Australian Aged Pension

[Lacessit]

20 minutes ago, RJRS1301 said:

It is not a government site listed, but an Indian College, Centrelink have stated there are no changes 

 

 

You have to admit it is very convincing.

 

Question - for what purpose?

[scorecard]

1 hour ago, RJRS1301 said:

It is not a government site listed, but an Indian College, Centrelink have stated there are no changes 

 

 

Interesting.

[KhunHeineken]

7 hours ago, scorecard said:

 

There's an Australian guy living long term in Chiang Mai who is officially authorized to countersign many documents from numerous Australian Gov't agencies and non government entities. I've used his service several times, accepted (in my case) by C'Link, the Oz DVA, Oz banks. 

 

He won't accept any payment or gifts.

 

You need to contact him and make an appointment (last time I met him at a coffee shop inside Big C Extra on the superhighway).

 

PM to me if you want his name and contact details.

The Honorary Consulate in Chiang Mai closed in 2023. 

 

https://thailand.embassy.gov.au/bkok/Consular_Outreach.html

 

"The Honorary Consulate in Chiang Mai closed on 21 December 2023.

Further information:

•   FAQ: Honorary Consulate in Chiang Mai closure"

[Olmate]

13 hours ago, Lacessit said:

You have to admit it is very convincing.

 

Question - for what purpose?

Clearly clickbait as RJ has said, clear your browser, its full of similar sites once you show some interest in OAP issues.

[Olmate]

41 minutes ago, Olmate said:

Clearly clickbait as RJ has said, clear your browser, its full of similar sites once you show some interest in OAP issues.

Here is another that popped up on my Google just this morning.

[Olmate]

This appeared on Mygov today! 

[KhunHeineken]

Video only 12 days old. 

 

It's an informative video, but 4:15 to 4:50 is relevant to expat pensioners.   

 

 

 

No where in the comments section does anyone say, "That's only for guys like Paul Hogan." 

[KhunHeineken]

Well explained.  Video 4 months old. 

 

He mentions doing 45 days a year in Australia to remain a resident of Australia for tax purposes. 

 

 

A lot of comments asking about taxing of the aged pension at non resident 30% rate.

 

 

[Olmate]

19 hours ago, KhunHeineken said:

Video only 12 days old. 

 

It's an informative video, but 4:15 to 4:50 is relevant to expat pensioners.   

 

 

 

No where in the comments section does anyone say, "That's only for guys like Paul Hogan." 

 

[KhunHeineken]

4 hours ago, Olmate said:

 

Is the below "fake information?"  It's from the Australian Government Treasury Department.

 

  https://treasury.gov.au/sites/default/files/2023-07/c2023-205344-cp.pdf

 

Accounting firms, financial advisors, legal firms, tax experts etc have posted on their websites about it.  It's not "click bait" it's real, and in my opinion, will happen, particularly as the current laws are 90 years old. 

[RJRS1301]

2 hours ago, KhunHeineken said:

Is the below "fake information?"  It's from the Australian Government Treasury Department.

 

  https://treasury.gov.au/sites/default/files/2023-07/c2023-205344-cp.pdf

 

Accounting firms, financial advisors, legal firms, tax experts etc have posted on their websites about it.  It's not "click bait" it's real, and in my opinion, will happen, particularly as the current laws are 90 years old. 

I think I prefer to take Commonwealth benefit advice from Services Australia or mygov website than your opinion, especially when i comes from a source from India

[KhunHeineken]

3 hours ago, RJRS1301 said:

I think I prefer to take Commonwealth benefit advice from Services Australia or mygov website than your opinion, especially when i comes from a source from India

I was not the one that posted the link from India.

 

My link is from the Australian Government - Treasury Department.  Do you think an Australian government source is not credible? 

 

It's the Australian Government, not social media, or click bait from India. 

 

The fact that accounting firms, law firms, financial advisors etc have put it on their websites, or made a youtube clip about it, doesn't make it click bait. 

 

Here's the link again. 

 

 https://treasury.gov.au/sites/default/files/2023-07/c2023-205344-cp.pdf

 

 

[Nemises]

12 hours ago, KhunHeineken said:

https://treasury.gov.au/sites/default/files/2023-07/c2023-205344-cp.pdf

Closing date for submissions was 2 years ago. Nothing has changed yet. Nothing is scheduled to change yet. Yawn. 🥱 

 

💤 

 

[RJRS1301]

19 hours ago, KhunHeineken said:

I was not the one that posted the link from India.

 

My link is from the Australian Government - Treasury Department.  Do you think an Australian government source is not credible? 

 

It's the Australian Government, not social media, or click bait from India. 

 

The fact that accounting firms, law firms, financial advisors etc have put it on their websites, or made a youtube clip about it, doesn't make it click bait. 

 

Here's the link again. 

