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Lotto Winner Loses Access To Pension (Read 19733 times)
MeisterEckhart
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Re: Lotto Winner Loses Access To Pension
Reply #165 - Dec 31st, 2023 at 12:30pm  
greggerypeccary wrote on Dec 31st, 2023 at 12:28pm:
MeisterEckhart wrote on Dec 31st, 2023 at 12:26pm:
greggerypeccary wrote on Dec 31st, 2023 at 12:21pm:
MeisterEckhart wrote on Dec 31st, 2023 at 12:19pm:
greggerypeccary wrote on Dec 31st, 2023 at 12:14pm:
MeisterEckhart wrote on Dec 31st, 2023 at 12:12pm:
greggerypeccary wrote on Dec 31st, 2023 at 12:03pm:
MeisterEckhart wrote on Dec 31st, 2023 at 12:01pm:
greggerypeccary wrote on Dec 31st, 2023 at 11:59am:
MeisterEckhart wrote on Dec 31st, 2023 at 11:56am:
greggerypeccary wrote on Dec 31st, 2023 at 11:52am:
My mother keeps about $40,000 - $50,000 cash on hand for shopping and other day to day expenses so, if she was applying for the pension today (and filling in that form), she wouldn't have to declare that money.

They tell her specifically NOT to.

Now you're heading towards reality and what Centrelink determines is a reasonable amount of cash on hand for shopping and other day-to-day expenses.



And that amount is ... ???

Whatever Centrelink determines it is.

If they find out you have $50K and decide that is unreasonable, they could withhold your pension and leave it to you to explain.


You really aren't paying attention.

The form specifically says: "Do NOT include cash you have for shopping and other day to day expenses".

So how would they find out how much cash anyone has on hand?

Are we back to the "Midnight Mattress Squad"?


You have no idea of the latitude that is given, under acts and regulations, to administrative departments.

How Centrelink comes to know about your cash holdings is one thing...


And that was the question.

So ... ???

Moreover, spending $50,000 a year on shopping and day to day expenses seems quite conservative.

I'm quite sure that I spend much more than that.


Are you eating Russian caviar, and buying/selling cars for cash?


$961 a week for shopping and day to day expenses is not extravagant.

Not even close.

Rent alone will set someone back at least $400.


List the expenses (excluding debt like mortgage and credit cards) that would top out at $1K per week.


Lets assume that the average pensioner will live for another ten years once they start receiving the pension.  Quite reasonable.

If they have $50,000 under their mattress, that's only gonna leave them with $96 per week for shopping and other day to day expenses.

Do they have a right to a pension while they can support themselves for at least 2-3 years?
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Carl D
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Re: Lotto Winner Loses Access To Pension
Reply #166 - Dec 31st, 2023 at 12:30pm  
aquascoot wrote on Dec 31st, 2023 at 11:03am:
clearly cash is a financial asset

gweggy and carl are welfare frauds

they are thieves and criminals

disgraceful selfish entitled stuff



https://www.servicesaustralia.gov.au/asset-types?context=22526


Where did Carl say I was hiding cash or committing welfare fraud?

I don't get a cent from Centrelink at the moment. I haven't had any money from Centrelink since the mid 1980's when I was unemployed for several years (it was known as the Department of Social Security back then).

I didn't even bother renewing my Low Income Health Card last month (which I have been entitled to, by the way) because I will be applying for the age pension in about 6 months time.

So, please show me the proof that I am a thief and a criminal.

I'll wait.

(By the way - you're still an idiot).
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aquascoot
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Re: Lotto Winner Loses Access To Pension
Reply #167 - Dec 31st, 2023 at 12:33pm  
Carl D wrote on Dec 31st, 2023 at 12:30pm:
aquascoot wrote on Dec 31st, 2023 at 11:03am:
clearly cash is a financial asset

gweggy and carl are welfare frauds

they are thieves and criminals

disgraceful selfish entitled stuff



https://www.servicesaustralia.gov.au/asset-types?context=22526


Where did Carl say I was hiding cash or committing welfare fraud?

I don't get a cent from Centrelink at the moment. I haven't had any money from Centrelink since the mid 1980's when I was unemployed for several years (it was known as the Department of Social Security back then).

I didn't even bother renewing my Low Income Health Card last month (which I have been entitled to, by the way) because I will be applying for the age pension in about 6 months time.

So, please show me the proof that I am a thief and a criminal.

