Australian Aged Pension

[Jai Dee]

A troll post, a flame (personal attack) and several replies have been removed as they violate our Community Standards.

[CharlieH]

More off topic posts removed, if this persists the topic will be closed.

[Artisi]

I don't think the link should be closed, better off closing down those who persist in posting, baiting, bad mouthing posters and trying to win points.

Unfortunately the subject which is / was important is currently way-off track and needs to get back to what it was about when originally started. 

[TroubleandGrumpy]

On 3/27/2024 at 4:43 PM, Artisi said:

I don't think the link should be closed, better off closing down those who persist in posting, baiting, bad mouthing posters and trying to win points.

Unfortunately the subject which is / was important is currently way-off track and needs to get back to what it was about when originally started. 

I agree - please do not close this thgread - ban those who keep breaking the rules, but dont punish the rest of us for their sins.

 

This is an important thread to all Aussies.  The Pension is always changing and Aussies need to be aware of it. Unlike most other countries where the Pension is a done deal and somewhat locked in when first given, in Aust if the Pension changes, it changes for everyone - including those living overseas - but they dont tell us of the changes.  And I guarantee that the Aust Embassy does not give a rat's rear about Pensioners in Thailand and will not take any steps to keep them informed of any changes in the Pension rules. 

 

Services Australia publishes a newsletter in October each year - but that is about all they do to advise of changes. 

Australian Pension News - Retirement years - Services Australia

Most changes are mentioned and discussed on forum's like this, well before they are officialy published online. 

[Lacessit]

1 hour ago, TroubleandGrumpy said:

I agree - please do not close this thgread - ban those who keep breaking the rules, but dont punish the rest of us for their sins.

 

This is an important thread to all Aussies.  The Pension is always changing and Aussies need to be aware of it. Unlike most other countries where the Pension is a done deal and somewhat locked in when first given, in Aust if the Pension changes, it changes for everyone - including those living overseas - but they dont tell us of the changes.  And I guarantee that the Aust Embassy does not give a rat's rear about Pensioners in Thailand and will not take any steps to keep them informed of any changes in the Pension rules. 

 

Services Australia publishes a newsletter in October each year - but that is about all they do to advise of changes. 

Australian Pension News - Retirement years - Services Australia

Most changes are mentioned and discussed on forum's like this, well before they are officialy published online. 

As I have said before, if no-one responds to the s*!tstirrers, it deprives them of oxygen.

[Artisi]

44 minutes ago, Lacessit said:

As I have said before, if no-one responds to the s*!tstirrers, it deprives them of oxygen.

unfortunately there is always someone who will rise to the bait - this starts the cycle all over again.

[KhunHeineken]

I think this thread will become redundant in the years to come. 

 

As I said some time ago, around 1992 superannuation was introduced.  The whole idea was one was forced to save for their retirement, thus, no Aged Pension for them, as they would be over thresholds to claim it.  This was by government design.

 

I posted the math on this some time ago, based on the average Australian salary, and entering the workforce at 18 and retiring at 67.  It showed clearly even an average worker being over today's thresholds. 

 

It means, the only people that will be on the aged pension in the future will be people who have played there Centerlink system all their life, and never worked.  Eg. dole bludgers.  This demographic are not your typical Aussie retiree in Thailand, thus, having any interest in this website.

 

I have said in the past the changes to tax residency in Australia is the single biggest issue facing retired Aussie aged pensioners in decades, and I stand by that.  Some have said that debate has hijacked the thread, but when it's not being discussed, the threat is dead. 

 

What else is there to discuss, portability, it's been done to death.  You have to do your 2 years.  Simple at that.   

 

Of course keep the thread going, don't close it, but it will eventually become obsolete due to laws and policies in Australia that targeted the next generation of retiree coming through. 

 

I can see the day when a pinned thread will be, "Australian Superannuation" which will sit at the top of this forum. 

[LosLobo]

Aged Pension Income and Asset thresholds will change....

How Age Pension will change on 1 July (retirementessentials.com.au)

[Olmate]

40 minutes ago, LosLobo said:

Aged Pension Income and Asset thresholds will change....

