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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.
How do I report income from self employment
Hi Glen
If you get in contact with Centrelink they will be able to set this up for you. Best to call them on 132-300.
It’s the English pension classed as income if it my Australian pension has not changed yet
You will need to tell Centrelink if you are now receiving an UK pension – Centrelink rely on your updates to adjust your payment. It’s best to do this ASAP so you don’t end up being over paid and then owing Centrelink money
They require a written statement from UK Gov which is not index linked by the way.
Other pension must also be declared, in the same way. I did all this last year.
My work bonus balance was $6000, i earned $4500 during a fortnight but my age pension was $0 for the fortnight. I was advised that if you earn over $1500 during the fortnight the work bonus can not be used.
Am I entitled to a New Zealand pension?
I moved to Australia in 1981 and have made my life here but still hold New Zealand citizenship.
I am 66 years of age and am still working full time
Hi Tim, thank you for reaching out for assistance. We specialise in the Australian Age Pension so would not be able to comment on your eligibility for the New Zealand one. HERE is the link to the New Zealand government’s website which talks about the pension and will hopefully clarify your eligibility.
Does the Work Bonus renew each year, or is it just a ‘one-off’?
Hi Karen, thanks for seeking clarity! The Work Bonus does accrue up to a total of $7,800 and then stops however if you then work and use up some of the bonus, it begins accruing again until you get back up to $7,800.