The best advice I can give you that is entirely accurate is for you to make a phone call to Centrelink and make an appointment to see a Centrelink Financial Advisor they will examine your financial status and affairs and show you exactly what you can do and what help you have available from Centrelink, I think you will be surprised how helpful they are, they are there to help with the right information.
Everyone getting near to retirement should see an advisor from Centrelink for advice to best set up their affairs to obtain the maximum Government support.
There are also seminars held regularly by Centrelink to help you plan your retirement they are well worth attending and can help you get the right info, rather than from a private advisor who is mainly interested in feathering their own and their companies nest, mostly the big banks.
Cheers
David
I second that Milo. See a Centrelink financial adviser. The disability pension is income and assets tested much the same as the age pension, so you need to get accurate info. I went to see one b4 I even finished up working and it was a very useful interview (without the 90minute wait Centrelink usually provides at all appointments)
Cheers
-- Edited by The dog lady on Saturday 31st of August 2013 06:50:13 PM
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Cheers, Marianna.
The more I learn about people, the more I like my dogs (Mark Twain)
Hi guys , not. Sure if this is possible, say I sell my house and buy a camper can or motor home for example , is it possible to invest my money from the house. Ie what's left over and still get the pension (disability) and can you claim caravan park fees as rent??
Still dreaming and thinking out loud and I hope my posts he'll out others too
There is a limit on how much you can have in the bank, and still get the pension. It also depends if you are single or married. If you sell your house , you can have up to 12 months tolook for another property. Centrelink will deem that you get so much in interest, and it will affect your benefit. Have a look at the Centrelink site. It will help. Bill
The best advice I can give you that is entirely accurate is for you to make a phone call to Centrelink and make an appointment to see a Centrelink Financial Advisor they will examine your financial status and affairs and show you exactly what you can do and what help you have available from Centrelink, I think you will be surprised how helpful they are, they are there to help with the right information.
Everyone getting near to retirement should see an advisor from Centrelink for advice to best set up their affairs to obtain the maximum Government support.
There are also seminars held regularly by Centrelink to help you plan your retirement they are well worth attending and can help you get the right info, rather than from a private advisor who is mainly interested in feathering their own and their companies nest, mostly the big banks.
Milo, think long and hard about selling up. Talk to Centrelink as the others have suggested before you do anything. I dont know your age or circunstances but please get advice and dont do anything on a whim. You must think about whether you can buy back in the market if need be.
We looked at the same thing, and can tell you this: you can get DSP while on the road, and can claim park fees as rent, but there MAY be timel imitis i.e. you may have to stay in 1 spot for a period of time to qualify. You just need a postal address to get your Pensino Card sent to.
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The Mobile Madhouse: me (Rosie), him (Troy), a kelpie, a kelpie-dingo, a husky & a rainbow lorikeet.
Hi milo, we went to see the financial advisor you would be suprised at how much you are aloud to have
its quite a bit, well for two it is but yes go see a financial advisor,dont tell them you are travelling at this moment
just go ask about the amount you can have and if you lived in your c/van yes you can claim rent assistance
just keep the receipts if you move on to diff places they dont care, i too am shooting for the disability pension
once we have sold up as we will not have enough to live on otherwise and i am unable to work .
good luck ,they are quite nice if you make an appointment ,some can be grumpy we got a lovely lady
and she helped us a lot printed out paperwork for us and all, As graeme will be going out on a self
funded retiree ,im not old enough to retire and i was born in 61 graeme was born in the year that you
can retire at 55 if you want to.
but because of my leg i can put my half of the money in super and get it straight out due to medical reasons.