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Post by rowdy on Jul 6, 2012 15:09:49 GMT 7
Thanks for that Rowdy I have looked at the new impairment tables and see no reason why I shouldn't qualify. If we are not willing to stand up for ourselves then we deserve whatever they dish out. I know that the system is corrupt and unjust but we can't just blindly accept whatever they throw at us without a fight. Brian Wilshire 2gb radio host quoting from a placard in Parliament House Canberra ( I think ) " if the law is unjust then resistance is our duty" Getting back to my question in my previous post. Started calling c/l at 3.30pm, phone busy till 4pm, on hold untill 4.50pm to finally speak to someone. The guy at the other end was very helpful and told me that you can have approx. $101,000 before payment gets adjusted but when over approx $44k they deem interest at 3%. For more info you can find tables and asset test for dsp at following website www.humanservices.gov.au/customer/services/centrelink/disability-support-pensionIt is pretty easy to work out. You just have to know how deeming works. On the DSP you can earn up to $152 per fortnight before your DSP is reduced. If you earn more than $1663 per fortnight your DSP will be zero. Therefore between these two figures ($152 to $1663 your DSP will be reduced). Earn under $152 per fortnight it wont be affected. The amount reduced is 50 cents in the dollars for every dollar over $152. If you have money in the bank centrelink will deem you earn a certain rate of interest (whether you do or not). Current deeming rates are $0 to $44,600 = 3% $44,601 and above 4.5% Scenario 1You have $100,000 in the bank. Centrelink will deem you earn $3380 interest per year, or $147 per fortnight. You can earn $152 per fortnight without it effecting your DSP. No reduction. Scenario 2You have $200,000 in the bank. Centrelink will deem you earn $8330 interest per year, or $320 per fortnight. You can earn $152 per fortnight without it effecting your DSP. Every dollar over $152 and you will lose 50 cents in the dollar: 320 - 152 = $168 / 2 = $84 per fortnight reduction.
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Post by Deleted on Jul 6, 2012 16:51:36 GMT 7
I advised c/l international services yesterday that I would I going overseas and would be coming back early September. No problems getting the 13 weeks. I also told her that I want to apply for portability and she asked when I was leaving. I told her I will be applying when I get back from my next trip and didn't have a definite date in mind and that I wanted the forms sent out to me. She then started telling me about the possibility of me losing my dsp if I went ahead with it. I got a little agitated and asked her why is it only now that I want to apply for potability that my disability is in question and why hasn't this been addresses before to which she didn't give me a meaningful reply. I also said that I am not afraid to lose my dsp as I am qualified enough to be on it. She said that the forms will be going to a c/l specialist ( I think she said ) to be assessed or reviewed and then they will be sent to me. I received a letter from c/l today confirming my plans to travel but nothing relating to the forms that I have asked for. I noticed on the list of things to tell c/l within 14 days "if the balance of your financial investments (such as you bank account) changes by more than $2000". Does anyone know what is the amount of money that one can have before their dsp payment is affected ( eg pensioners can have up to 160k or so before their payment is affected ). Also aren't you allowed to have your dsp payment accumulate whilst you are overseas. I borrowed the money from family and will pay them back when I get here. Does that mean that I have to tell c/l after the money goes over $2000 or do I need to somehow keep on withdrawing the money. I might give them a call now and see if I can get through just in case no one knows the answer. I had to go C/L today to advise about monies im getting monthly. It is not income. I was told not to advise C/L until i had another $5000. That is, if you do not have thousands in the bank which would affect you payments. So it depends on who you talk to as what they tell you. No consistency with C/L.
