Centrelink Q&A: Jobseeker, hobby farms, deeming rates & defined benefits with Justin Bott (ep428)

Joining Glen James for another Q&A is Justin Bott from Services Australia! In this episode they touch on: 00:41 - does Centrelink look back at your bank accounts and assets from the five years before you turn 67? 03:10 - what happens to your Jobseeker payment if you access super between age 60 and 67 09:37 - can older Australians who've never owned a home access the Help to Buy scheme? 16:46 - will my 25-acre hobby farm affect my age pension eligibility? 31:26 - DSP vs age pension at 67 - do you have to transfer and should you? 37:59 - what is deeming? 46:44 - how does Services Australia assess defined benefit pension income 51:12 - what happens to my defined benefit pension if I die? Watch episode 426 with Justin here:    • Centrelink myths, pension rules & home equ...   #RetireRight #AgePension #Centrelink #RetirementPlanning #ServicesAustralia #Superannuation #Deeming #JobSeeker #AustralianRetirement #DisabilitySupportPension If you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-help Sign up to the Retire Right newsletter here: https://email.retireright.com.au/ 🏡 Join the Retire Eight facebook group:   / retireright   This content is for education and entertainment purposes only and is intended for Australian residents. It is not a substitute for professional financial, tax or legal advice. Any advice provided is general financial advice only, which does not take into account your objectives, financial situation or needs.You should consider whether the advice is appropriate for your circumstances before acting on it. If you choose to buy a financial product, read the relevant product disclosure statement (PDS) and target market determination (TMD), and seek personal advice from a licensed adviser. We may discuss products, services or listener questions within our content for illustration and entertainment purposes. It is impossible to provide personal advice in this format, as we don’t know your individual financial situation. We may also change the names of questioners for privacy. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies. Guest opinions are theirs and their respective licence holders. SYMO Interactive Pty Ltd and Glen James are authorised representatives of MoneySherpa Pty Ltd, which holds Australian Financial Services Licence 451289. Please read our Financial Services Guide at moneypodcast.com.au. #personalfinance #money #investing #property #retire Intro Music: "80's Movie Marathon" by Luciano Music Co. Licensed via Shutterstock Music (royalty-free, commercial use permitted). