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Australian pension


johnmcc6

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On 12/9/2018 at 8:29 PM, Lacessit said:

I save my pension because I don't need it until the end of the financial year, when I transfer a lump sum. I don't know what relevance having your pension paid by the RBA has to the discussion. I know what I get and don't get too.

Perhaps the difference is I go back to Australia every six months for medical checks, whereas you state you are living permanently in Thailand.

Yes correct again it pays to go home every 6 mths to keep everything active as if you were still living in Australia I do same every 6 mths mainly for medical & prescriptions ect, it’s a good time to do every 6 mths as your then only temporarily out of country.

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5 hours ago, LosLobo said:

Money in the bank is a financial asset and will be deemed as income.

 

The threshold for the full pension under the income test for a single non-homeowner is still $161k not $470k.

Sorry not true.

5 hours ago, LosLobo said:

Money in the bank is a financial asset and will be deemed as income.

 

The threshold for the full pension under the income test for a single non-homeowner is still $161k not $470k.

So what your saying in essence is that if I have $470,000 in the bank or less and am married to a Thai who has Australian Citizenship and has been in the country for 10 years, I will get the full pension, but halved because she is 21 years my junior and can find a job to support me, regardless if we returned to live in Thailand ?  


You will only get half the married rate about $700 p/f  sorry but your wife will get nothing until she is about 70y/o.  Because you are not single you cannot get the single rate of pension. (AAP) I hate to be the bearer of bad news.  It's tough giving advice about Aus pensions. If you tell them the truth they often hate your guts.  I'm not being flippant but you would be better off getting divorced and officially separated when living in Thailand.  As an single AAP pensioner, you would get $858.00 per fortnight after 6 weeks absent from Aus. and be able to keep any dividends from your assets of approx $470.000.  If living in Aus your wife may be able to get some unemployment benefits but remember if she gets a good job her income could reduce your AAP payments some or a lot or you could get none (please don't throw old boots at me) yes it's shocking.  

 

 

Full pension

From 1 July 2018, pensions reduce when your assets are more than the amounts below.

If you're Homeowner Non-homeowner

Single

$258,500

$465,500

A couple, combined

$387,500

$594,500

A couple, separated due to illness, combined

$387,500

$594,500

A couple, 1 partner eligible, combined

$387,500

$594,500

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5 hours ago, LosLobo said:

Money in the bank is a financial asset and will be deemed as income.

 

The threshold for the full pension under the income test for a single non-homeowner is still $161k not $470k.

I kind of remember this when I sold mums place when she went into a nursing home, sounds about right.

 

Someone mentioned deeming, I did do the research but couldn't believe what I was reading so I just dropped it.

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11 minutes ago, 4MyEgo said:

I kind of remember this when I sold mums place when she went into a nursing home, sounds about right.

 

Someone mentioned deeming, I did do the research but couldn't believe what I was reading so I just dropped it.

Just read the last post about assets for AAP recipients and just stop the BS

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On 12/9/2018 at 10:50 PM, Lacessit said:

Disagree. Every time I land in Australia, my electricity, water and phone concessions are restored. I don't lose them again until six weeks have elapsed after I leave Australia. I don't have to re-apply for them.

I was informed by Centrelink prior to departure in December 2018, that the supplements cease after 6 weeks, and restored automatically upon return, as the Immigration and Centrelink info are now linked very well.

 

I have never applied for them, they were just automatic in my case

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On 12/9/2018 at 12:56 PM, 4MyEgo said:

Yes, she will be assessed as being able to work, especially if she is younger than you, suffice to say they will cut your pension downwards. 

If your career is your girlfriend then in the eyes of Centrelink she is your partner,so therefore even now your not entitled to single pension,you are a couple so same as being married,good luck

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2 minutes ago, Hoppyone said:

If your career is your girlfriend then in the eyes of Centrelink she is your partner,so therefore even now your not entitled to single pension,you are a couple so same as being married,good luck

The carer, may be entitled to a carers payment if you qualify under the rules for a payment.

