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Sheelagh Jones Posted on Sep 04, 2017
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Guaranteed Income from Insurance company. Should the income from it effect centrelink aged pension?

1 Answer

Bill Boyd

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  • The Master 53,816 Answers
  • Posted on Sep 04, 2017
Bill Boyd
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Joined: Jan 04, 2013
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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

3 Related Answers

Bestway

  • 966 Answers
  • Posted on Nov 19, 2013

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.

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marie seltenrych

  • 120 Answers
  • Posted on Oct 16, 2014

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.

Bill Boyd

  • 53816 Answers
  • Posted on Dec 22, 2016

SOURCE: Aged care supplier states that I need to obtain a Income Tested Package Test from Centrelink to obtain cost of aged care package. What documents do Centrelink require to have the assessment completed.

go to centerlink and get all the details
while you are there fill them out and submit them

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Related Questions:

1helpful
1answer

Can somebody receiving an old age pension (old age grant) from the state go back to work and receive a salary without effecting his pension benefit?

Question edited. i before e, except after c.
Question moved from 'H.I.S. Computers'

Your salary and pension are added together as total income against the personal allowance in the country where you reside.

Here in Canada, I took a part time call out job, and my tax advisor at HR Block told me I could earn $12,000 free of tax. Your pension will be paid the same as the same amount. Any additional benefits like Guaranteed Income Supplement will be adjusted in the year after taxation is calculated.
1helpful
1answer

I'm at home with an injury that doesn't allow me to take a full time job , my compo case is going into court but I have no Income at the moment . Can I get some sort of payment from Centrelink ?

get a doctor's or specialists report of the injury in cluding prognosis for recovery and make an appointment at center link office and discuss what can be done
you may be entitled to an disability pension but as each case is determined individually you will need to visit center link with details
0helpful
2answers

Income thresehold for seniors health card

yes there probably is


If you need to know ask at your local government offices

but do ask a bit nicer
Oct 08, 2014 • Cell Phones
1helpful
1answer

Criteria for age pension

australian citizen
age 65 and older depending on birth dates
asset test (excluding home) applies and reduces
pension if assets above a prescribed amount
income test applies and reduces pension if income is above a prescribed amount
details of asset and income tests are on govt website or talk to centrelink
0helpful
1answer

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.
Nov 19, 2013 • Finance
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