Australian Politics Forum - Lotto Winner Loses Access To Pension

greggerypeccary

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Re: Lotto Winner Loses Access To Pension
Reply #180 - Dec 31^st, 2023 at 1:00pm

MeisterEckhart wrote on Dec 31^st, 2023 at 12:48pm:

greggerypeccary wrote on Dec 31^st, 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?

Would be a bit of a struggle.

Anyway, whether it's 2 to 3 years or 10 to 15 years, Centrelink specifically says: "Do NOT include cash you have for shopping and other day to day expenses".

If granddad only has a year to live, and he has a $1,000 a week hooker & blow habit that he pays for with cash, that's fine with Centrelink - they don't wanna know about it.

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

However, if average life expectancy is 83, and let's assume someone gets the pension at 67, that's 16 years to live on the example of $50,000.

Works out to $60 per week for shopping and day to day expenses. Not much.

Based on those figures, I would guess (and it's only a guess) Centrelink wouldn't be worried about anything around $100,000 or less.

That would give the average pensioner $120 cash per week for shopping and day to day expenses ($17 per day).

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John Smith

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Re: Lotto Winner Loses Access To Pension
Reply #181 - Dec 31^st, 2023 at 1:01pm

aquascoot wrote on Dec 31^st, 2023 at 12:57pm:

John Smith wrote on Dec 31^st, 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

Its in that $1000 I deposited for cash jobs that week .

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aquascoot

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Re: Lotto Winner Loses Access To Pension
Reply #182 - Dec 31^st, 2023 at 1:03pm

John Smith wrote on Dec 31^st, 2023 at 1:01pm:

aquascoot wrote on Dec 31^st, 2023 at 12:57pm:

John Smith wrote on Dec 31^st, 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

Its in that $1000 I deposited for cash jobs that week .

i'm sure the ATO would buy that Grin

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greggerypeccary

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Re: Lotto Winner Loses Access To Pension
Reply #183 - Dec 31^st, 2023 at 1:04pm

aquascoot wrote on Dec 31^st, 2023 at 12:51pm:

Carl D wrote on Dec 31^st, 2023 at 12:36pm:

aquascoot wrote on Dec 31^st, 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 31^st, 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

Not fraud. Quite the opposite.

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

If they do report the cash they are doing so against the explicit request of the government.

"Do NOT include cash you have for shopping and other day to day expenses".

White flag accepted.

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MeisterEckhart

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Re: Lotto Winner Loses Access To Pension
Reply #184 - Dec 31^st, 2023 at 1:05pm

greggerypeccary wrote on Dec 31^st, 2023 at 1:00pm:

MeisterEckhart wrote on Dec 31^st, 2023 at 12:48pm:

greggerypeccary wrote on Dec 31^st, 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?

Would be a bit of a struggle.

Anyway, whether it's 2 to 3 years or 10 to 15 years, Centrelink specifically says: "Do NOT include cash you have for shopping and other day to day expenses".

If granddad only has a year to live, and he has a $1,000 a week hooker & blow habit that he pays for with cash, that's fine with Centrelink - they don't wanna know about it.

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

However, if average life expectancy is 83, and let's assume someone gets the pension at 67, that's 16 years to live on the example of $50,000.

Works out to $60 per week for shopping and day to day expenses. Not much.

Based on those figures, I would guess (and it's only a guess) Centrelink wouldn't be worried about anything around $100,000 or less.

That would give the average pensioner $120 cash per week for shopping and day to day expenses ($17 per day).

This is why your bush lawyering is a danger to yourself and others.

Pensions are paid to ensure people can survive, not thrive.

If a prospective pensioner can maintain themselves through their cash reserves, then generally speaking they do not require a pension until they can't.

With $50K, a person without debt could support themselves for at least 2 years.

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greggerypeccary

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Re: Lotto Winner Loses Access To Pension
Reply #185 - Dec 31^st, 2023 at 1:06pm

MeisterEckhart wrote on Dec 31^st, 2023 at 1:05pm:

greggerypeccary wrote on Dec 31^st, 2023 at 1:00pm:

MeisterEckhart wrote on Dec 31^st, 2023 at 12:48pm:

greggerypeccary wrote on Dec 31^st, 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?