How Age Pension will change on 1 July (retirementessentials.com.au)

More alarmist bs from financial advisory company. Why did you post this here, flaming at worst, ignorance at best.! 

[Lacessit]

2 hours ago, Olmate said:

More alarmist bs from financial advisory company. Why did you post this here, flaming at worst, ignorance at best.! 

There seems to be nothing in the budget just brought down by Chalmers which mentions overseas pensioners.

 

From what I have read in the link, more people will become eligible for the Age Pension.

[LosLobo]

1 hour ago, Olmate said:

More alarmist bs from financial advisory company. Why did you post this here, flaming at worst, ignorance at best.! 

 

Apologies, I just received the link and did a quick scan and thought that all the news was positive.

On fact checking I now discover that the 2024/25 Budget was just released and does not support a lot of what the link states.

The main positive thing from the Budget for pensioners living here is that deeming rates will remain frozen as they were first done in 2022.

There are no changes to Super draw down percentages that are currently in operation after they changed last July from COVID times.

 

Federal Budget 2024-25 Round-Up – AMP
 

[Olmate]

On 5/21/2024 at 12:16 PM, LosLobo said:

 

Apologies, I just received the link and did a quick scan and thought that all the news was positive.

On fact checking I now discover that the 2024/25 Budget was just released and does not support a lot of what the link states.

The main positive thing from the Budget for pensioners living here is that deeming rates will remain frozen as they were first done in 2022.

There are no changes to Super draw down percentages that are currently in operation after they changed last July from COVID times.

 

Federal Budget 2024-25 Round-Up – AMP
 

Ok, well said, thank you! 

[KhunHeineken]

On 5/21/2024 at 4:52 AM, Lacessit said:

There seems to be nothing in the budget just brought down by Chalmers which mentions overseas pensioners.

Why would it mention "overseas pensioners?" 

 

As the proposed changes stand, it would only mention residents and non residents for tax purposes. 

 

It about the money, not the person. 

[Olmate]

On 5/23/2024 at 10:14 PM, KhunHeineken said:

Why would it mention "overseas pensioners?" 

 

As the proposed changes stand, it would only mention residents and non residents for tax purposes. 

 

It about the money, not the person. 

 

On 5/21/2024 at 11:52 AM, Lacessit said:

There seems to be nothing in the budget just brought down by Chalmers which mentions overseas pensioners.

 

From what I have read in the link, more people will become eligible for the Age Pension.

Comprehension not your strongest attribute then, (mention maybe ___" refers to"___" subject matter does matter".   facts are facts, despite your lame attempt, once more, to deflect.   Yawn,,, its Saturday here in los!! 

[KhunHeineken]

18 hours ago, Olmate said:

 

Comprehension not your strongest attribute then, (mention maybe ___" refers to"___" subject matter does matter".   facts are facts, despite your lame attempt, once more, to deflect.   Yawn,,, its Saturday here in los!! 

Is English your first language? 

 

You still don't think it will happen then.  We'll see. 

[Olmate]

13 hours ago, KhunHeineken said:

Is English your first language? 

 

You still don't think it will happen then.  We'll see. 

Crikey, your replies are getting feebler and feebler by the day, (are they english words)? Who cares, they fit you like a two fisted glove, you would be familiar with those no doubt.! I cant watch your decline any longer. So long, continue bringing sunshine into the lives of others tho, a bit of it may dribble onto you!! 

[KhunHeineken]

22 hours ago, Olmate said:

Crikey, your replies are getting feebler and feebler by the day, (are they english words)? Who cares, they fit you like a two fisted glove, you would be familiar with those no doubt.! I cant watch your decline any longer. So long, continue bringing sunshine into the lives of others tho, a bit of it may dribble onto you!! 

So you don't think the proposed changes will be passed. 

[Mike Lister]

Stop baiting.

[Olmate]

Anyone notice the new version of Mygov, popped  up.everywhere yesterday, looked like scam initially, still does but it was forecast  by Albo🙏

[Olmate]

And dollar flies high too!!! 

