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Australia & New Zealand Travel Forum The forum to tell us about your travels in Australia & New Zealand, the hotels you stayed, the beaches you went to, the tourist attractions you saw, did you dive on the Great Barrier Reef? Spend an evening at the Sydney Opera House, travel to Ayers Rock, sunbathe at Bondi Beach, post your pictures and videos of your holidays in Australia & New Zealand here.

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Old 08-12-2016, 09:09 PM   #26 (permalink)
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So this is how it went down.

This Convict posts up that he flew back to Aussy once he reached his pension age.

He was in the same boat as myself that being he had worked all his life in Australia and retired at 56.

He maintained his life in Australia, that being a house, Medicare and other assorted stuff but basically was out of Australia most of the time since retirement and returning a few times a year for short periods.

So he posts up that he went back to Aussy once he reached his Pension age, goes down to Centrelink, does all the paper work for his aged pension and fly's out 7 days later back to Thailand.

The plebs call him out over it because it is assumed that one must flounce back to Aussy and complete two years unbroken in Country before one qualifies for the Aussie Pension.

He posts up this.....

" The two years unbroken rule does not apply to people who have lived in Australia unbroken for 35 years. "

The thread stopped there.

I have no idea whether this is true or not and I can not find anything on the AUD Centrelink web-sight about it.

It would be real nice to get this little bit of info confirmed if this is indeed the case.

Regards myself, I flounce back to Perth twice a year for around 4-5 weeks each time.

I do this purely to show my face and confirm to the Filth that i have not burned my bridges with Australia to live full time in this shit hole.

Gota be a fukin nut case to cut ties with Australia and a massive " Fuk That ".
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Old 09-12-2016, 01:46 AM   #27 (permalink)
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^

That TV thread just descended into the usual name-calling waste of time. There's only one guy that seems to know what he is talking about towards the end.

The two years unbroken rule and the 35 years thing I think is confused. 35 years is to do with portability - if you have less than 35 years you lose a % of your pension if you leave the country for more than 26 weeks (dropping to six weeks soon). This will affect my wife for example if we ever get a pension. Deducting time out of the country (which I believe they do) she currently has 23 years towards her 'Australian Working Life Residence (AWLR)'. If she got a pension today and left Oz, she would get 23/35 of a full pension - about 65%. ( Don't know what that means when you get a "married couple" pension, but you can be damn sure it won't fall in our favour! )

The two years unbroken thing applies to all of us I believe, if we are non-resident when granted the OAP. Leave the country within two years, lose 100% of the pension. But I really hope that is just one of those internet forum "facts", based on what some blowhard said once upon a time.

BTW Terry, from my speaking to Centrelink yesterday, you would probably be classed as 'non resident'. As she said to me, a six week visit is not enough to maintain your residency. Maybe two six-week visits are though? But they look at us all individually. If you are living with your Thai wife on a plot of land somewhere, I would say that would be worse for you than if you're single and just pissing your money away down Pattaya way. IMHO.

And you are almost certainly non-resident for tax purposes, which means you owe 32.5% (one third!) tax on every dollar earned in Oz - no tax-free threshold. (Thanks Iceman) But again ATO residency is not cut and dried - the ATO website has a few ifs buts and maybes. Based on court decisions brought about by wealthy cvnts and their smart accountants I'd say.

I looked into this last night btw, pretty sure superannuation pensions and annuities don't count as "income" - see here: ATO ID 2007/22 - Assessability of an allocated pension from an Australian superannuation fund received by a Sri Lankan resident. But still digging on that one, and will get financial advice well before I lose my residency - you'd be a mug to base these massive decisions on what you read on the internet right?

I was planning to take bits and pieces from my Super as I need it, but looks like it will have to be some sort of formal pension stream. So I learned something - a hearty thanks to Iceman!

Anyway, I'll give Centrelink another call next week about pension residency and portability, speak to the actual pension people this time, and post here what they say.

This is the Dept of Human Services 'portability' page btw - you can see the history of tightening the screws. Which is why I am planning on not getting any pension out of the bastards in 12 years time. https://www.dss.gov.au/about-the-dep...pport-payments
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Old 09-12-2016, 06:02 AM   #28 (permalink)
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Quote:
Originally Posted by jamescollister View Post
Came back to Victoria 2 weeks ago and am over the place already, centerlink is a coin toss.
They have few fixed rules by the sound of it, all case by case, first no way would they except, I, kids or wife are classed as residents, wife had to pay for a resident return visa as she has PR, but that doesn't count.

All I was really after was medicare, card had expired, have a eye problem that needs monitored and treatments at times, so explain, no treatment, if needed, looking at disability or sickness benefits in the end.

Medicare number issued and I'm off for the free test, the word free was a bit misleading.
I need a OCT scan, not covered by medicare, $60 cost, Thailand private eye hospital $25.
Test, eyes are good for now, but I should go to a retinal specialist, ask is it covered by medicare, payment is covered, but you have to cover the difference between what medicare pays and what the doctor charges, $200 to 300 extra.