 

 https://treasury.gov.au/sites/default/files/2023-07/c2023-205344-cp.pdf

 

 

 

That site is older than some of "scare tactic "posts

That was from a consultation paper 2023, nothing more than a call for submissions to a consultation

 

[KhunHeineken]

8 hours ago, Nemises said:

Closing date for submissions was 2 years ago. Nothing has changed yet. Nothing is scheduled to change yet. Yawn. 🥱 

 

💤

 

The point is, the proposed changes were drafted by the Morrison Liberal government in 2020 / 21. 

 

When Albo was voted in, many members of this forum thought they would be scrapped by the new Labor government. 

 

Does progressing to the consultation stage in 2023 show that Albo and Labor have scrapped the proposed changes? 

[KhunHeineken]

38 minutes ago, RJRS1301 said:

That site is older than some of "scare tactic "posts

Is it from India, or from the Australian Government Treasury Department?

 

38 minutes ago, RJRS1301 said:

That was from a consultation paper 2023, nothing more than a call for submissions to a consultation

Yes, but under the current Labor government, which shows Labor has not binned the proposed changes drafted by the previous Morrison Liberal government.  This basically means it does not matter if it's Labor or Liberal in government, the laws will be eventually passed and implemented. 

 

Have you got a place to stay in Australia for 45 days each year? 

[RJRS1301]

5 minutes ago, KhunHeineken said:

The point is, the proposed changes were drafted by the Morrison Liberal government in 2020 / 21. 

 

When Albo was voted in, many members of this forum thought they would be scrapped by the new Labor government. 

 

Does progressing to the consultation stage in 2023 show that Albo and Labor have scrapped the proposed changes? 

All the days you're physically present in Australia during the income year will be counted. This includes the day of your arrival and departure. It's important to note that the 183-day test applies in relation to the year of income, not the calendar year.30 June 2024

Residency – the 183-day test | Australian Taxation Office

Australian Taxation Office

https://www.ato.gov.au › individuals-and-families › resid...

 

 

 

Here ya go as June 2024  and confirm May 2025 that answer your questions

Henny Penny the Sky isn't falling

 

[KhunHeineken]

6 minutes ago, RJRS1301 said:

All the days you're physically present in Australia during the income year will be counted. This includes the day of your arrival and departure. It's important to note that the 183-day test applies in relation to the year of income, not the calendar year.30 June 2024

Residency – the 183-day test | Australian Taxation Office

Australian Taxation Office

https://www.ato.gov.au › individuals-and-families › resid...

 

 

 

Here ya go as June 2024  and confirm May 2025 that answer your questions

Henny Penny the Sky isn't falling

 

When he proposed changes are passed into law, if you are outside of Australia for 183 day, you will be deemed a non resident for tax purposed.  That's the "bright line" test.

 

If you are inside Australia between 45 days and 183 days, you have to meet two out of four factor tests.

 

The pension is deemed to be an income. 

 

Non resident tax is 30% from $0 to $135,000.

 

There are no exemptions in the proposed changes.  

 

There are no changes to the non resident tax brackets in the proposed changes.  Eg. the introduction of a tax free threshold to cover pensioners. 

 

There is no means testing in the proposed changes. 

 

The Australia / Thailand DTA does not cover the aged pension, it covers "service pensions." 

 

So, Henny Penny, what of the above do you disagree with?  It's all in writing, and from the Australian Government, and not from India. 

[Nemises]

3 hours ago, KhunHeineken said:

If you are inside Australia between 45 days and 183 days, you have to meet two out of four factor tests.

What are the four factor tests again, please?

[KhunHeineken]

1 hour ago, Nemises said:

What are the four factor tests again, please?

"The closing date for submissions was 2 years ago. Nothing has changed yet. Nothing is scheduled to change yet." And, apparently, it's only for guys like Paul Hogan, so why do you need to know the four factor tests?. 

[Nemises]

20 minutes ago, KhunHeineken said:

"The closing date for submissions was 2 years ago. Nothing has changed yet. Nothing is scheduled to change yet." And, apparently, it's only for guys like Paul Hogan, so why do you need to know the four factor tests?. 

Because they are probably all grey areas thus adding many more years to when/IF these changes are ever implemented. 🤣

[CygnusX1]

4 hours ago, Nemises said:

What are the four factor tests again, please?

1. Right to reside permanently in Australia (ie Australian citizen for most people)

2. Australian accommodation (owner occupier of property or long term renter)

3. Australian family (spouse or children under 18 living in Australia)

4. Australian economic interests such as reasonable amount of money in an Australian bank account.

Explained in a lot more detail at the link KH provided.

Proposal is that if you’re in Australia for at least 45 days of the tax year and if you satisfy at least 2 of the 4 factors then you’re a tax resident. It’s even easier than that - you have to be present in Australia for less than 45 days for 3 consecutive years to lose tax residency.

All just a proposal, no legislation yet passed, or I think even presented to Parliament.