How are lifetime pensions such as SASS assessed for the CSHC? My PAYG states a taxed element of $23,915 and deductible amount of $7,232. I am over 65 years old.
Q&As
Q&As: How will super affect my Disability Support Pension and other benefits?
Sheena Stow-Smith from PensionHelp answers reader questions how super affects Disability Support. Q: I am about to turn 60 on the 2nd of December and have been unemployed for over 10 years. Can I access my super and still receive unemployment benefits without having to pay tax? A: Generally yes, but you may need to […]
Q&As: Buying or selling the family home and the Age Pension
Sheena Stow-Smith from PensionHelp answers reader questions about the impact on Age Pension entitlements of buying or selling the family home.
Q&As: Minimum drawdowns and Age Pension entitlements
Sheena Stow-Smith from PensionHelp answers reader questions how minimum drawdowns impact Age Pension entitlements. Q: My question is in relation to the Age Pension entitlement amount for my parents. My parents’ minimum drawdown amount from their super pension was 7% per year, now it’s dropped to 3.5%. Does this affect the amount of Age Pension […]
Q&As: Super pensions and the Commonwealth Seniors Health Card (CSHC)
Sheena Stow-Smith from PensionHelp answers reader questions about super pensions and the Commonwealth Seniors Health Card. Q: I commenced my compulsory pension drawdown in my SMSF in 2012. I couldn’t apply for a Commonwealth Seniors health Card at that date as I hadn’t reached the official retirement age at that time. My birth date is […]