[KhunHeineken]

On 5/27/2024 at 7:20 PM, Olmate said:

Anyone notice the new version of Mygov, popped  up.everywhere yesterday, looked like scam initially, still does but it was forecast  by Albo🙏

I never access such government service websites on my phone, due to "location services" and other ways to log your location, despite using a VPN. 

 

Best to use a PC. 

[Olmate]

7 hours ago, KhunHeineken said:

I never access such government service websites on my phone, due to "location services" and other ways to log your location, despite using a VPN. 

 

Best to use a PC. 

Tis the advert dear boy, not mine or yours,  geez thats explained some of your off target  posting brainfarts!!! 

[KhunHeineken]

5 hours ago, Olmate said:

Tis the advert dear boy, not mine or yours,  geez thats explained some of your off target  posting brainfarts!!! 

Merely advising members it's better to sign in to My Gov on a PC with a VPN and not a phone.

 

That whooshing sound was the content of my post going over your head, then again, every post goes over your head. 

 

 

[Olmate]

On 5/31/2024 at 11:41 AM, KhunHeineken said:

Merely advising members it's better to sign in to My Gov on a PC with a VPN and not a phone.

 

That whooshing sound was the content of my post going over your head, then again, every post goes over your head. 

 

 

From financial 'doom preemptor' to now, voila,Its   scambamb whizz kid, hardman of how not to use an ATM, etc. Could it be your main game has shot its bolt, gone up that wrong way dead <deleted> alley!!!    LOL. Lets deflects AGAIN, like you did last.summer, Chubby ie in safe😭

[KhunHeineken]

On 6/1/2024 at 6:45 AM, Olmate said:

From financial 'doom preemptor' to now, voila,Its   scambamb whizz kid, hardman of how not to use an ATM, etc. Could it be your main game has shot its bolt, gone up that wrong way dead <deleted> alley!!!    LOL. Lets deflects AGAIN, like you did last.summer, Chubby ie in safe😭

You keep shying away from the question, like a politician with an upcoming election.

 

Here's the question again.  Do you think the proposed changes to tax residency will be passed?  That's a yes or no.  Go on the record, or STFU. 

[Olmate]

8 hours ago, KhunHeineken said:

You keep shying away from the question, like a politician with an upcoming election.

 

Here's the question again.  Do you think the proposed changes to tax residency will be passed?  That's a yes or no.  Go on the record, or STFU. 

Simple answer for a simple  question and to a simpleperson, Aka, you.  No not in the form you continually toss !  Twisten time is finish now🎉

[KhunHeineken]

14 hours ago, Olmate said:

No not in the form you continually toss ! 

So, they will be passed, or not.  Get off the fence.

 

If they will be passed. and not in the way I "toss" than which way.

 

Go on the record instead of criticizing. 

[Olmate]

On 6/5/2024 at 11:02 PM, KhunHeineken said:

So, they will be passed, or not.  Get off the fence.

 

If they will be passed. and not in the way I "toss" than which way.

 

Go on the record instead of criticizing. 

Tackling tossing too hard to comprehend,.. 'get back to elementary school heinekin' as my ol partner often said! 

[4MyEgo]

On 5/21/2024 at 3:16 PM, LosLobo said:

The main positive thing from the Budget for pensioners living here is that deeming rates will remain frozen as they were first done in 2022.

 

I had no idea that the deeming rates were frozen since 2022 and further extended for 2024-2025, that is a good thing to know, that said, when they do eventually lift it, that will have an impact on those fortunate enough to have some coin.

 

Once it is lifted, it will stick like mud, regardless if you live in Oz or abroad.

 

I note in the link that you provided, that the Seniors and Pensioners Tax Offset (SAPTO) for a single will increase to $35,813 before one starts paying any tax on their Age Pension and any additional income vs the previous amount of $32,279.

 

 

[KhunHeineken]

2 hours ago, Olmate said:

Tackling tossing too hard to comprehend,.. 'get back to elementary school heinekin' as my ol partner often said! 

Elementary school is not a term used in Australia.  Strange.  the plot thickens.   

 

So, you think the proposed changes will be passed, thus agree with me.  Glad we got that sorted out.  

 

So, what "toss" do you think the proposed changes will be, if not what's actually in black and white, as proposed by the previous Liberal government and still active under the current Labor government?