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  1. #11
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    Quote Originally Posted by Nafsika View Post
    I'm talking about the whole lot.

    A friend of mine, her hubby earns less than 50 grand a year and she's been told she's entitled to nothing. So she's done nothing for the past 3 years. That's why I'm curious & confused.
    He makes only $50,000? And she was told she is entitled to nothing ? Does she have other assets or something that has put her over!?! Because if she hasn't and that's her only families income she'd be entitled to max rate if everything ! !! Please don't tell me she hasn't claimed a thing for 3 years?

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  2. #12
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    Quote Originally Posted by Nafsika View Post
    I'm talking about the whole lot.

    A friend of mine, her hubby earns less than 50 grand a year and she's been told she's entitled to nothing. So she's done nothing for the past 3 years. That's why I'm curious & confused.

    If her husband's adjusted taxable income is genuinely less than $50,000 that would seem incorrect - there would definitely be entitlements. However might be more complicated than that. Perhaps they can't claim because they have outstanding tax lodgements (not that uncommon for some self-employed who are so busy with their business that they fall behind in the paperwork side of things). Perhaps taxable income is actually much higher but he only draws out less than $50,000 cash a year out and reinvests the remainder in the business. Or if it's a family business there may be a family trust type structure and he is entitled to trust distributions even if he hasn't actually physically received the cash. Things aren't always straight forward.

  3. #13
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    Quote Originally Posted by ProudMumma34 View Post
    He makes only $50,000? And she was told she is entitled to nothing ? Does she have other assets or something that has put her over!?! Because if she hasn't and that's her only families income she'd be entitled to max rate if everything ! !! Please don't tell me she hasn't claimed a thing for 3 years?

    Sent from my GT-N7105T using The Bub Hub mobile app
    Hello, that is what I keep telling her, that she is entitled, she said she has not claimed anything for that long, I keep telling her to go into the office. She has no assets. She's a full time mum and only her hubby works and he makes just under 50k.

    I showed her the links on this, hopefully it makes her go.

  4. #14
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    Quote Originally Posted by Cat13 View Post
    If her husband's adjusted taxable income is genuinely less than $50,000 that would seem incorrect - there would definitely be entitlements. However might be more complicated than that. Perhaps they can't claim because they have outstanding tax lodgements (not that uncommon for some self-employed who are so busy with their business that they fall behind in the paperwork side of things). Perhaps taxable income is actually much higher but he only draws out less than $50,000 cash a year out and reinvests the remainder in the business. Or if it's a family business there may be a family trust type structure and he is entitled to trust distributions even if he hasn't actually physically received the cash. Things aren't always straight forward.
    I was talking about the business side for me.

    The 50k story is regarding a friend.

  5. #15
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    It's a little more difficult applying for centrelink payments when you're self employed (just been through this recently) so perhaps she was just scared off by the paperwork?

  6. #16
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    Hopefully Nafsika she will for the last financial year...she only has till end of June this year to make a claim for 14/15 lump sum payment. So unfortunate she hasn't applied for last 3 years because they will only back date for 1 year now.

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    Nafsika  (25-04-2016)

  8. #17
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    Does anyone know how much money you can have in the bank until they stop your payments?

  9. #18
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    Quote Originally Posted by Nafsika View Post
    Does anyone know how much money you can have in the bank until they stop your payments?
    You really need to speak to them directly. Noone here knows your circumstances. It depends on income, children, who is working etc etc. There is no exact $x amount.

  10. #19
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    It depends on your situation. If you have sold a house than you get a certain time frame to buy another. If you have a big savings account and you lose your job you need to use up your savings before getting payments. If you come into money eg a win or inheritance. Than You need to declare it.
    Scholarships need to be declared but in most circumstances they don't affect payments.


 

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