Are you receiving any Age Pension payments? If not, why not?
@angeladearden2689Ай бұрын
@@AboutRetirementTV we are not at retirement age yet. Hubby 64 me nearly 62. Volunteer for centerlink. Just asking as a friend said non home owner and I didn't think it was correct. Thanks.
@ravipeter-andrew16033 ай бұрын
Thank you Katherine.
@Robyn19fnq3 ай бұрын
Thank you again Katherine for keeping us informed. My pension has been reduced from 20th September even though income has not changed. Perhaps Centrelink looks at the changing value of superannuation?
@AboutRetirementTV3 ай бұрын
perhaps, hard to tell without knowing the details
@savannahbanks3 ай бұрын
Thank you! We'll be trying to contact you today for a consultation. Excited!!
@ccli38808 күн бұрын
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.
@sewlovemydogs3 ай бұрын
Thank you, you explained this very clearly. Most appreciated.
@gayathrimohanraj45923 ай бұрын
Thank you Katherine. You explained so well.
@gayathrimohanraj45923 ай бұрын
Pls do more about age pension
@wisemanf81122 ай бұрын
Hi Katherine, love your videos, they are honest, to the point and explain things well. I hope you can answer my question. I am hoping to retire in 1 year and live off super for a while until i get to 67 (im single). Im confused re the assets tests as i gather I will need super and pension to survive but not sure how much pension i will get. Im trying to do the calculation myself so my question is, is your super classed as an asset and if so do you declare it as an assett AND then also do you declare what you earn a year from that assett (a double whammy) what is the sweet spot amount to have in super in an allocated pension to aim for? thanks in advance
@raneezeller747513 күн бұрын
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
@gayathrimohanraj45923 ай бұрын
Please do more on age pension pls
@ritmolatino16273 ай бұрын
can you cover plp on DSP as well please?
@AboutRetirementTV2 ай бұрын
I will try to prepare a video on DSP, few people asked already 😃
@angelamay62053 ай бұрын
Thank you Katherine, as ever, very informative. Just wondering about the Work earnings. I guess this means that each person in a couple can earn $300.00 per fortnight or $5,900.00 per year each. My query is, can this be earned over a 12 month period, and not necessarily every fortnight. I hope that makes sense. eg: work may be seasonal and the amount may be earned over a 3 month period, within a financial year?
@AboutRetirementTV2 ай бұрын
hi Angela, unfortunately Centrelink is working on fortnightly basis only, so you have to be careful and try to earn an equal amount each fortnight to benefit the most
@donhinds74702 ай бұрын
Do invalid recipients need to change something or do they automatically shift to aged pension upon reaching the age.
@alangarnham7063 ай бұрын
Hi Katherine, can you do a video on gifting and capital gains tax, example gifting my holiday house to my children ad capital gains tax. I will make a meeting request with you soon.
@AboutRetirementTV2 ай бұрын
That is a very good idea, I have never thought of such a topic, although I talk about it with so many clients. Thanks Alan, I will make a note and create a video on the topic you have requested.
@johngoard82723 ай бұрын
Thanks, Katerine I see that I did not get that increase you mentioned and will have to look into it. Now I do not do any work at least for money but do have a small number of shares that gives me about $350 pa and am just wondering if thtat makes any difference to my situation as a single person.
@AboutRetirementTV3 ай бұрын
If this is the only income you are receiving over and above your Age Pension, then it will not impact your pension entitlement
@renowdenbuyersadvocatesmelbvic3 ай бұрын
Hi Katherine, Thank you for this information. At Question 5 ....8min 30sec What "assets" are you referring to here? Is that meaning Cash? shares? Other? but not real estate? ... And if you own a home for example worth $650,000 with a $200,000 mortgage, is the value of your home considered to be $650k or $450k ???(due to the mortgage) ... Many thanks Bruce.
