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  1. #1
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    Default Centrelink, mortgage, car loan, other costs

    The WorkCover thread got me thinking.

    Have you ever lived off Centrelink long-term after taking on a home loan, car loan, internet and pay tv contract, enrolling kids into private schools, or other major expenses?

    If you were injured at work and took 12 months to recover, would you be able to live off it for that long? I'm not sure what the payment rates are for that, but I think $715/fn is the highest payment.

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    There's no way I could live off it.

    I do have an income protection policy through my super, but I need to check the terms, as I don't know if its adequate.

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    Plus I don't think i'd be eligible for much as my partner works, but doesn't earn enough to live on his income.

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    No. There is no way we could survive on that. DH has income protection insurance, and we also both have crisis recovery insurance for serious illness or injury.

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    We would lose our house but we would survive.

  6. #6
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    Quote Originally Posted by loving6 View Post
    We would lose our house but we would survive.
    This right here is why WorkCover needs to be accessible, families losing their home is a reality.

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    Yes of course we would! We would have to downsize a lot though.

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    probably if it was 12 months. couldn't manage indefinitely without some big changes though.

    Sent from my GT-I9000 using BubHub

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    We'd have to sell our house.

    $715/fn wouldn't come close to covering our existing housing costs.

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    Quote Originally Posted by NancyBlackett View Post
    We'd have to sell our house.

    $715/fn wouldn't come close to covering our existing housing costs.
    It might be far less, that is the highest payment type at the maximum rate. When I looked at sickness benefit in pregnancy it was less than $400/fn at the single rate :/


 

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