Hi in a few years my wife & I will be selling every thing and buying our dream motorhome with our super, but a friend tells me because we have super we might not get the aged pension because we have money in are super.But if we buy our dream and wipe this money out, would we get the pension then ? ?
Dougie said
09:15 AM Aug 7, 2010
Best you talk to Centrelink Jacko to get it right, as the rules keep changing. Don't give your name, just call into an office & make a general enquiry.
Trading your real estate home for a mobile one shouldn't affect your pension, it will be a question of what other assets (incl super) you have that will determine whether you are eligible, so best you discuss the ins & outs with Centrelink first.
Happywanderer said
11:13 AM Aug 7, 2010
If you have reached age pension age you are allowed so much in assets and so much in the bank to get the age pension.
You really need to discuss this with centrelink as every case is different.
Gerty Dancer said
01:31 PM Aug 7, 2010
Not sure if they do it everywhere, but Centrelink runs Finacial advice seminars for those planning retirement. Your Superannuation wont stop you getting a pension ordinarily, but you need to convert it into an income stream when you turn 65, and the pension may be a bit reduced by this.
I echo everybody else... go and see Centrelink... just go in and ask for an appointment. Do this before you reach pension age to help you make very important decisions. They are very helpful.
Happywanderer said
03:31 PM Aug 7, 2010
If you end up with any cash out of your super, you would be best to put it in the bank and declare the income from interest to centrelink.
I have a feeling they don't take the lump sum into account, but the interest earned.
Newsflash an hour ago, If Labour get back into power they are inclreasing the amount pensioners are allowed to earn. It will be $6,500 a year which I think works out to an average of $125 a week.
Not sure what it is at the moment.
william the third said
04:27 PM Aug 7, 2010
Hello all ,It would depend how centrelink assesses you. They assess under both asset and income tests and you get whichever is the lower amount.
fantasia417 said
02:41 PM Aug 8, 2010
OK GUYS THANKS HEAPS FOR YOUR ADVICE / PS HAPPY TOURING " JACKO "
Jazzin Around said
09:12 AM Aug 10, 2010
If the motorhome is your home, should you stay in caravan parks you can claim rent assistance for the weekly rental you pay from Centrelink.
countryroad said
10:13 PM Aug 14, 2010
It's very good to see the person at Centrelink well before you retire, as you are not asking for money now but may at some time in the future. They will be extremely gentle and helpful.
I just made an appointment and toddled down there with nothing as i just wanted to know stuff and I roughly know what I've got and it may change before I retire.
Collect the booklets, about retirement off the display which will be in the waiting area amongst the seats and tables....sure most Centrelink Offices are similar when you make appointment...I wanted to check out first....to be sure they wouldn't devour me.
Spent nearly an hour with a perfectly human person, only too happy to help me get sorted, I had stressed for nothing.
Glad I went. They do hold seminars but I work at night and what I was interested in wasn't in the day until 2011 and I wanted to know now.
Regarding rent assistance if you have no other home, try ....Search.........it's above almost top of this page on a darker blue line as this was very clearly discussed recently, just put rent assistance in search, it's spot on.
-- Edited by countryroad on Saturday 14th of August 2010 10:14:56 PM
lilly said
08:28 PM Aug 17, 2010
any one know of camping ground behind THE pub in kin kin Q.L.D
rosco said
01:06 PM Aug 20, 2010
Lilly
I think your post has ended up in the wrong thread.
Why dont you start a new one with your query as the topic.
Cheers
Ross
rosco said
01:10 PM Aug 20, 2010
I agree with all others.
Centrelink have what they call FIS Officers for the sole purpose of offering financial advice to clients.
Wife used to work at Centrelink and knows all the terminology. Cant help with financial advice though, that is a specialised field. She was an admin officer at their internal staff training section.
Cheers
Ross
motorhome with our super, but a friend tells me because we have super we might not get
the aged pension because we have money in are super.But if we buy our dream and wipe this money out, would we get the pension then ? ?
They will be extremely gentle and helpful.
I just made an appointment and toddled down there with nothing as i just wanted to know stuff and I roughly know what I've got and it may change before I retire.
Collect the booklets, about retirement off the display which will be in the waiting area amongst the seats and tables....sure most Centrelink Offices are similar when you make appointment...I wanted to check out first....to be sure they wouldn't devour me.
Spent nearly an hour with a perfectly human person, only too happy to help me get sorted, I had stressed for nothing.
Glad I went.
They do hold seminars but I work at night and what I was interested in wasn't in the day until 2011 and I wanted to know now.
Regarding rent assistance if you have no other home, try ....Search.........it's above almost top of this page on a darker blue line as this was very clearly discussed recently, just put rent assistance in search, it's spot on.
-- Edited by countryroad on Saturday 14th of August 2010 10:14:56 PM