大咖福利影院

Silvercobra wrote:

I am retired and living in the Philippines. My pension is paid into an Australian bank then I transfer to my Philippines bank.
Centrelink can transfer directly to my Philippines bank but I want to know how much will get here.
For example if I send $1000 how much money will arrive in my account.

Perhaps you should speak to others from Oz concerning pensions.聽 It is my understanding that there are some retirement programs which will not pay to you if you do not live in Oz.

bigpearl wrote:

"Perhaps you should speak to others from Oz concerning pensions.聽 It is my understanding that there are some retirement programs which will not pay to you if you do not live in Oz."

Australian retirees that receive the pension from CentreLink and perhaps most superannuation companies can live in any country but with some reduced benefits and conditions as long as they qualify. Unfortunately for me after 45 years of paying copious amounts of tax to secure a decent living standard and educate my children well, I will never see a pension as my assets, income and cash negate any hope of retrieving the promised pension that we were all led to believe would help in our retirement. Mind you the trifling amount that my government offers the workers and builders of Australia is a smack in the face but enough to secure a reasonable life in a third world or developing country, though difficult to survive in Oz is surmountable as many do as the Australian pension is a reasonable amount of bucks in the likes of PH.

Cheers, Steve.

I have two friends who are citizens of Australia and receive no SS benefits because they have saved too much.聽 It is my understanding that if you invest in your home, then it is not counted in when determining if you qualify for the benefits.聽 They worked in the USA, but for less than 10 years so they cannot file in the USA.聽 They are currently taking trip all over the world to reduce their assets so they can start collecting.聽 Sounds like a real challenge.

bigpearl wrote:

"Perhaps you should speak to others from Oz concerning pensions.聽 It is my understanding that there are some retirement programs which will not pay to you if you do not live in Oz."

Australian retirees that receive the pension from CentreLink and perhaps most superannuation companies can live in any country but with some reduced benefits and conditions as long as they qualify. Unfortunately for me after 45 years of paying copious amounts of tax to secure a decent living standard and educate my children well, I will never see a pension as my assets, income and cash negate any hope of retrieving the promised pension that we were all led to believe would help in our retirement. Mind you the trifling amount that my government offers the workers and builders of Australia is a smack in the face but enough to secure a reasonable life in a third world or developing country, though difficult to survive in Oz is surmountable as many do as the Australian pension is a reasonable amount of bucks in the likes of PH.

Cheers, Steve.

Yep assets and income based tests.

But also the starting age of getting the pension, if someone is currently under the pension age they are a non resident of Australia (living in the Philippines, some other countries this does not apply to) they will never get the pension even if there are under the asset and income thresholds.聽 Unless聽 they return and live in Australia for two years, either two years prior to there pension age or any period there after.

mugtech wrote:

bigpearl wrote:

"Perhaps you should speak to others from Oz concerning pensions.聽 It is my understanding that there are some retirement programs which will not pay to you if you do not live in Oz."

Australian retirees that receive the pension from CentreLink and perhaps most superannuation companies can live in any country but with some reduced benefits and conditions as long as they qualify. Unfortunately for me after 45 years of paying copious amounts of tax to secure a decent living standard and educate my children well, I will never see a pension as my assets, income and cash negate any hope of retrieving the promised pension that we were all led to believe would help in our retirement. Mind you the trifling amount that my government offers the workers and builders of Australia is a smack in the face but enough to secure a reasonable life in a third world or developing country, though difficult to survive in Oz is surmountable as many do as the Australian pension is a reasonable amount of bucks in the likes of PH.

Cheers, Steve.

I have two friends who are citizens of Australia and receive no SS benefits because they have saved too much.聽 It is my understanding that if you invest in your home, then it is not counted in when determining if you qualify for the benefits.聽 They worked in the USA, but for less than 10 years so they cannot file in the USA.聽 They are currently taking trip all over the world to reduce their assets so they can start collecting.聽 Sounds like a real challenge.

I certainly won't bother trying to blow my superannuation, assets, cash and other passive incomes to secure a laughable Oz pension. Mind you if ever a pension for me that is still 8 plus years away and I am sure I can grow my/our wealth in that time more fold to never think about a pension, still take holidays and live securely with a lifestyle that was worked for.
The Australian government are cunning, probably like most other countries. for those that have a few bucks and assets and qualify for the Aussie pension then do it, take what is rightfully yours then jump ship to what ever country takes your fancy so you can actually enjoy your retirement years and not wallow in Oz watching TV for lack of funds.

Cheers, Steve.

JOE CLOUGH wrote:

I got payments here in the Philippines and Thailand since 2005...No taxes never....JOE

As a US citizen you are required to file US income tax returns if you earn certain minimal amounts or if on any one day of the year the total value of all of your foreign bank accounts is greater than $10,000.聽 I am sure it is different for Australians.

mugtech wrote:

JOE CLOUGH wrote:

I got payments here in the Philippines and Thailand since 2005...No taxes never....JOE

As a US citizen you are required to file US income tax returns if you earn certain minimal amounts or if on any one day of the year the total value of all of your foreign bank accounts is greater than $10,000.聽 I am sure it is different for Australians.

Fortunately I would never keep more than 10K Oz or US in a Filipino bank. And if greater amounts are needed I would farm them out from My Oz. accounts. Yes Like US citizens we are required to declare foreign assets/income as that is our residential country and one must abide by the rules/law.

Ones partner can earn from memory PHP. 250K per year now in PH. and pay no tax,,,,, get it back every financial year with the new tax regime if they are astute and submit an annual return, good luck with that; but also have to declare foreign income, no different to any other tax aligned countries......... What we do in other areas is up for grabs. Companies, family trusts etc.

Cheers, Steve.