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The way segregation of wealth is marching to 1% and lower by the in craze of extreme capitalism, if we want to keep effective safety net for 99% in good faith, we must do it. Look at the plight of most Australians, they can’t buy property (residential home) and they can’t rent from their pay checks from employment. What Australia should do is prohibit corporate ownership of real estate (acquire corporate real estate) and restrict ownership of real estate to 1 property per family or trust. Otherwise most Australians will live in trailer park or in tents on crown land.

There is another strategy that might be of interest to some. The Granny-flatting provision in the Centrelink legislation. My daughter lives with me so I can give her my house (it will only exceed the $ limit slightly so will not affect the gifting rules), then as non-home owner I can increase my asset limit. This also removes the asset from a potential contesting of my will in future.

Yes please, thank you very much Katherine ❤

I found your channel very informative. Can you do a video on how gifting may affect age pension? And is there a video on what assets are counted under asset test? Thank you in advance.

YES

This country is done and dusted its finished ,you work all your life and at the end the get robbed by the cowboys the politicians they are the biggest crooks.

Love your style. Love the fact you dont waste my time and just get to the point. Excellent video.❤

It’s not good to cheat, pay your taxes and live happier.

I'll have to dig the ground in my backyards

I think Australia is a low income & lazy person friendly country. I work very hard, pay a lot of tax , save a lot of money, never claim any benefit from centrlink, no kids. Just to find out all the hard work I've done causing me untitled to age pension. What the fuck! This is unfair , I should have stay at home and enjoy jobseeker payment now and then like other people do. This is so wrong.

Shortly say you must get rid of your money to get pention. So stupied!.

We live in a country worse then comunism. EVeryone worked his blood for his country. It doesn't matter how rich one is one should be entitled to pension. In fact more money one made for this country more pention money one should receive.

Hi Katherine is my offset account balance considered as deeming asset. I have mortgage on my loan. thank you

The Australian dollar is going to loose significant ground against the US dollar and inflation will continue to destroy wealth for savers and fixed income households. America first means exactly that.

They pretend the give some money but they truly trying all the tricks to get it back if people working all their lives and they make it to 67 they should be getting the pension and no more questions,

Hello l have been trying to contact you but not getting response. Something is happening could you please contact me please or send me how to contact you

Today l was told l am being charged $120.00 for reinvesting 80,000.00 in terms deposit. This is happening with colonial. Can l get some advice please what to do. This was part of my superannuation

Why would you want to make it public, the moment they made aware of loopholes, they'll close it.Thats their job to stop giving money if that don't have too O M G!!!

OMG the endless cash economy! Is it a sport or just accepted fraud?

What about any impacts on Tax or Capital gains of the property or when you die and leave it in your will? Including IF the separate building granny flat becomes a commercial arrangement, say for a number of years AFTER the exempt occupant has died? This video seemed to leave those aspects out or did I miss them?

They complicate it so you give up and not apply or miss out on your entitlements

Ads on a channel that is just self promoting? Seriously

I’m curious. How does being paid into crypto effect pension. Thanks clear & concise information. I’m glad I found you at my age of 60

My mum gets a full pension and has savings. She would like to gift those savings to her kids, can she gift without that affecting her income seeing as she gets a full pension anyway with or without those savings? I dont see why gifting should be a potential penalty if it doesn't result in getting more from the Government.

Thanks for your reply

How much money we could have in super before going to age pension. Can we put the super into bank in fixed deposit and empty super and go for age pension. If we have super and after me it will go to my husband and after him can the super balance be transferred to the child. As I am planning to retire soon .

The tin box under the bed is getting more and more attractive!

Great video at a time I really need this information. I have all of my super transferred into an ABP however i am about to receive an inheritance. Im considering placing this into an Annuity. Is this possible to have both?

It’s all penny pinching,just hide your money in a bed mattress.

Great video Katherine. It may be good to put out a video explaining how to use credit cards to get the best out of them and avoid the penalties. I avoid them altogether as I do not understand how best to maximise the benefits. I have a horrible feeling I would become the "slave" to the system.

I'M ALWAYS VERY HONEST TO CENTRELINK😊

why would you scabs who have money to hide even want a pension? This is the pits in ugly money makers.

Have forwarded this to the tax office

Will money received from my super pension account considered as income in income test. And is the capital within the super pension account considered as asset in asset test.

Not a qualified chartered accountant, just a financial advisor.

Gives the shit presented here, no wonder there are culture wars.

Good morning, Katherine I have enjoyed your presentations but I have to say that the dual presentation from my point of view is not that easy to listen to. stick to presenting on your own....

This is an awesome video and it was great to see Shaun again, he did very well in this one. For me, I'm aiming for 800K in Ann and 600K in ABP. I love the security of owning my home and this allows me to invest. The same will apply for retirement. So for me, you both win. 155 liked

Try dealing with Centrelink debt collection team!

Superannuation was designed to be spent by the person who earned it over their life, seems like the allocated pension is the way to do that.

Is having my son, his partner and their son boarding in my home considered a gift?

Thank you so much for your great effort, Katherine !!

If you ever voted for the Liberal party, now you know why the pension is means tested, as it should be. Hard to believe how greedy you all are. And how little you learned on your life journey. These aren't recent changes.

In the same way as there is no such thing as legally avoiding tax, there is no way to legally hide money from Centrelink. Click bait is old school - instead, use more appropriate terminology.

You read my mind! I'm nearing retirement and am trying to figure out the best mix. Maybe there is a scenario calculator out there that also can also help with age pension eligibility? Thank you for the informative videos.

Hello Katherine, My wife is 59 and is working and I'm 67 and receiving part pension, depending on her salary. Some of the money in our bank account I would like to put into shares but wonder who's name the share account should be in. Both or just mine ? Do you have a video that involves that subject matter? Or a tip on which way to go or any pitfalls. Thanks in advance. Regards Mark PS appreciate your clear and uncomplicated way of explaining these retirement issues.

If you have to much savings buy a new BMW X5 X6 and as for I would sooner piss IT Up against the Wall rather than gifting to the relatives

Perhaps an each way bet, or as the Taco ad say's "Hey, why not both?

Thank you Katherine, you are so good to listen to and very helpful to us older financial dumbos ha ha !