ICEINSPACE
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17-06-2020, 07:59 PM
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Registered User
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Join Date: Apr 2006
Location: Warrnambool
Posts: 12,453
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Getting the Pension
Hi Guys, just wondering, can someone get the Australian pension when he has not paid tax for at least 10 years, however he is still working and making a small wage.
Leon
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17-06-2020, 08:08 PM
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Dazed and confused
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Join Date: May 2012
Location: Melbourne
Posts: 3,268
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If you are an Australian citizen then you are entitled to all the standard entitlements
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17-06-2020, 10:00 PM
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Registered User
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Join Date: May 2009
Location: Para Hills, South Australia
Posts: 3,620
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I am on a spousal pension, as my wife is still only just receiving her Disability Support Pension. My income is not high enough to stop it. The pension amount based on wage will depend I think on the type of Pension but my wife is on a 5:1 ratio. For every $5.00 earnt, she loses $1.00. I do believe my income may be calculated slightly differently, I know that if I go to another level in my work she will lose the pension, or put on hold for a period of 2 years.
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17-06-2020, 10:04 PM
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pro lumen
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Join Date: Jun 2006
Location: ballina
Posts: 3,264
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Govt loves it when you work past retirement age... The accountant who has your friend paying no tax for ten years would be a good place to start for advice .
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18-06-2020, 08:32 AM
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Registered User
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Join Date: Oct 2005
Location: Junortoun Vic
Posts: 8,904
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The Gov pension is based on assets and income.
If there's no real income (below the tax threshold) then you need to check the total assets (excluding the home) to see what impact it would have.
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18-06-2020, 01:07 PM
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Registered User
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Join Date: Feb 2007
Location: Perth WA
Posts: 2,297
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Hi Leon,
Don’t forget, the pension doesn’t automatically kick in when you reach a certain age. These days it depends on when you were born.
Google ‘what age can i get the pension in australia‘ to see the breakdown.
Hope this helps
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18-06-2020, 03:23 PM
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Registered User
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Join Date: Apr 2006
Location: Warrnambool
Posts: 12,453
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Thanks for that, this fellow i talk about keeps on sprouting how he never pays tax, never sends in a Tax Return, so I just wondered if he was actually entitled to a pension because of this.
So from your answers it seems like he can still get it, I thought if you don't contribute by paying Tax, you cant reap the rewards.
Leon
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18-06-2020, 03:28 PM
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Registered User
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Join Date: Oct 2005
Location: Junortoun Vic
Posts: 8,904
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Yeah,
It's not like the UK where you need to contribute through the National Insurance payments to have a pension.
https://www.gov.uk/state-pension
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18-06-2020, 04:06 PM
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Registered User
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Join Date: Feb 2011
Location: Kilmore, Australia
Posts: 3,342
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If successive governments get their way with creeping changes, folks my age and younger will be working up until lunch on the day of our funeral if we live to 90.
Last edited by The_bluester; 18-06-2020 at 04:27 PM.
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18-06-2020, 04:18 PM
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Registered User
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Join Date: Apr 2006
Location: Warrnambool
Posts: 12,453
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Yes Paul you are probably right there, I suppose i was lucky and born in June 1950 so i was able to get the pension at 65.
The later your born the longer you have to be a to work it seems, my wife Alice has to wait until 67.5 she is ten years younger.
Leon
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18-06-2020, 06:14 PM
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ze frogginator
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Join Date: Oct 2007
Location: Sydney
Posts: 22,062
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When I started self employment in 2001 my accountant made me start my own super. When you're younger you have no idea and now I'm glad he did. I always knew there was no pension for me at the end of the game but for the money I'd save. If they don't tax me before I kick the bucket that is. Some pollies tend to think that people with super are rich b4stards.
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19-06-2020, 01:37 PM
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Registered User
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Join Date: Jan 2007
Location: Sth Oz
Posts: 230
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The trouble with super I find is that no matter how much you have by the time you retire the goalpost has changed. That is the biggest bugbear for me.
Pete
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19-06-2020, 01:56 PM
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Registered User
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Join Date: Dec 2007
Location: Rockingham WA Australia
Posts: 725
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Simple, they kill the pension we'll fill the prisons until they bring it back. Costs more to keep someone in prison than pay them the pension. The older I get the less I have to lose and the more bloody minded I become.
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19-06-2020, 02:07 PM
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ze frogginator
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Join Date: Oct 2007
Location: Sydney
Posts: 22,062
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Quote:
Originally Posted by drylander
The trouble with super I find is that no matter how much you have by the time you retire the goalpost has changed. That is the biggest bugbear for me.
Pete
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I reckon that with the economy tanking worldwide and the amount of people who will be unemployed they'll rethink the idea of working us to the bone until we're 70 or over. Lots of things are going to change in the near future.
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19-06-2020, 02:10 PM
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No. I am a meat popsicle.
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Join Date: Aug 2017
Location: Townsville
Posts: 598
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Quote:
Originally Posted by sn1987a
Simple, they kill the pension we'll fill the prisons until they bring it back. Costs more to keep someone in prison than pay them the pension. The older I get the less I have to lose and the more bloody minded I become.
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Some may be upset to hear that idea - but objectively, it's very true.
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19-06-2020, 03:47 PM
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Registered User
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Join Date: Apr 2006
Location: Warrnambool
Posts: 12,453
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Yes I agree things will be very bleak for some, I really feel sad how some people will struggle to make it.
I think the world will be a different place in a couple of years, or maybe even sooner.
Leon
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20-06-2020, 01:20 PM
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Registered User
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Join Date: Jan 2007
Location: Sth Oz
Posts: 230
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Quote:
Originally Posted by sn1987a
Simple, they kill the pension we'll fill the prisons until they bring it back. Costs more to keep someone in prison than pay them the pension. The older I get the less I have to lose and the more bloody minded I become.
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And they get preferred medical treatment as well and as we get older some require more medical help than the young ones.
With less time left on this planet maybe take out a politician and get life . Being over 70 and working on average life span its a win-win solution for us oldies.
Pete
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20-06-2020, 06:29 PM
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Registered User
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Join Date: Dec 2007
Location: Rockingham WA Australia
Posts: 725
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Civil disobedience. A protest with benefits. Every parliament building, bank HQ, corporate asset, CEO's/MP's dwelling burnt down will result in the creation of thousands of construction jobs.
1 or 2 hundred thousand oldies storming and burning down a building once a month with plenty of publicity and warning in advance should do it. What are the police going to do to stop them, shoot them?. Afterward everyone surrenders for arrest. "I'm Spartacus!"
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20-06-2020, 07:01 PM
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Senior Citizen
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Join Date: Apr 2008
Location: Bribie Island
Posts: 5,059
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If I'm ' lucky ' I only have 18 months to go for the OAP ( old age pension )
Born in 1955 under the ( non zodiac sign ' of )....' Keep off the Grass '
Col
Last edited by FlashDrive; 21-06-2020 at 10:34 AM.
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20-06-2020, 11:34 PM
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swagman105
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Join Date: Jun 2014
Location: Highton, Victoria, Australia.
Posts: 82
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Tried for the pension a few years ago but missed out by a few dollars on super income grounds for getting even a minimal amount of part pension which would've given me all the perks like health concession card and pensioner discounts amounting to thousands of dollars.
A bit peeved at the thought of being penalised for my financially responsiblity during my life, I resolved to have nothing more to do with Centrelink.
Used part of my super (not all), to finance an investment property and buy some shares and now am over and accelerating above the pension cut off line.
Never looked back, I now have good health insurance and money left over for Astro stuff!
Don't plan to stay poor forever.
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