Would be a bit of a struggle.

Anyway, whether it's 2 to 3 years or 10 to 15 years, Centrelink specifically says: "Do NOT include cash you have for shopping and other day to day expenses".

If granddad only has a year to live, and he has a $1,000 a week hooker & blow habit that he pays for with cash, that's fine with Centrelink - they don't wanna know about it.

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

However, if average life expectancy is 83, and let's assume someone gets the pension at 67, that's 16 years to live on the example of $50,000.

Works out to $60 per week for shopping and day to day expenses. Not much.

Based on those figures, I would guess (and it's only a guess) Centrelink wouldn't be worried about anything around $100,000 or less.

That would give the average pensioner $120 cash per week for shopping and day to day expenses ($17 per day).

This is why your bush lawyering is a danger to yourself and others.

Pensions are paid to ensure people can survive, not thrive.

If a prospective pensioner can maintain themselves through their cash reserves, then generally speaking they do not require a pension until they can't.

With $50K, a person without debt could support themselves for at least 2 years.

Couldn't be any clearer:

"Do NOT include cash you have for shopping and other day to day expenses".

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John Smith

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Re: Lotto Winner Loses Access To Pension
Reply #186 - Dec 31^st, 2023 at 1:10pm

aquascoot wrote on Dec 31^st, 2023 at 1:03pm:

John Smith wrote on Dec 31^st, 2023 at 1:01pm:

aquascoot wrote on Dec 31^st, 2023 at 12:57pm:

John Smith wrote on Dec 31^st, 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

Its in that $1000 I deposited for cash jobs that week .

i'm sure the ATO would buy that Grin

What they 'buy' is irrelevant, it's what they can prove that's important. If your answer is reasonable, they have no choice but accept it. If they want to prove you are lying that's up to them to figure out

See, I knew you lied about the old lady. Why do you feel you need to lie?

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I hope that bitch who was running their brothels for them gets raped with a cactus.

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Grappler Racist Filth Gold Member Offline Australian Politics Posts: 90436 Proud Old White Australian Man Gender:	Re: Lotto Winner Loses Access To Pension Reply #187 - Dec 31^st, 2023 at 1:12pm Lotto etc wins into a family trust ... ME????? I don't get anything!!
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aquascoot

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Re: Lotto Winner Loses Access To Pension
Reply #188 - Dec 31^st, 2023 at 1:15pm

John Smith wrote on Dec 31^st, 2023 at 1:10pm:

aquascoot wrote on Dec 31^st, 2023 at 1:03pm:

John Smith wrote on Dec 31^st, 2023 at 1:01pm:

aquascoot wrote on Dec 31^st, 2023 at 12:57pm:

John Smith wrote on Dec 31^st, 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

Its in that $1000 I deposited for cash jobs that week .

i'm sure the ATO would buy that Grin

What they 'buy' is irrelevant, it's what they can prove that's important. If your answer is reasonable, they have no choice but accept it. If they want to prove you are lying that's up to them to figure out

See, I knew you lied about the old lady. Why do you feel you need to lie?

hi thick as

they get mrs blogs to pay a tradie 200 dollars cash on 31/12/2023

they wait 2 years til trqadie has filed

they conduct an audit

show us the receipt for this job and show us the entry for the 20 gst for the 31/12/2023 for a job you did at mts blogs

you do realise you have to account for your cash deposits, and you have to pay your gst.

you cant just make a guesstimate

thank god you have been on welfare all your life. you would be in jail if you tried to operate a business Roll Eyes

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aquascoot

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Re: Lotto Winner Loses Access To Pension
Reply #189 - Dec 31^st, 2023 at 1:18pm

greggerypeccary wrote on Dec 31^st, 2023 at 1:04pm:

aquascoot wrote on Dec 31^st, 2023 at 12:51pm:

Carl D wrote on Dec 31^st, 2023 at 12:36pm:

aquascoot wrote on Dec 31^st, 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 31^st, 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

Not fraud. Quite the opposite.

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

If they do report the cash they are doing so against the explicit request of the government.

"Do NOT include cash you have for shopping and other day to day expenses".

