Join Now
Unlock unlimited access to all our content and get great discounts by purchasing a membership now
Learn more ….
Related posts:
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.
Australian politisions making sure that pensioners living in poverty , that’s for sure.
If pensioners can work they can have extra money and government have tax money so everyone is happy.
yep if we can see that why cant they is a win win for every one tax to the economy and less poor pensioners if they can work i cant see why they dont what us to make some money above the pension they must think we are so well of on the hand out they give us
Hi for I am Michael Patterson I applied for the pension and they gave it to me then took it to after six weeks they said my wife and I earned to much and I don,t even get A pension card i am 72 I work 4 days A week my wife works part time we both work in age care and don,t earn all that much
My husband is 74 he retired 9 years ago I am just turned 61 when my husband retired I was working 10 hours a week earning $225 I enjoyed my job but Centrelink took $115 dollars away from my husband’s pension because of my earnings.
We are classed as a couple.
What incentive was there for me to keep working effectively for only $110 a week.
I am 71 still works 15 hours per week. My net income is $831 pf. My pension is $ 459.85 pf and me missus $ 454.17. If we both on full pension and quit my job we both will get $ 1547.60 pf.
So our total income by working is: $1744
If I quit my job: $ 1547.60
Technically we receive $ 196 more or $ 6.55 net per hour by me working so like Maggie above is it worth to drive to work and spending $2 fuel per day
my wife and I still work, I work 3 out of 4 weeks a month and have to report our income every fortnight so every 2nd fortnight I get a few dollars but I do have a pension card and get cheap medications. My job finishes at the end of June am I better to share my wife’s job or just get the pension and declare only 1 income ?
Hi Peter. There are a number of factors to consider here including the work bonus and whether your wife is employed or in her own business. All income needs to be declared to Centrelink but whether the income is in your name or your wife’s depends on your circumstances. It might be useful to book a consultation to get more help with this.
My husband is retired and because of how much I earn in my fulltime job, he receives a little over $100/fn. He picks up a little work on a very ad hoc basis–in a good week he could earn up to $700, but then may go weeks without any more work. He has an ABN but doesn’t make enough to charge GST, etc. From what I have seen on the Centrelink site when reporting his income each fortnight, he doesn’t have to report any income he makes from these little jobs as he is not “employed”. Is this correct or am I misunderstanding the information on the Centrelink site?
Hi Ruth, thanks for reaching out! When you are self-employed reporting income is a little different. The best way to declare any earnings is to lodge a Profit & Loss statement(P&L). Centrelink have a TEMPLATE you can use if you do not already have one. Given the ad hoc nature of your husband’s work we suggest he lodges a P&L whenever he receives any income.
There is nothing like earning some extra money and then doing your job for 1/2 the price because of what you lose. So instead of being a help with the worker shortage, I may as well stay home. But I enjoy going out and interacting with people.