I'll wait.

(By the way - you're still an idiot).


hi carl

you said my son would be an idiot for declaring cashies

classic taker mentality

do you agree pensioners have a duty to declare any cash they have as an asset
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greggerypeccary
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Re: Lotto Winner Loses Access To Pension
Reply #168 - Dec 31st, 2023 at 12:36pm  
MeisterEckhart wrote on Dec 31st, 2023 at 12:30pm:
greggerypeccary wrote on Dec 31st, 2023 at 12:28pm:
MeisterEckhart wrote on Dec 31st, 2023 at 12:26pm:
greggerypeccary wrote on Dec 31st, 2023 at 12:21pm:
MeisterEckhart wrote on Dec 31st, 2023 at 12:19pm:
greggerypeccary wrote on Dec 31st, 2023 at 12:14pm:
MeisterEckhart wrote on Dec 31st, 2023 at 12:12pm:
greggerypeccary wrote on Dec 31st, 2023 at 12:03pm:
MeisterEckhart wrote on Dec 31st, 2023 at 12:01pm:
greggerypeccary wrote on Dec 31st, 2023 at 11:59am:
MeisterEckhart wrote on Dec 31st, 2023 at 11:56am:
greggerypeccary wrote on Dec 31st, 2023 at 11:52am:
My mother keeps about $40,000 - $50,000 cash on hand for shopping and other day to day expenses so, if she was applying for the pension today (and filling in that form), she wouldn't have to declare that money.

They tell her specifically NOT to.

Now you're heading towards reality and what Centrelink determines is a reasonable amount of cash on hand for shopping and other day-to-day expenses.



And that amount is ... ???

Whatever Centrelink determines it is.

If they find out you have $50K and decide that is unreasonable, they could withhold your pension and leave it to you to explain.


You really aren't paying attention.

The form specifically says: "Do NOT include cash you have for shopping and other day to day expenses".

So how would they find out how much cash anyone has on hand?

Are we back to the "Midnight Mattress Squad"?


You have no idea of the latitude that is given, under acts and regulations, to administrative departments.

How Centrelink comes to know about your cash holdings is one thing...


And that was the question.

So ... ???

Moreover, spending $50,000 a year on shopping and day to day expenses seems quite conservative.

I'm quite sure that I spend much more than that.


Are you eating Russian caviar, and buying/selling cars for cash?


$961 a week for shopping and day to day expenses is not extravagant.

Not even close.

Rent alone will set someone back at least $400.


List the expenses (excluding debt like mortgage and credit cards) that would top out at $1K per week.


Lets assume that the average pensioner will live for another ten years once they start receiving the pension.  Quite reasonable.

If they have $50,000 under their mattress, that's only gonna leave them with $96 per week for shopping and other day to day expenses.

Do they have a right to a pension while they can support themselves for at least 2-3 years?


Nobody could support themselves on $96 per week.

Moreover, Centrelink specifically says NOT to declare that money.

So, the answer to your question is 'yes' and it's perfectly legal.

If they live for 15 years (to the age of roughly *82), they'll only have $64 per week for shopping and day to day expenses.



*The life expectancy for Australia in 2022 was 83.79 years, a 0.18% increase from 2021.
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Carl D
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Re: Lotto Winner Loses Access To Pension
Reply #169 - Dec 31st, 2023 at 12:36pm  
aquascoot wrote on Dec 31st, 2023 at 12:33pm:
hi carl

you said my son would be an idiot for declaring cashies

classic taker mentality

do you agree pensioners have a duty to declare any cash they have as an asset



Carl D wrote on Dec 31st, 2023 at 12:30pm:
Where did Carl say I was hiding cash or committing welfare fraud?

I don't get a cent from Centrelink at the moment. I haven't had any money from Centrelink since the mid 1980's when I was unemployed for several years (it was known as the Department of Social Security back then).

I didn't even bother renewing my Low Income Health Card last month (which I have been entitled to, by the way) because I will be applying for the age pension in about 6 months time.

So, please show me the proof that I am a thief and a criminal.

I'll wait.

(By the way - you're still an idiot).