@AboutRetirementTV2 ай бұрын
Hi Bruce, your mortgage against your home makes no difference, home is exempt, so is our mortgage. It gives you no benefit. Q. 5 refers to all assets excluding your home. All are included in the Assets Test
@juliancooper89633 ай бұрын
Hi Katherine, when will your calendar be available to book a meeting online around June / July 2025 in preparation for Age Pension eligibilty - thanks.
@AboutRetirementTV3 ай бұрын
Hi Julian, the next year calendar will be opened next month. Lots of technology changes, hence the delay. All need to work together smoothly not to create problems with bookings.
@sashawhitehead73782 ай бұрын
Thank you I have been wanting to know this latest info.You make it clear. May I ask about the single pension work bonus - income allowance- of $300- can that be allowed as rental income from an investment property?Thank you Katherine.
@AboutRetirementTV2 ай бұрын
NO, rental income is not income earned from work. Wok bonus is only for the income earned from work/employment
@mrdcwdcw2 ай бұрын
Slightly off topic, the ATO allow an Undeducted Purchase Price on foreign pensions which reduces the amount of the pension that is taxable. It is usually set at 8% of the pension value by default but I believe you can apply for a private ruling. Basically they aren’t taxing you on the money you originally contributed to the pension that is simply being returned to you as part of the pension (at least that’s my understanding). So for example, for a foreign pension of $1,000 per year, only $920 is taxable. Does Centrelink allow this deduction when calculating foreign pension income in the Age Pension income test?
@AboutRetirementTV2 ай бұрын
Centrelink has completely different rules and will treat your pension differently depending which country it originates from and based on all the statements you provide. It is impossible to give you any detailed information without seeing any details of your pensions from overseas.
@mrdcwdcw2 ай бұрын
@@AboutRetirementTV Thanks for taking the time to reply. In my case my pensions are all from the UK. I receive the UK state pension and a couple of small private pensions. The ATO allows me to claim 8% UPP on each of them, so the taxable value of each is reduced by 8%. All these pensions are contributory schemes, so the ATO is giving a small allowance for the money originally put into the scheme which is simply being returned as part of the pension. It would seem only fair if Centrelink did likewise.
@michaelmallal91013 ай бұрын
Will Dutton reduce payments?
@AboutRetirementTV3 ай бұрын
there is no plan for pension payments reduction. I do not believe any government would dare to do so.
@jackieporter88013 ай бұрын
What country are you from and referring to please as I am in Australia
@AboutRetirementTV3 ай бұрын
I am quite surprised with your question, the channel is all about retirement in Australia
@johninnes74352 ай бұрын
How much money can you have in a bank account as a single age pensioner ?
@michaelwhalan97833 ай бұрын
Elephant in the room: recently proposed changes to the refundable aged-care deposit to $750000 supported by the coalition, and increased funding for at-home care.
@AboutRetirementTV3 ай бұрын
this topic is coming soon
@davidhanak27672 ай бұрын
Hi. Im stop work. Im 60 years. Moved to thailand do i have to stay in australia for 2 years if so why come back to claim i was away from family for two years when covid was on so if have to be away from family again. Im not going through the stress again thank you moveed thailand 9 may 2024
@queenslander9542 ай бұрын
Wondering if i can get the age pension when I turn 67 next year if my wife is still working.
@AboutRetirementTV2 ай бұрын
Depending on the outcome of the Income Test.
@gtpete63633 ай бұрын
Love your informed videos, but I would suggest that you invest in a good quality microphone as the sound on the last few videos has been very soft.
@SteveSentosa3 ай бұрын
The sound is excellent. Perhaps the issue is at your end.
@garrysmith44543 ай бұрын
If I am eligible for the aged pension and my partner isn’t 67 yet, am I paid single amount or couple amount?
