Australian Age Pension Rules for Expats about to change again from 1 January 2017

[sandgroper2]

"THE aged pension entitlements of more than 17,000 South Australians will be slashed by a fortnightly average of $130 from New Year’s Day."  from yesterday's paper. That's just SA figures. Australis wide , of course. Now some of you will really have something to whine about. 

[SaintLouisBlues]

16 minutes ago, sandgroper2 said:

"THE aged pension entitlements of more than 17,000 South Australians will be slashed by a fortnightly average of $130 from New Year’s Day."  from yesterday's paper. That's just SA figures. Australis wide , of course. Now some of you will really have something to whine about. 

How many pensioners are there in South Australia? What percentage does 17,000 represent. The argument from the government is that these 17,000 will largely be pensioners with a large asset balance in excess of their principal place of residence. The 17,000 are those who are now encountering a lower asset balance than was previously in place. Its intention is to disqualify those who have arranged their affairs so as to maximise their pension

 

The more significant change for Aussie pensioners in Thailand is that after six weeks absence they will lose the supplementary payment. As the supplementary payment is intended to subsidise Australian living costs, and by definition those people are not incurring Australian living costs, that seems reasonable

 

I shall now stand back and wait for the small handful of people who want to argue from their atypical circumstances why these changes are unfair

Edited December 22, 2016 by SaintLouisBlues

[georgemandm]

3 hours ago, SaintLouisBlues said:

How many pensioners are there in South Australia? What percentage does 17,000 represent. The argument from the government is that these 17,000 will largely be pensioners with a large asset balance in excess of their principal place of residence. The 17,000 are those who are now encountering a lower asset balance than was previously in place. Its intention is to disqualify those who have arranged their affairs so as to maximise their pension

 

The more significant change for Aussie pensioners in Thailand is that after six weeks absence they will lose the supplementary payment. As the supplementary payment is intended to subsidise Australian living costs, and by definition those people are not incurring Australian living costs, that seems reasonable

 

I shall now stand back and wait for the small handful of people who want to argue from their atypical circumstances why these changes are unfair

You put it  how it should be put .

you know what you are talking about, good to see someone has a  Brain .

[AlexRRR]

On 23/12/2016 at 9:50 AM, SaintLouisBlues said:

How many pensioners are there in South Australia? What percentage does 17,000 represent. The argument from the government is that these 17,000 will largely be pensioners with a large asset balance in excess of their principal place of residence. The 17,000 are those who are now encountering a lower asset balance than was previously in place. Its intention is to disqualify those who have arranged their affairs so as to maximise their pension

 

The more significant change for Aussie pensioners in Thailand is that after six weeks absence they will lose the supplementary payment. As the supplementary payment is intended to subsidise Australian living costs, and by definition those people are not incurring Australian living costs, that seems reasonable

 

I shall now stand back and wait for the small handful of people who want to argue from their atypical circumstances why these changes are unfair

 

Its not so unfair, there are other areas that could be tightened up first like legislating that superannuation schemes are only to be rolled over into annuities or at least the bulk of it, of course this would impact on the already over paid and well looked after politicians, the other think most people fail to grasp is that within 20 years the majority of retirees could be self funded or partly funded hence less of a burden on the budget, its all smoke and daggers designed to pull the wool from over your eyes because i can see it clearly the pricks, what we should be asking in this period of reform is "why do the politicians ignore super pay out?"

[SaintLouisBlues]

13 minutes ago, AlexRRR said:

its all smoke and daggers designed to pull the wool from over your eyes

A phrase I shall treasure