White flag accepted.

as per the services autralia website

you MUST tell us if you have assets over 2000 dollars that are not recorded already

so 2 grand under the mattress may be ok

anymore is welfare fraud

white flag accepted

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greggerypeccary

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Re: Lotto Winner Loses Access To Pension
Reply #190 - Dec 31^st, 2023 at 1:19pm

MeisterEckhart wrote on Dec 31^st, 2023 at 1:05pm:

greggerypeccary wrote on Dec 31^st, 2023 at 1:00pm:

MeisterEckhart wrote on Dec 31^st, 2023 at 12:48pm:

greggerypeccary wrote on Dec 31^st, 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?

Would be a bit of a struggle.

Anyway, whether it's 2 to 3 years or 10 to 15 years, Centrelink specifically says: "Do NOT include cash you have for shopping and other day to day expenses".

If granddad only has a year to live, and he has a $1,000 a week hooker & blow habit that he pays for with cash, that's fine with Centrelink - they don't wanna know about it.

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

However, if average life expectancy is 83, and let's assume someone gets the pension at 67, that's 16 years to live on the example of $50,000.

Works out to $60 per week for shopping and day to day expenses. Not much.

Based on those figures, I would guess (and it's only a guess) Centrelink wouldn't be worried about anything around $100,000 or less.

That would give the average pensioner $120 cash per week for shopping and day to day expenses ($17 per day).

This is why your bush lawyering is a danger to yourself and others.

No lawyering needed - bush, city, or otherwise.

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

The form does not set a limit on how much cash, how long the cash has to last for, or what it can or cannot be used for.

Just a very vague "shopping and other day to day expenses".

Grandpa can shop for Viagra and Cuban cigars every day of the week, and get hookers to visit him at home daily - as a day to day expense - and pay for it all with cash.

Now, that's gonna get expensive for poor old grandpa so he's gonna need at least $100K under his (well-worn) mattress if he plans to live for another couple of years.

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John Smith

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Re: Lotto Winner Loses Access To Pension
Reply #191 - Dec 31^st, 2023 at 1:21pm

Quote:

show us the receipt for this job and show us the entry for the 20 gst for the 31/12/2023 for a job you did at mts blogs

I don't recall doing a job on that particular day. Can you prove I was there? Can you prove I was paid cash and can you prove I was paid on that same day?

The gst is with the gst included in the rest of the $1000 I deposited that week for cash jobs

I don't believe you own any businesses horseboy, you don't even understand how the tax office works

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greggerypeccary

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Re: Lotto Winner Loses Access To Pension
Reply #192 - Dec 31^st, 2023 at 1:22pm

John Smith wrote on Dec 31^st, 2023 at 1:21pm:

Quote:

show us the receipt for this job and show us the entry for the 20 gst for the 31/12/2023 for a job you did at mts blogs

I don't recall doing a job on that particular day. Can you prove I was there? Can you prove I was paid cash and can you prove I was paid on that same day?

The gst is with the gst included in the rest of the $1000 I deposited that week for cash jobs

I don't believe you own any businesses horseboy, you don't even understand how the tax office works

Is that an oxymoron? Wink

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John Smith

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Re: Lotto Winner Loses Access To Pension
Reply #193 - Dec 31^st, 2023 at 1:25pm

greggerypeccary wrote on Dec 31^st, 2023 at 1:22pm:

John Smith wrote on Dec 31^st, 2023 at 1:21pm:

Quote:

show us the receipt for this job and show us the entry for the 20 gst for the 31/12/2023 for a job you did at mts blogs

I don't recall doing a job on that particular day. Can you prove I was there? Can you prove I was paid cash and can you prove I was paid on that same day?

The gst is with the gst included in the rest of the $1000 I deposited that week for cash jobs

I don't believe you own any businesses horseboy, you don't even understand how the tax office works

Is that an oxymoron? Wink

Actually Greg, I've always found the tax office one off the better run government departments. I'd rather phone them a dozen times than phone the department of social security once.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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lee Gold Member Offline Australian Politics Posts: 21144 Gender:	Re: Lotto Winner Loses Access To Pension Reply #194 - Dec 31^st, 2023 at 1:35pm JC Denton wrote on Dec 30^th, 2023 at 10:05pm: U would know hey? Yeah. Property is an asset. The same as money, shares, debentures etc.
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