Still waiting...
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greggerypeccary
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Re: Lotto Winner Loses Access To Pension
Reply #170 - Dec 31st, 2023 at 12:37pm  
aquascoot wrote on Dec 31st, 2023 at 12:33pm:
Carl D wrote on Dec 31st, 2023 at 12:30pm:
aquascoot wrote on Dec 31st, 2023 at 11:03am:
clearly cash is a financial asset

gweggy and carl are welfare frauds

they are thieves and criminals

disgraceful selfish entitled stuff



https://www.servicesaustralia.gov.au/asset-types?context=22526


Where did Carl say I was hiding cash or committing welfare fraud?

I don't get a cent from Centrelink at the moment. I haven't had any money from Centrelink since the mid 1980's when I was unemployed for several years (it was known as the Department of Social Security back then).

I didn't even bother renewing my Low Income Health Card last month (which I have been entitled to, by the way) because I will be applying for the age pension in about 6 months time.

So, please show me the proof that I am a thief and a criminal.

I'll wait.

(By the way - you're still an idiot).


hi carl

you said my son would be an idiot for declaring cashies

classic taker mentality

do you agree pensioners have a duty to declare any cash they have as an asset


Centrelink doesn't agree.

The official form specifically says: "Do NOT include cash you have for shopping and other day to day expenses".
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aquascoot
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Re: Lotto Winner Loses Access To Pension
Reply #171 - Dec 31st, 2023 at 12:45pm  
greggerypeccary wrote on Dec 31st, 2023 at 11:12am:
MeisterEckhart wrote on Dec 31st, 2023 at 11:11am:
greggerypeccary wrote on Dec 31st, 2023 at 11:07am:
Which section on the official Centrelink assets form, to be signed by the applicant, asks for cash to be declared?

https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f....

Just give us the number.

You're the sort of bush lawyer who gets the naive into a lot of sh!t.


Which section on the official Centrelink assets form, to be signed by the applicant, asks for cash to be declared?

https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f....

Just give us the number.



youre getting desperate now gweggy

i assure you, the cash economy is not immune from the scrutiny of centrelink, the tax department and the child support agency

you are naive beyond belief, or more likely a liar.

i know a business guy who was audited

they asked him to show where the cash came for multiple things in his possession.

we even had a politician get into grief for a bottle of expensive wine they had in their possession ( i forget who)
their powers are broad ranging

if , for example, your parents never got money out of the bank for groceries and had groceries , the auditors could ask  "how"

if someone tipped them off, you would be surprised how cunning they are.

as for my son the electrician

an old lady we know is actually paid by the ATO to get tradies out to do little jobs (fix a leaky tap, change a light bulb)  she pays cash and doesnt ask for a reciept. after a couple of years, the tax department pull the trap.  and they come down on them like a ton of bricks.  massive fines.

i have told my son to NEVER do a cashie
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MeisterEckhart
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Re: Lotto Winner Loses Access To Pension
Reply #172 - Dec 31st, 2023 at 12:48pm  
greggerypeccary wrote on Dec 31st, 2023 at 12:36pm:
Nobody could support themselves on $96 per week.

Moreover, Centrelink specifically says NOT to declare that money.

So, the answer to your question is 'yes' and it's perfectly legal.

If they live for 15 years (to the age of roughly *82), they'll only have $64 per week for shopping and day to day expenses.

*The life expectancy for Australia in 2022 was 83.79 years, a 0.18% increase from 2021.

Could they support themselves for 2 to 3 years with $50K?
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John Smith
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Re: Lotto Winner Loses Access To Pension
Reply #173 - Dec 31st, 2023 at 12:48pm  
I wasn't aware the tax office audited pensioners! Does that happen often?
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aquascoot
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Re: Lotto Winner Loses Access To Pension
Reply #174 - Dec 31st, 2023 at 12:51pm  
Carl D wrote on Dec 31st, 2023 at 12:36pm:
aquascoot wrote on Dec 31st, 2023 at 12:33pm:
hi carl

you said my son would be an idiot for declaring cashies

classic taker mentality

do you agree pensioners have a duty to declare any cash they have as an asset



Carl D wrote on Dec 31st, 2023 at 12:30pm:
Where did Carl say I was hiding cash or committing welfare fraud?

I don't get a cent from Centrelink at the moment. I haven't had any money from Centrelink since the mid 1980's when I was unemployed for several years (it was known as the Department of Social Security back then).

I didn't even bother renewing my Low Income Health Card last month (which I have been entitled to, by the way) because I will be applying for the age pension in about 6 months time.

So, please show me the proof that I am a thief and a criminal.

I'll wait.

(By the way - you're still an idiot).


