Yes
it is an income and if it is more than $18,000.00 per year the aged pension is reduced accordingly
talk with center link and the insurance company
may be you should have the insurance income paid into a superannuation pension account the have it paid out monthly as a deemed account
ask financial advisers on what to do
SOURCE: question on centrelink payments
If the flatmate is contributing to the upkeep and expenses that is not an income that benefits you thru surplus. In my opinion it is not an income and therefore should not affect your pension.
SOURCE: can I view my centrelink account to see credits and debits please.
Go to MyGov and set up your centrelink account there. It is the latest idea from our government. (use your customer number and add a password) Write down your password and put it where you can get it easily if you forget. (Under a magnet on the fridge, or on a filing cabinet).
Or:
Go to Humanresources and click on Centrelink. Log in and check your payments for 2014 - 2015. They should be there. Also, you should be receiving Centrelink online letters to let you know of any changes. You can also check by logging into your bank account. Set up a username and password with your bank online.
go to centerlink and get all the details
while you are there fill them out and submit them
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