Post by Banjo on Apr 13, 2010 18:10:35 GMT 7
Private Income and the DSP
Many people on the DSP legally have alternative income.
For example if you divorced and sold your house for $400K, not a huge amount these days, and invested your $200K carefully at 5%pa. this would give you a return of about $10,000 a year, or $400 a fortnight.
You can earn more than $1500 a fortnight and still get some DSP.
www.centrelink.gov.au/internet/internet.nsf/payments/chartc.htm
What is Centrelink’s policy here? Will these people face the same residency and overseas travel restrictions? Will they be entitled to more time overseas?
I don’t think this will be so, and people getting say... $100 per week pension, will very likely tell them where to stick it.
Could this be where some of the planned “savings” are coming from?
Many people on the DSP legally have alternative income.
For example if you divorced and sold your house for $400K, not a huge amount these days, and invested your $200K carefully at 5%pa. this would give you a return of about $10,000 a year, or $400 a fortnight.
You can earn more than $1500 a fortnight and still get some DSP.
www.centrelink.gov.au/internet/internet.nsf/payments/chartc.htm
What is Centrelink’s policy here? Will these people face the same residency and overseas travel restrictions? Will they be entitled to more time overseas?
I don’t think this will be so, and people getting say... $100 per week pension, will very likely tell them where to stick it.
Could this be where some of the planned “savings” are coming from?