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Post by skeptic on Jul 6, 2012 17:14:53 GMT 7
Thanks for that Rowdy I have looked at the new impairment tables and see no reason why I shouldn't qualify. If we are not willing to stand up for ourselves then we deserve whatever they dish out. I know that the system is corrupt and unjust but we can't just blindly accept whatever they throw at us without a fight. Brian Wilshire 2gb radio host quoting from a placard in Parliament House Canberra ( I think ) " if the law is unjust then resistance is our duty" Getting back to my question in my previous post. Started calling c/l at 3.30pm, phone busy till 4pm, on hold untill 4.50pm to finally speak to someone. The guy at the other end was very helpful and told me that you can have approx. $101,000 before payment gets adjusted but when over approx $44k they deem interest at 3%. For more info you can find tables and asset test for dsp at following website www.humanservices.gov.au/customer/services/centrelink/disability-support-pensionIt is pretty easy to work out. You just have to know how deeming works. On the DSP you can earn up to $152 per fortnight before your DSP is reduced. If you earn more than $1663 per fortnight your DSP will be zero. Therefore between these two figures ($152 to $1663 your DSP will be reduced). Earn under $152 per fortnight it wont be affected. The amount reduced is 50 cents in the dollars for every dollar over $152. If you have money in the bank centrelink will deem you earn a certain rate of interest (whether you do or not). Current deeming rates are $0 to $44,600 = 3% $44,601 and above 4.5% Scenario 1You have $100,000 in the bank. Centrelink will deem you earn $3380 interest per year, or $147 per fortnight. You can earn $152 per fortnight without it effecting your DSP. No reduction. Scenario 2You have $200,000 in the bank. Centrelink will deem you earn $8330 interest per year, or $320 per fortnight. You can earn $152 per fortnight without it effecting your DSP. Every dollar over $152 and you will lose 50 cents in the dollar: 320 - 152 = $168 / 2 = $84 per fortnight reduction. Thanks for that Rowdy very informative.
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Post by skeptic on Jul 6, 2012 17:19:24 GMT 7
I advised c/l international services yesterday that I would I going overseas and would be coming back early September. No problems getting the 13 weeks. I also told her that I want to apply for portability and she asked when I was leaving. I told her I will be applying when I get back from my next trip and didn't have a definite date in mind and that I wanted the forms sent out to me. She then started telling me about the possibility of me losing my dsp if I went ahead with it. I got a little agitated and asked her why is it only now that I want to apply for potability that my disability is in question and why hasn't this been addresses before to which she didn't give me a meaningful reply. I also said that I am not afraid to lose my dsp as I am qualified enough to be on it. She said that the forms will be going to a c/l specialist ( I think she said ) to be assessed or reviewed and then they will be sent to me. I received a letter from c/l today confirming my plans to travel but nothing relating to the forms that I have asked for. I noticed on the list of things to tell c/l within 14 days "if the balance of your financial investments (such as you bank account) changes by more than $2000". Does anyone know what is the amount of money that one can have before their dsp payment is affected ( eg pensioners can have up to 160k or so before their payment is affected ). Also aren't you allowed to have your dsp payment accumulate whilst you are overseas. I borrowed the money from family and will pay them back when I get here. Does that mean that I have to tell c/l after the money goes over $2000 or do I need to somehow keep on withdrawing the money. I might give them a call now and see if I can get through just in case no one knows the answer. I had to go C/L today to advise about monies im getting monthly. It is not income. I was told not to advise C/L until i had another $5000. That is, if you do not have thousands in the bank which would affect you payments. So it depends on who you talk to as what they tell you. No consistency with C/L. I suppose so but I think Rowdy has the information I was after. Judging from memory what Rowdy has written is what I was told earlier on today when I called c/l.
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Post by pete on Dec 19, 2012 9:33:48 GMT 7
How many have got portability and how many have been nocked back ? What's this IOS YOU NEED ABOUT DOCTORS, I HAVE SEEN SO MANY DOCTORS . I don't think the doctor I have been seeing in QLD every three Months will write me a good letter he is to straight to bend the rules. Any hints ,I have herd about this IOS BUT DON'T KNOW WHAT IT IS OR HOW TO GET ONE am in Thailand now dew back Feb .HELP
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Post by Denis-NFA on Dec 19, 2012 11:32:36 GMT 7
pete, I'll play your game.... Whats an IOS? Do you mean www.iosaustralia.com.au/home/ ? I don't think the doctor I have been seeing in QLD every three Months will write me a good letter he is to straight to bend the rules
Maybe I misunderstood what you are implying there.... but understand this.... if you are looking for a doctor who will "bend the rules" and you find one then kindly let me know. Because I will make sure he is scrubbed from practicing as a doctor in Australia. We are about trying to get Centrelink to abide by the actual legislation and to stop interpreting that Legislation in ways that were never intended. If you think this board is about manipulating the system in some underhand manner then I believe you have come to the wrong place! And quite frankly it pisses me to tears whenever I hear about someone defrauding the system because it just makes it harder for the 99.9% who are genuine. I trust that everything is good for you. Have a nice day.