@LeeJahn-ih9xu3 ай бұрын
Couple , they want partners income /assets also , even though their not eligible yet
@AboutRetirementTV3 ай бұрын
your are receiving one payment of a couple assessed pension payment
@savannahbanks3 ай бұрын
Oh! I just tried to book an appointment but your calendar says you have no spots available for the rest of this year! ( and we were prepared to fly to Boronia!) Is it possible to get a suggestion of a financial advisor here in Perth? A sweet female advisor, of course! ❤
@AboutRetirementTV2 ай бұрын
Hi Savanna, I think I replied before, just call our office and I will organise the time 1300 274 731
@darrynpickstone46212 ай бұрын
Hi, im 61 years of age australian born and living off my super and bank savings at moment over in Philippines since 2022 as i couldnt afford to live in australia etc. My question is do i need to be living back in australia to get the pension, what i have read is that i need to be back in australia for 2 years prior to receiving the age pension, or is it 2 years after the age of 67 years ? so i dont loose the pension when i move back overseas ?? Any help or ideas please . thanks
@AboutRetirementTV2 ай бұрын
Yes, you will need to return to Australia to apply for the Age Pension and then remain in Australia for a period of at least 2 years before leaving, so your Age Pension becomes so called "portable" that obviously providing you meet all other requirements.
@gracegladden32793 ай бұрын
Which country???
@AboutRetirementTV2 ай бұрын
Australia
@xiaxia25582 ай бұрын
So for example if you owns your home worth 2mil, then you aint qualified for any pension right?
@AboutRetirementTV2 ай бұрын
Home is exempt, so it does not matter how much it is worth. It is not counted
@Tony-eb5kh3 ай бұрын
They make the rules and the people of Australia voted them in.
@peaceful32503 ай бұрын
They got 32% of the votes.
@galinalikhovetsky289613 күн бұрын
We are not voting for pension rates, we are voting for politicians who do whatever. We don't have much choice in budget decisions
@peaceful32508 күн бұрын
@@Tony-eb5kh 32 % of votes is hardly the people of Australia. Two thirds of voters didn't want them in government.
@VivienneWest-k3n3 ай бұрын
Because I invested money, I am only receiving $670.05 a fortnight. What legal rights does the government dictate how much I can have in my own personal banking account. What they are doing is making money from me with the lose of over $440 . This will mean that I will have to reduce my spending concerning council rates, water rates and no longer get full health insurance. Don't try and say I got money put away, what I got is my business. Like all Australians I pay 4 different tariffs on everything that is imported, plus GST on the same item imported, plus GST on items in supermarkets.
@Tinesj633 ай бұрын
Are you saying that because you invested wisely, you are largely self-funded and not getting the full pension? If so, seeing as the pension is paid by the government with tax payers money, they unfortunately have the right to say how much and when you get the pension. As you say, if you're earning more than the cut-offs, celebrate that!
@copaloadofthis3 ай бұрын
Vivienne... I can only dream of having your 'Problems'
@gtpete63632 ай бұрын
Please , please, Invest in a decent external microphone. The audio on all of your videos is really poor qaulity and hard to hear.
@reneregtien82882 ай бұрын
Have to say, you may want to check your speakers or headphones. I have found all the videos very clear to hear and understand. Hope this helps.
@aussietaipan87003 ай бұрын
176 liked.
@AboutRetirementTV3 ай бұрын
😀
@janehanlon28023 ай бұрын
Invest in bit coin if you are not worried about losing money big Time lol🤪🤪🤪
@lesdircks25403 ай бұрын
How about a very bloody simple thing.. PUT WHICH COUNTRY YOU ARE TALKING ABOUT IN THE TITLE!!
@annettemcculloch46202 ай бұрын
Katherine has conveyed that she is addressing Australian Pension topics. Calm down mate!
@AboutRetirementTV2 ай бұрын
@annettemcculloch4620 thank you Annette
@kenoath4013Ай бұрын
You really are a dirk, Les.😂. Ya nong
@thevasilakis3 ай бұрын
In which country????
@Tinesj633 ай бұрын
Australia
@Leemac--gg13 ай бұрын
That vase is not doing you any favours 🌷🌺🫶 but you sound nice good luck to you