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Post by Banjo on Dec 7, 2013 21:24:33 GMT 7
Well if he doesn't have UP then he comes back every 6 weeks.
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Post by Deleted on Dec 8, 2013 11:36:20 GMT 7
Hi MIck,
I think Banjo's answer is quite clear, irregardless of age, if you have unlimited portability, they you are not bound by and return times. You can live abroad permanently, exactly as it implies. The same applies once you reach age 65 and qualify for aged pension.
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Post by anotherdsp on Dec 8, 2013 16:52:29 GMT 7
to mick ,you are thinking along the terms of your years for full pension i.e awlr i thought if you had the dsp pension that your still are accururing your years towards your pension or you would not have your dsp which makes you a resident of aust??? or have i got it all wrong!!!lol
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Post by mick on Dec 8, 2013 17:32:33 GMT 7
To the above I reckon that would be right.
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Post by aussieinusa on Dec 8, 2013 17:54:44 GMT 7
to mick ,you are thinking along the terms of your years for full pension i.e awlr i thought if you had the dsp pension that your still are accururing your years towards your pension or you would not have your dsp which makes you a resident of aust??? or have i got it all wrong!!!lol I understand your thinking there: that come AP time, they'll turn around and say, "well you left Aus 14 years ago with UP so you weren't resident so no AP for you". And I think there's a decent chance they will. But whether you take UP and leave now or not, the policies will be changed at least a dozen times by then anyway. Maybe if we're really lucky, at some point it will become politically unwise to kick any more people off pension and those will be policy changes that help us... but so far, it's been extremely politically popular to kick anyone they can present as a bludger, which unfortunately includes us DSPers, and I'm seeing no signs of that changing yet. So I personally think it's better to live life for today and deal with the BS rule changes as they happen. There's no foreshadowing of AWLR being effected by being a DSPer with UP yet, AFAIK, so I'm gonna worry about that when/if it happens. But then I'm of the generation that's been paying compulsory super since the day I started working (no, employers don't pay it for you; pay increases stalled while compulsory super increased, so the super funds are getting money you'd be paid instead), was raised to never expect anything from govt in old age, but also honestly never expected my super to come to much either. The super funds are great at helping themselves to 'my' compulsory nest egg through fees, charges and losing it on the market; never managed to grow it above the average rate of return in the market at any time, though. (And then there's long absences from work when I've been sick, when $0 go in to disguise how much it doesn't 'superannuate' through compound interest like they promise.) Good thing my medical issues make it unlikely I'll live past 65 anyway; solves one problem for me... Don't know what the others my age who live that long will do, when their super doesn't turn into riches and there's no pension either by then. So I live for today... |
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Post by aussieinusa on Dec 8, 2013 18:02:21 GMT 7
Totally agree that we should be protecting our Australian constitution rights of pensioners. Any change to the constitution is liable to destroy our place in the scheme of things. According to my lawyer friends, a big part of the problem is that we have no constitutionally-protected Bill of Rights as citizens, so the govt can screw any individual citizens over as much as the electorate will tolerate. So as long as they demonise and marginalise a group first -- and pick groups who are already up shit creek far enough to not be able to fight back much -- they can do as they like. A constitution with a Bill of Rights for all citizens written into it would help us enormously. Which is why neither side of politics wants us to have one. If it included stuff like the UN Conventions on rights of PWD, elderly etc., it would make a lot of their schemes near-impossible; they'd be overturned in the high court in no time. (Well, a year or two. Which is 'no time', legislatively speaking; a lot faster than kicking them out at next election, even.) What CL is doing now, sneakily overhauling the system while pretending it's all just 'loophole closures', would be a lot easier to contest if there was some Bill of Rights stating what the govt's responsibilities towards citizens were. The lawyers I've spoken to say it's something we should be lobbying for, if we wanted to win the fight for good and stop any future govt getting the same stupid ideas about tearing away the crumbs we get as it is. |
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Post by Banjo on Dec 8, 2013 19:24:12 GMT 7
The residency status for UP is definitely still not cut and dried as non-resident.
As far as I know none of those who have been grandfathered under the old portability rules have had their pensions reduced for lower than 25 years WLR, let alone 35, after many years overseas.
I can't see it happening to those on the new portability either.
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Post by aussieinusa on Dec 10, 2013 0:09:02 GMT 7
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Post by Deleted on Dec 10, 2013 6:40:40 GMT 7
Interesting to read the post on 'bill of rights' something that I have never really considered during my working life. It is only when circumstances change in our lives and we find ourselves in 'less fortunate' situatins. That is when it becomes important. Having never dealt with social security for the first 60 years of my life, it has been a wide awakening to me.
I have never been a fan of the model adopted for Super in Australia - they would have done well to look at the Singapore system run by the Government and responsible for making it one of the leading countries in the modern world - thanks largely to the money invested by the workers in infrastructure. Singaporeans I spoke to when there were very happy with the return they were receiving.
Our country put it in the hands of private enterprise and they are the only winners. I am now in an industry based fund due to excessive fees for self funded super funds. My returns so far have been very satisfactory and my sister has been in it for more than 10 years with consistent results, even through GFC.
I think workers within Australia are in for a bumpy ride in the foreseeable future so far as pensions are concerned. We should all go and get voted into Parliament, stay 9 years and live lavishly from then on.
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