The 35 year thing is not about getting the pension.Tingtong;212889 said:What I dont get is, if you can only get the pension if you have been a Aust resident for 30/35 yrs. Why is there a steady stream of Chinese and other obvious foreigners of pension age walking in and out of the Dole offices here.
When I say obvious they are the ones who are the desk with a Interpreter doing the talking for them. I would think after 30 plus years here you could at least speak basic English
The number of years is part of the calculation as to how much OAP any person gets.Norabunga;212923 said:The 35 year thing is not about getting the pension.
It's about getting the pension whilst living OVERSEAS.
Well obviously I was infering you being of working age 16, we don't have kids down the coal mine these daysNorabunga;212869 said:This is still the case. Nothing to do with actually working or paying tax.
JC is mistaken saying the qualifying period can be at any time of your life.
35 years of your "working" life. i.e. that period of your life you are deemed to be of working age (16 +). 0-15 doesn't count.
Yeah -well they could have banked what we paid in - and not reward unmarried mothers for having kids by whoever - part rant over ...justcruzing1;212966 said:Well obviously I was infering you being of working age 16, we don't have kids down the coal mine these days
My point was it doesn't have to be in one stint, as I said you can have gone overseas and worked for years, then come back and it continues to accumulate.
Zab I agree it would be politically silly to change anything to existing but it will be bought in for future pensions, won't be in this budget but it will be.
The report into all social security has recommended everything be bought back to just 5 different types. Already the disability pension has been tightened up, and almost impossible to get one now.
Existing pensioners on disability are being called in to have medicals by the department's specialists to determine if they still qualify. They do say no one will be worse off....yea sure.
I have already said I think it's stupid as it will cost the taxpayers more if everyone moves back. Rental assistance, medicare, pension discounts on power and rego etc. but like I said, their thinking is the majority of future expats will still go and the Gov will save the cost of the pension.
Scott Morrison has been given the portfolio to try and get it reduced, welfare, eats up 60% of the nations budget.
justcruzing1;213505 said:Don't disagree C1 but it's not just the OAP's the attempt by the Gov to reform higher education has to be got thru before any of that.
The medicare co payment doesn't wash now, since they already increased the standard levy by .5% on all taxpayers.
They need to stop large companies from divesting income to offshore parent companies as so called debt repayment, pay the tax then repay the loan.
But we digres.
I think though Nomad our generation (the cusp of defined others) have been educated to plan for a non-governmentally funded twilight years. When I say educated, hinted at, to strongly suggested at best for many in the formative financial years. It is still translational for many of us in our age group. Given today's thinking....That thinking has a dynamic rate that is unsurpassed going forward.Nomad;213504 said:^^^ 555 - not
How about if you didn't work hard enough, or make enough money, or pay enough taxes, or save enough for your future, then you get next to nothing back because you didn't kick in enough along the way...you didn't pay your fair share. And if you did pay a motza in taxes, then you deserve to get some benefit in retirement, and not just be told sell the house you worked and saved so hard for.
Tough? You bet. Fairer, absolutely.