What is the correct way to report your income to Centrelink?

Roy’s wife has entered a new contract with her employer. How does she report the changes?

What is the correct way to report your income to Centrelink?

Roy’s wife has entered a new contract with her employer, so how does she report the changes to Centrelink?

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Q. Roy
My wife has entered into a new contract with her employer. She is also receiving a part Department of Veterans Affairs (DVA) pension. Her working hours are as follows:

March to August 5 days per week

September to February 3 days per week

My question is how does she notify DVA of this change? Does she have to declare her annual salary for each period, or can she add the salary she receives for each period and then add them together? I would appreciate any information you can provide in this regard.

A. Your wife should report her fortnightly income. So, when she is working five days per week, she will have to report for the full five days. She can then notify the change to her income when she shifts back to three days per week.

Your wife may also be eligible for the work bonus. The work bonus is an incentive to encourage people who are able to continue working after they reach qualifying/pension age. Under the work bonus rules, the first $250 of wages earned per fortnight will be excluded from the income test.

Your wife will not need to apply for the work bonus. It will be calculated automatically when her pension is assessed. It is important that she makes sure her employment earnings are correctly recorded with DVA.

If she wants to check how her income is recorded or that she has received a work bonus in her assessment, she can contact DVA to discuss her case.

Are you eligible for an Age Pension? Do you know your rights? The PensionChecker™  tool has all the information you need.

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    Disclaimer: All content on YourLifeChoices website is of a general nature and has been prepared without taking into account your objectives, financial situation or needs. It has been prepared with due care but no guarantees are provided for ongoing accuracy or relevance. Before making a decision based on this information, you should consider its appropriateness in regard to your own circumstances. You should seek professional advice from a Centrelink Financial Information Services officer, financial planner, lawyer or tax agent in relation to any aspects that affect your financial and legal circumstances.





    COMMENTS

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    sunnyOz
    20th May 2019
    10:58am
    Word of warning, keep every single piece of paperwork. Have been through this, and was such a stress and nightmare I have up working my contract job. CL constantly got their figures wrong, and they do not have to give a breakdown or calculation. The 'accidentally' cancelled my pension, and then took weeks to sort it out. I was the one constantly giving them formulas, etc. Luckily I only lived 2kms from local CL office and was in their office daily trying to sort it out. Gave up in the end. Now I live in trepidation of getting a Robo debt in years to come. I now don't work, only do hobby jobs - dog minding, surveys, etc.
    Spud
    20th May 2019
    11:04am
    Yes typical of them . This I feel is the attitude from the moment you apply for the pension. It seems to be how hard and convoluted can we make the rules for our older citizens.
    johnp
    20th May 2019
    12:13pm
    Yep, we should just have a universal aged pension which is subject to normal tax and save on all the wasted time, bureaucracy etc. Like other countries.
    Cowboy Jim
    20th May 2019
    3:23pm
    Yes johnp - a universal pension would be the go. Problem we have though that many people did not put in a zac in taxes in their working lives and expect the full pension. You mention "other countries", in most of them, including mine, the universal pension is given to people without missing years and the others have their missing years deducted and then so become social cases. We call people on the age pension here "welfare recipients". Not the case in other countries. I refuse to be one of them and call my pension an entitlement for putting in. A lesson Labor learnt Saturday night.
    Mac
    20th May 2019
    12:30pm
    Yes, keep every single piece of paperwork. Even when you send them letters about changes they do not acknowledge receipt of letters despite being requested to do so.
    Cowboy Jim
    20th May 2019
    3:26pm
    Go and see them at their offices, get your papers stamped and dated and you should have no problems. Way I did it and have no problems so far. OK, bus is 1.5 hours but it's worth it.

    21st May 2019
    7:55am
    Best to avoid Centrelink altogether
    Scomo wants all Aussies to be able to do this by lowering taxes and putting more money in your hands to invest in your future as you see fit
    Labor was going to tax retirees and reduce working folks ability to save for retirement
    Teddyb
    10th Jun 2019
    4:54pm
    I wish people would get their facts straight. It was only the LNP said a retiree Tax. A refund is not a Tax. I have no shares in any company except in what my super company does and I get a fortnightly payment into our bank. My other super is in Comm Super which is liable for income tax but I do not get enough to pay, SO where is this retiree TAX. Some people hear but do not listen.
    Teddyb
    10th Jun 2019
    4:54pm
    I wish people would get their facts straight. It was only the LNP said a retiree Tax. A refund is not a Tax. I have no shares in any company except in what my super company does and I get a fortnightly payment into our bank. My other super is in Comm Super which is liable for income tax but I do not get enough to pay, SO where is this retiree TAX. Some people hear but do not listen.


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