Still waiting...


you supported gweggys position that pensioners should hide money

you support welfare fraud

dont come the raw prawn

as for gweggys saying you can have cash for groceries, that doesnt mean you can keep a stash under the mattress to avoid tripping the assets test rules

grow up
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John Smith
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Re: Lotto Winner Loses Access To Pension
Reply #175 - Dec 31st, 2023 at 12:53pm  
Quote:
an old lady we know is actually paid by the ATO to get tradies out to do little jobs (fix a leaky tap, change a light bulb)  she pays cash and doesnt ask for a reciept. after a couple of years, the tax department pull the trap.  and they come down on them like a ton of bricks.  massive fines.


I'm calling bullshit.  'After a couple of years' how do the tax office prove one of the hundreds if not thousands of deposits over the 2 years, didn't include her cash? Roll Eyes
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aquascoot
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Re: Lotto Winner Loses Access To Pension
Reply #176 - Dec 31st, 2023 at 12:55pm  
John Smith wrote on Dec 31st, 2023 at 12:48pm:
I wasn't aware the tax office audited pensioners! Does that happen often?



youre kidding

the ATO dont audit pensioners?

they can just claim government money whenever they please.


they send out teams to investigate carers pensions, they check single mothers pensioners bedroom drawers for male underwear.
you guys are living under a rock

if you want to sleep soundly at night  DO NOT rip off the ATO (and by extension your fellow citizens )
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aquascoot
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Re: Lotto Winner Loses Access To Pension
Reply #177 - Dec 31st, 2023 at 12:57pm  
John Smith wrote on Dec 31st, 2023 at 12:53pm:
Quote:
an old lady we know is actually paid by the ATO to get tradies out to do little jobs (fix a leaky tap, change a light bulb)  she pays cash and doesnt ask for a reciept. after a couple of years, the tax department pull the trap.  and they come down on them like a ton of bricks.  massive fines.


I'm calling bullshit.  'After a couple of years' how do the tax office prove one of the hundreds if not thousands of deposits over the 2 years, didn't include her cash? Roll Eyes





rubbish

company recors have to be kept for 7 years.

they can say "show us the cash deposit of $150 for the job done at mrs blogs on the 1/6/2021?"

they pull out his quick books or myob and its not there

busted
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John Smith
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Re: Lotto Winner Loses Access To Pension
Reply #178 - Dec 31st, 2023 at 12:59pm  
aquascoot wrote on Dec 31st, 2023 at 12:55pm:
John Smith wrote on Dec 31st, 2023 at 12:48pm:
I wasn't aware the tax office audited pensioners! Does that happen often?



youre kidding

the ATO dont audit pensioners?

they can just claim government money whenever they please.




No.
Now can you show where the ato ever audited a pensioner?
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Our esteemed leader:
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MeisterEckhart
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Re: Lotto Winner Loses Access To Pension
Reply #179 - Dec 31st, 2023 at 1:00pm  
greggerypeccary wrote on Dec 31st, 2023 at 12:37pm:
aquascoot wrote on Dec 31st, 2023 at 12:33pm:
Carl D wrote on Dec 31st, 2023 at 12:30pm:
aquascoot wrote on Dec 31st, 2023 at 11:03am:
clearly cash is a financial asset

gweggy and carl are welfare frauds

they are thieves and criminals

disgraceful selfish entitled stuff



https://www.servicesaustralia.gov.au/asset-types?context=22526


Where did Carl say I was hiding cash or committing welfare fraud?

I don't get a cent from Centrelink at the moment. I haven't had any money from Centrelink since the mid 1980's when I was unemployed for several years (it was known as the Department of Social Security back then).

I didn't even bother renewing my Low Income Health Card last month (which I have been entitled to, by the way) because I will be applying for the age pension in about 6 months time.

So, please show me the proof that I am a thief and a criminal.

I'll wait.

(By the way - you're still an idiot).


hi carl

you said my son would be an idiot for declaring cashies

classic taker mentality

do you agree pensioners have a duty to declare any cash they have as an asset


Centrelink doesn't agree.

The official form specifically says: "Do NOT include cash you have for shopping and other day to day expenses".

Administrative departments are given latitude to interpret acts and regulations.

One year, reasonable cash reserves, in their opinion might be, say $10K, another it might be $15K.

What is the clincher with government payments is that the agency determines what is reasonable, not the recipient.
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