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Post by fedup on Mar 25, 2013 8:15:01 GMT 7
NOW I AM SPEWING CHIPS JUST RECIEVED LETTER SAYING I HAVE BEEN ASSESSED AS BEEN ABLE TO PERFORM SUITALBE LIGHT EMPLOYMENT ON A PART TIME BASIS I HAVE JUST RANG BOTH MY SUPER FUNDS TO HAVE THEM INTERPET THEIR DEFINTION OF TPD AND BOTH ARE (ANY) And one is classed as INVALIDITY en.wikipedia.org/wiki/Total_permanent_disability_insuranceAustralia Total and Permanent Disablement Insurance is designed to provide a lump sum benefit to the life insured in the event of a medically diagnosed event that renders the claimant unable to work again. TPD Insurance is generally used to cover debts and the ongoing living expenses of an individual to reduce the ongoing financial burden of loss of income. There are three main types and definitions of TPD Insurance:[3] Own Occupation TPD - the claimant must be unable to work in their own occupation ever again. Any Occupation TPD - the claimant must be unable to work in their occupation and also any occupation that they are suited to via education, training or experience ever again. Non-Occupational TPD - the claimant must be unable to conduct 2 of 5 activities of daily living. The Own Occupation definition is generally considered to provide the greatest level of protection, with the Non-Occupational TPD requiring the greatest level of disablement before a claim will be considered. TPD Insurance in Australia can be owned and paid for from superannuation accounts. When TPD Insurance is held in Superannuation, the 'Any Occupation' definition is normally offered as the level of disablement required by Superannuation Law is based on 'Any Occupation.' TPD Insurance when taken for personal protection is generally not tax deductible and claim payments are not taxable. When TPD Insurance is held in superannuation however the benefit is generally taxed when paid.[4] The maximum level of cover normally available with one insurer in Australia is generally $3 – $5 million with the oldest entry ages varying between 55 - 62.
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Post by Banker on Mar 25, 2013 17:37:34 GMT 7
NOW I AM SPEWING CHIPS JUST RECIEVED LETTER SAYING I HAVE BEEN ASSESSED AS BEEN ABLE TO PERFORM SUITALBE LIGHT EMPLOYMENT ON A PART TIME BASIS I HAVE JUST RANG BOTH MY SUPER FUNDS TO HAVE THEM INTERPET THEIR DEFINTION OF TPD AND BOTH ARE (ANY) And one is classed as INVALIDITY en.wikipedia.org/wiki/Total_permanent_disability_insuranceAustralia Total and Permanent Disablement Insurance is designed to provide a lump sum benefit to the life insured in the event of a medically diagnosed event that renders the claimant unable to work again. TPD Insurance is generally used to cover debts and the ongoing living expenses of an individual to reduce the ongoing financial burden of loss of income. There are three main types and definitions of TPD Insurance:[3] Own Occupation TPD - the claimant must be unable to work in their own occupation ever again. Any Occupation TPD - the claimant must be unable to work in their occupation and also any occupation that they are suited to via education, training or experience ever again. Non-Occupational TPD - the claimant must be unable to conduct 2 of 5 activities of daily living. The Own Occupation definition is generally considered to provide the greatest level of protection, with the Non-Occupational TPD requiring the greatest level of disablement before a claim will be considered. TPD Insurance in Australia can be owned and paid for from superannuation accounts. When TPD Insurance is held in Superannuation, the 'Any Occupation' definition is normally offered as the level of disablement required by Superannuation Law is based on 'Any Occupation.' TPD Insurance when taken for personal protection is generally not tax deductible and claim payments are not taxable. When TPD Insurance is held in superannuation however the benefit is generally taxed when paid.[4] The maximum level of cover normally available with one insurer in Australia is generally $3 – $5 million with the oldest entry ages varying between 55 - 62. fedup, can you please stop using all caps, its giving me a bloody head ache. Thanks
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Post by fedup on Mar 26, 2013 8:02:56 GMT 7
my eyesigth is playing up
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Post by fedup on Mar 26, 2013 8:04:01 GMT 7
eyesight
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Post by jelly on Jul 30, 2013 8:58:47 GMT 7
Beneficiaries who are outside Australia on the date of implementation will retain the 13 week portability of their payments until they return to Australia..
this above sentence seems to say don't return to oz unless you want cl to muck. with you? it makes me concerned about returning for my son's wedding
things have been good i don't want to spoil it now....let sleeping dogs lie as they say
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Post by Banjo on Jul 30, 2013 10:55:59 GMT 7
Keep in mind this poll and topic is well over a year old.
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