Hi all...looking for an accountant who can advise us competently on the wrinkles of leasing our home for a few years. our home and a bit of Super and a caravan and tug are our assets. We went to an accountant today...recommended by our possible property manager and he stumbled and bumbled his way thru the Centrelink implications of rental income and how it affects our Pension. Is anyone using an Accountant who actually knows how it affects the pension now and in years to come. We prefer to do it legally than do it under the counter and not declare it. Cheers Gerry and Anne
Does not matter what any accountant tells you. The final decision is centerlinks so start with them. They are the only ones who will give you the correct answer.
Your need a financial planner, not advisor. The planner will have knowledge of everything you require and will handle all the paperwork and contact with Centrelink. It will cost, but well worth it (we did this). Have a look in Mondays West Australian, there are a few very good financial planners that write articles
Listen to those that advise you to go to a Centrelink Financial Advisor and it's free.
If you then want to spend money on further advice go for it it's your money and it will help someone else get rich on your hard earned cash.
Also an accountant can't give you financial advice unless they have a financial planners liscense.
Cheers
David
A perth radio station promotes ua financial adviser.........he even gives stock market reports.......if your filthy rich he is interested but if your borderline...read dirt poor he is not remotely interested.......thank goodness it was an free first up hour.
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Hi all...looking for an accountant who can advise us competently on the wrinkles of leasing our home for a few years. our home and a bit of Super and a caravan and tug are our assets. We went to an accountant today...recommended by our possible property manager and he stumbled and bumbled his way thru the Centrelink implications of rental income and how it affects our Pension. Is anyone using an Accountant who actually knows how it affects the pension now and in years to come. We prefer to do it legally than do it under the counter and not declare it. Cheers Gerry and Anne
After years (since the old CES days) of working with Centrelink and for Centrelink clients I can tell you the ONLY place to get good advice is from Centrelink. Make an appt to see a Centrelink financial advisor and get the correct info from the source. I have seen a LOT of people end up in deep doo doo through following the advice of people who think they know how Centrelink works.