No chance of any other assistance until head office processes the application, which must be submitted on line.

Crap weather, beer and cigs out of the world price wise, you can't afford to go out, only cheap stuff is pizza and rut gut wine.

Think we will be heading back to Thailand sooner than planned, wife has got a job massive $14 an hour, wouldn't even cover rent if we stayed for any length of time.

Bright side, rubber price is up and if the Thais don't steal all the money, we'll get about $1000 oz a week until the dormant period.
Welcome home!

You can see things are getting tight. The economy shrank last quarter, so we're just one bad quarter away from a recession. We pissed the resources boom away and now just have the hangover to deal with, along with all the middle-class welfare the idiots introduced at the time.

You had no problem qualifying for Medicare then, even though you were 'non resident'? Aside from having to wait for a new card I mean.

That rot gut wine btw - my wife loves the 'soft white' version of the cleanskin wines from Dan Murphy's (liquor store). It's only about $3 / 80 baht a bottle. Tastes like lolly water to me, but I'm more of a cabernet-merlot drinker.

And you want to research rubber trees while you are "home" - use the local version, you can cut out the middle man.

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Old 09-12-2016, 11:11 AM   #29 (permalink)
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^^

Good info thanks.

I'm fully self funded and expect to get fok all out of Australia pension if I do not return. I will not be returning unless my health goes seriously tits up and this is why I pay into my Private health fund there and retain my house.

Never know EH.

But I will always go back twice a year for 4-6 weeks. Love seeing my good mates, cousins, checking my house and then hitting the road for a great road trip.

I'm finding now that after getting back to Australia I'm usually ready to get the fok out of Perth after 4 weeks. Bolt up to Bali for a few weeks and then up to BKK which I must say is a very happy experience getting back here.

Regards Tax, the tax free threshold on Super funds this year was around 190 K. Once one hits 60 years of age it's tax free. So once I hit 60 next year I can draw the complete wedge out and blow it all at Nana plaza.

That means, Between age 56 when I retired and age 60 I can draw a total amount of 190 K from my Super fund tax free. If I draw over 190 K I must pay 15 % tax on the withdrawal.

After 60 I pay no tax at all on any amount of the withdrawal.

So in my case I have not gone anywhere near the 190 K withdrawal limit so I have never paid any tax and will never pay any Tax on withdrawals on my Super.

Unless they change the law that is.

I must do a annual Tax return every year. Withdrawals from my Super fund is classed as an earning as is my rental income.

Have never had to pay any tax.

So what about the guy who recons he went back to Aussy to sort his pension out, all done and dusted in 7 days ???

Is he bullshitting or what ?

I dunno.
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Old 10-12-2016, 02:07 AM   #30 (permalink)
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^ Dunno Terry, if he's bullshitting or not. I hope not!

Maybe he was lucky, before the rules were tightened. Or he was spending a lot of time in Oz, and was 'resident'. Maybe he transferred over from another type of pension - disability support or something. Kinda annoying when people make these statements and don't give any details eh?

I'll give Centrelink a call one morning during the week, see what I can get out of them.

That 'resident for tax purposes' thing though. I was talking about income like from renting out your place in Oz, not about you Super lump sum. It sounds to me you may be liable for 32.5% on every dollar you get in rent. $30k rent = $10k tax. On your tax return there would be a box to tick if you are / are not resident or something? (I have an accountant do mine while I'm still working, never see the forms.)

Have a read of these:
https://www.ato.gov.au/Individuals/I...ur-tax-return/

https://www.ato.gov.au/Individuals/I...tax-residency/

One of the blokes on the TV thread, in amongst all his bluster, mentioned that he had to sell up in Oz to avoid this 32.5% tax.
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Old 10-12-2016, 09:14 AM   #31 (permalink)
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^

Nope, I declare every cent I earn on my Rental house, remember Deductions come out of the gross rent though. Council rates ETC.....

My withdrawals from my Super are auto reported to the Tax department and Pre-entered when I do my Tax. They know everything already.

I have never had to pay one cent in Tax. I'm under the Limit.

This Tax issue is Governed by what ones yearly income is. If I was earning a shit load of money still I'd need to pay tax for sure.

I just pull a bit of play money out of my Super every 5 months and walk it into Thailand. Maybe 20 K AUD all up. I pay all my stuff by Credit card so need minimal cash.

My rental income just covers my yearly bills in Perth, covers my rent in Thailand and the rest gets banged into my bank in Perth. Not a lot left once I cover the cost of keeping my life in Perth and maintaining stuff in Thailand.

My biggest expense is when I return to Perth, I burn through 1 K AUD a week very easily but I'm living large and not counting. I worked all my life so now is spending time, What ya don't spend will only be left in the bank when ya die.

Further more, When it comes to tax issues the Self funded retiree is in a different boat than Johnny Punter.

Anyway, if I live to be 67 I will be fronting up to Centrelink in Perth to see if there is any gravy left for me.

Last edited by terry57 : 10-12-2016 at 10:40 AM.
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