Perhaps attempt to speak with a Centrelink community engagement officer for some information

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5 minutes ago, David Walden said:

Just read the last post about assets for AAP recipients and just stop the BS

David while I appreciate your input, can you refrain from becoming facetious, we all put our views forward for one and another to mull over, i.e. no need to accuse me of BS.

 

If you have over an amount of x $ in the bank Centrelink start reducing your pension, $161,000 sounds about right as the other poster mentioned. I will look into this, the $470,000 assets I also have to look into, because I know if one owns a property to the value of x they are ok.

 

Keep it simple, stupid 🙂

 

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  5 hours ago, LosLobo said:

Money in the bank is a financial asset and will be deemed as income.

 

The threshold for the full pension under the income test for a single non-homeowner is still $161k not $470k...just cut the Crapp.

 

from 1st July 2018, pensions reduce when your assets are more than the amounts below.

If you're Homeowner Non-homeowner

Single

$258,500

$465,500

A couple, combined

$387,500

$594,500

A couple, separated due to illness, combined

$387,500

$594,500

A couple, 1 partner eligible, combined

$387,500

$594,500

Edited 5 minutes ago by David Walden
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23 minutes ago, 4MyEgo said:

I kind of remember this when I sold mums place when she went into a nursing home, sounds about right.

 

Someone mentioned deeming, I did do the research but couldn't believe what I was reading so I just dropped it.

I just grabbed the following links randomly from Google.

They will help you understand deeming and the income/asset tests.

https://www.noelwhittaker.com.au/resources/calculators/deeming-calculator/

https://www.noelwhittaker.com.au/resources/calculators/age-pension-calculator/

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20 hours ago, Lacessit said:

Right in some aspects, wrong in others. I've moved on. That doesn't stop me from being pissed off at the useless drones that call themselves public servants in Australia. I don't include the ones at the coal face such as the police, paramedics and health professionals who do a thankless job with the ferals.

Negative gearing is a sacrifice? BS. It's a tax rort which benefits the top 5% of the Australian population.

Why do you think many Federal Liberal MP's own multiple properties?

I have a Thai GF, and we are happy together. I would like to marry her. However, sacrificing $200 a fortnight for a meaningless piece of paper offends my sense of logic.

IF Centrelink find you are living ina domestic relationship, you have to PROVE you are not a couple in the "defacto" relationship, deemed the same as a married relationship irrespective of gender of the domestic partner

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On 12/9/2018 at 9:25 PM, Pete1980 said:

So the OP I assume by his asking if his fake wife can be a “dependent” so he/they can bludge more money from the Aussie taxpayer? 

 

And Lacessit is calling centrelink skinflints for saving that same taxpayer for not paying his rent in tropical Thailand despite receiving enough handouts from the taxpayer to live off?

 

Welfare should be restricted to those in need, like the disabled.

 

The more you give them, the more they want. Abhorrent. Shameless.

 

Does anyone know, if I take a bargirl back to Australia with her kids, can I get the dole, can she get the dole and will the government pay for her kids, and of course get free education and medical??

 

The UK seems to be Handout Central. Then Norway.

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12 minutes ago, 4MyEgo said:

David while I appreciate your input, can you refrain from becoming facetious, we all put our views forward for one and another to mull over, i.e. no need to accuse me of BS.

 

If you have over an amount of x $ in the bank Centrelink start reducing your pension, $161,000 sounds about right as the other poster mentioned. I will look into this, the $470,000 assets I also have to look into, because I know if one owns a property to the value of x they are ok.

 

Keep it simple, stupid 🙂

 

  If you allow rubbish to be posted on this site I will tell you....if you like you can suspend me now for the 7th time if you like for me telling the truth about AAP matters...The asset level threshold is presently $465,500 as shown on the Centrelink web site.  It is clear your moderators who know nothing about the Australian Aged Pension (AAP)...if you want to know something ask me...I will not now be making any further contributions on this site on this subject.
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