have been in this arrangement for a few years now, best advice is to ring FISO from the Dept of Human Services, the only tax I pay is on my Jobseeker, in which I get back each year, my super payment is tax free, discounted rates, rego, water and energy bills. Dont keep too many assets though that can be tracked by the ATO.

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Hi

My job has changed due to new management. I have health issues and struggle to keep up now. Would like to retire at 62 and pay off mortgage which will clear that debt and stop Interest. Intend on returning to work part-time only. Can I also receive a jobseeker allowance after I pay off my mortgage? I only have basic bills. Rates, petrol, electricity, gas food & petrol. Thanks Michelle

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Be careful if you have worked all your life in a small business sell that small business When you apply for Centrelink Jobseeker They will ask you how much money you have the day AFTER you sold the business Goodbye Jobseeker until you burn up all the money you received from working many years in small business On the day or before you sell your small business Put all of your money is super that is your only recourse I am 64 my husband is 70 due to the sale closure of the small business it will be a very long time and a lot of complexity Before he receives a pension we do not have a lot of super

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