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James Coyle
James has over 35 years experience in financial services with particular expertise in two of the key components of retirement finance - Superannuation and the Age Pension. He is passionate about providing the guidance and support that can help older Australians enjoy their best possible retirement. He lives in regional Victoria surrounded by dogs and chooks.
Hello
My husband is on the pension. I am not of pension age yet but understand that my income and assets are considered in the calculation.
I have just got occasional job where on average I might work 1 day every 3 weeks – earning only about $140. I can’t see on the web site where to update that information. Would you kindly let me know how to do this?
Cheers
Hi Jan, well done for trying to proactively resolve this issue yourself however you will need to call Centrelink on 132 300 so that they can ‘turn on’ the income reporting function so that you can begin declaring what you earn each fortnight.
Thank you, I find the information on this forum very enlightening and useful. Please keep up the good work.
Brilliant thank you so much incredibly helpful! I so look forward to your weekly info!
My wife and i receive the full aged pension plus a DVA disability pension
My wife will shortly receive an inheritance of approximately $ 260,000
Please correct me if I am wrong , I understand that if she deposits this amount into her accumulated super scheme she does not need to declare this money to Centrelink
Whilst her age is 61 she qualifies for the pension because i receive the DVA disability pension
If she decides to withdraw this money at a later date as a on off withdrawal to help pay for a new retirement home does she have to then declare the balance to Centrelink
Hi Chris, great question! We actually have not come across this scenario previously whereby someone under Age Pension age is eligible and receiving the Age Pension so we do not have any first hand experience. Centrelink’s website only covers the standard scenario of a younger partner not being eligible. Technically, based on Centrelink’s wording of “superannuation investments if you are over Age Pension age” you are correct, if your partner is under Age Pension age their super in accumulation is exempt however her receiving the Age Pension already may over-rule that. Best you call Centrelink on 132 300 to be sure.
Very helpful however still unsure whether I need to report employment income when my part pension continues to be determined under the assets test. When my pension was approved I wasn’t working but will be soon, however I won’t earn enough to bring the income test into play?
We had a property in Canada
Centerlink knows about the property and is in the assets declaration
Back in May we had a major break-in and on the 7 october they [insurance company settled $28,0465
This was the cost to fix and replace what was stolen and damaged
Do i need to report this to Centerlink?
I believe that it is not additional income as this is what it would cost to replace and fix up the cabin?
Could you advise us
Hi Mike, you are correct! Although you did get a large increase to your bank balance you then spent the money fixing and replacing what was damaged. You would only need to declare to Centrelink if you spend less than you were paid and therefore the net result is you have more money in your account.
There is no option to upload documents on my online Centrelink account.
The search facility does not lead to Documents and Appointments either.
The top right location you cite for uploading documents on the Centrelink website is not there.
Could you perhaps check and confirm.
Hi Mira, unfortunately we cannot post pictures in these comments to show you specifically where to go but can assure you that if you are logging in to your online Centrelink account using an internet browser (it is different if you use the app) then the menu option “Documents and appointments” is definitely there in the top right hand corner.