Thread: Grey nomad stingy money saving habits

Originally Posted by Gav 110

If you don’t spend it your kids will be fighting over it when you’re 6ft under

You wouldn’t want your kids to hate each other when you’re gone

....... & they may just **** it up against a wall.

Originally Posted by Saitch

Nah, BJ, I'm in the same situation. If only what you say was true

Exactly - you plan ahead and do the right thing but still end up with the same as the pension without the benefits.

Originally Posted by Bigbjorn

Ian, I suppose you are old enough to have a few bricks squirrelled away.

I wish.
I do recall doing the conversion sums in school. Also some of the more enterprising kids going to the shop across the road from the school and changing their shilling for 12 pennies. They would then go to the tuckshop booth and exchange the pennies for cents, individually.

Originally Posted by Bigbjorn

It is true. This is an extraordinarily generous country. Check the Centrelink site for the income and assets test for a pension. Couples can have their principal residence and near $1,000,000 in assets and still get a part pension with fringe benefits.

Wifey and I went to Centrelink on my 65.5 birthday and were told "Sorry, nothing for you!" Not even a health card. We are nowhere near a million in assets. Because the missus is still working and doesn't hit 65 for a couple of years, I'm not entitled to anything.
Is it fair? I don't know. The curse of Anglo-Saxonism, perhaps?

Serves you right. I went to get some financial relief for a lower back injury & the smug sheila behind the counter (I now know why they are protected with an immovable object wider than a bloke's arm reach)

Had the cheek to say to us & me in agony trying to support myself against said counter "We can't give our money away". Nearly said "Yours be buggered, who do you think helps keep you in this fine job you are doing, not?" or words to that effect but I was in so much pain I could only think it. Afterwards.

Anyway she probably would have called SECURITY (as they seem prone to do at times like this) & had me ejected to the gutter. There always seems to a question on their forms "Are you a Torres Strait Islander?"


I'll be tempted to tick the Yes box one day & see if Aladdin's cave opens up for me. Some say I have the nose of one.

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Just STOP whinging & get back to work!

Mob of sooks!

Jonesfam

Originally Posted by Barraman

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Income Test

From 20 September 2019 a single pensioner could earn $174 a fortnight and still be eligible for the full single pension of $933.40 a fortnight, including all supplements. They can also earn $150 a week from personal exertion – this is not included in the income test. Once income exceeds $174 a fortnight the pension reduces by $0.50 for every additional dollar earned.
From 20 September 2019 a pensioner couple could earn $308 a fortnight combined and still be eligible for the full pension of $1407.00 a fortnight, including all supplements. They can also earn $300 a fortnight each from personal exertion – this is not included in the income test. Once income exceeds $308 a fortnight the pension reduces by $0.50 for every additional dollar earned.
Asset Test

From 20 September 2019 the full pension is available, under the assets test, for home owner singles whose assessable assets are under $263,250 – for home owner couples the number is $394,500. The numbers for non-homeowners are $473,750 and $605,000 respectively.
Once assessable assets exceed the lower threshold the pension reduces by $3 fortnight for each $1000 by which assessable assets exceed the lower threshold.
A single homeowner can have up to $574,500 of assessable assets and receive a part pension – for a single non-homeowner the lower threshold is $785,000. For a couple the higher threshold to $863,500 for a homeowner and $1,074,000 for a non-homeowner.