Why is the pension in this country so antiquated compared to the nz one....65 year olds throw their hat in air and have a great time living life and doing whatever they wish.....they can gift and help their family members with paying off their house, debts whatever without losing their well earned pension . Over here as you point out they are penalised if the gift to any one.....they can work on as well as pick up the pension.......what's the go. I hear so often how great it is in this country yet if one partner dies the surviving person will almost certainly become self funded because of their accumulated assets......Please explain.......this is not the first time l have asked this question only to receive NO answer...after all we are or were told this surposed to be the lucky country

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Hi Paul

I am now 75 years old and cannot do any salary sacrifice. I can't even do it after I receive my pay. I am not sure what they call it. The Govt wants us to keep working yet I can't put any money in. I don't have much super and I don't own any property so how do I look after myself when I finally stop working. Please advise I have some shares and have seen some information on investing in EFTs. Again please advise. Thanking you in advance. Kathleen

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Gday Paul

After the sale of our house do we have to provide evidence to centrelink what we spend our money on if we go on a spending spree for age pension cut off purposes.

Thankyou and all the best

Will power

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I hope you get answer to thisurstion. I've worked pretty hard on Australia since 🛬 hg here in 1986. My husband & I took on a franchise, and even after I received serious injuries for a whiplash accident & he had a heart attack, we still worked. Oftena12 hour day & morf. However, I lost my husband 5 years ago, he was only 72, and I am.biw 73,and cannot cope with the house & land we took in,due to injuries received in. 3 major car accidents. However, my grand-daughter wants me to move in with her family, and doesn't want anything for doing so. So, much as I would like to help my daughter & .y grand & great grandchildren, it looks A though no.mattr how hard I worked,someone else is going to tell me what I can do with my own money. I too think that disgusting & would love to hear of some way that I can pay my own way without it affecting my pension & seen as a gift, or they are taxed on receiving it? You're so right that the UK & NZ have got the right idea, and it's pretty appalling how far behind the Government are here in Australia. Is there really no way I can protect my money from being taxed, again, if I decide at anytime to share some with my close & dear relatives.. It is very wrong. 😥🤬

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So Will did you end up going on that spending spree? When it comes to Centrelink they want to know every little detail. They even ask you if you've got $ in your pocket because you know that's an asset even if it's $2. This government is a disgrace.

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