The statement "none of you know that" is correct because the work bonus is actually $250 p/f. 🙂

 

 

 

There is the income threshold and then on top of that is the "work bonus" presently those 2 payments for a single person add up to about $460. (yes if you say a work bonus is $250 OK)

 

1 hour ago, LosLobo said:

Please explain to me how deeming exists for the under retirement age non pensioners!

  After 01/07/2019 the threshold plus the work bonus will allow you to earn about $500 per fortnight before you lose any AAP.  But you have to have a job.

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1 hour ago, LosLobo said:

Please explain to me how deeming exists for the under retirement age non pensioners!

Don't know I only writing about the AAP available to some single people with assets less than $770,000 or a full AAP if your assets are less than $465,000 and you don't own a house.

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12 hours ago, LosLobo said:

I am confused!

 

How can you advise on deeming when your own superannuation (pension phase) was implemented before 1 Jan 2015.

 

Only pension schemes implemented after 1 Jan 2015 were subject to deeming, yours having been grandfathered.

 

Clearly deeming is something which you have never had any experience with!

Any deeming issues you mention has nothing whatsoever to do with the "Stealth tax" on super applied after 01/01/2015.  The grandfathering you mention in your comments is for the people who had their retirement fund in super in place before 01/01/2015, that fund is grandfathered and no "(stealth) tax on the profits before distribution occurs, provided that fund is not altered it is tax-free.  Not so for Superfund accounts after that date, they are subject to the new tax on profits paid by the super funds before dividends are distributed.  I was involved as I changed my super from my previous bus employers fund to a different bank-managed fund be just before the cutoff date.  Having given up driving the school bus I realised my old boss (nice bloke) was getting 1.25% of my fund as a commission and the fund was taking 1.25% of the total of my fund to manage it =2.5% of the total. He was doing this with 50 other employees as well, yes 2.5% % commission of the capital, not the dividend and all quite legal for him.  My new bank super fund still only charges me 0.5% to manage the fund.  If I had made the change after 01/01/2015 my super would have been subject to this new tax arrangement, it would have been treated as a new account.  It was the same for about a million other fund owners who wanted to make changes to their investments before 01/01/2015 to retain the grandfathering effect.  As a result, the system got clogged up with un-processed applicant's changes and new accounts.  The ATO agreed to allow the grandfathering for changes as long as the application was submitted before the cut off date 01/01/2015 because the super funds were getting clogged up with paperwork.  By making these changes from 2.5% commission for the old fund to 0.5% commission for my new fund saved me about $3,000 a year. So after 4 years that is near $12,000.  Some commissions paid by super funds were higher and some commissions have been kept secret from the clients (lots I expect) as is about to be revealed in the about to be released Royal Commission Into the Banking and Finance Industry in Australia.

Edited by David Walden

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15 hours ago, David Walden said:

One of the problems of giving advise about the AAP is that often people ask for advice and if you don't give them the answer they want to hear they abuse you.  They think that might change things.  Yes, well pigs might fly also.

I can understand why people might abuse you, though I would never condone it.

 

You often give inaccurate, misleading and confusing advice that has nothing to do with the subject in question.

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