Hi! to everyone we are not far from joining all you nomads on the road we are from Gippsland in Vic. we are trying to decide wether to rent our home out or just lock the door .I would like to know if on age pension getting rent is worth the bother ,if you are not better of financially ,if anyone knows if it is classed as an income or asset also I have been told if we leave our home get rent we are still able to get rent assistance .any advice would be appreciated .
-- Edited by pathfinder2 on Monday 4th of May 2015 12:57:10 PM
-- Edited by pathfinder2 on Tuesday 5th of May 2015 11:52:57 AM
Dodge said
02:21 PM May 4, 2015
Hi Jan n Bill
Welcome to the forum,
We are not on any pension but have decided to sell the house, less hassels with, rates, good tenants, etc,etc, we did look at renting but have been advised that any income from the rent will effect our tax rate if we were to get jobs on the road and went over the tax free freshold, further advised that if the house was left empty for more tham 6 months the insurance company would not pay out on any claim???? There is always something to get in your way.
Sorry can not give any advise on the age pension, but good luck with what you decide.
See you on the road one day
Wayne n Dianne
Dougwe said
03:15 PM May 4, 2015
Welcome to the gang pathfinder2, enjoy here and out in the playground.
I too am not on a Government Pension but a Allocated Super Pension with a Health Care Card. I sold up in South West Gippsland in September 2014 and now my address is "Austalia". If I rented my house out it would be classed as income for sure.
Keep Safe.
-- Edited by Dougwe on Monday 4th of May 2015 04:02:08 PM
pathfinder2 said
03:38 PM May 4, 2015
Thank you ,Wayne n Dianne n Doug ,hope to one day say Hi! in person .our only concern was leaving the property unattended ,we are tossing up wether selling and downsizing is the answer, can't wait to get on the road other than just a few days here and there .Take care stay safe .Bill n jan
-- Edited by pathfinder2 on Monday 4th of May 2015 12:57:10 PM
-- Edited by pathfinder2 on Tuesday 5th of May 2015 11:52:57 AM
Welcome to the forum,
We are not on any pension but have decided to sell the house, less hassels with, rates, good tenants, etc,etc, we did look at renting but have been advised that any income from the rent will effect our tax rate if we were to get jobs on the road and went over the tax free freshold, further advised that if the house was left empty for more tham 6 months the insurance company would not pay out on any claim???? There is always something to get in your way.
Sorry can not give any advise on the age pension, but good luck with what you decide.
See you on the road one day
Wayne n Dianne
Welcome to the gang pathfinder2, enjoy here and out in the playground.
I too am not on a Government Pension but a Allocated Super Pension with a Health Care Card. I sold up in South West Gippsland in September 2014 and now my address is "Austalia". If I rented my house out it would be classed as income for sure.
Keep Safe.
-- Edited by Dougwe on Monday 4th of May 2015 04:02:08 PM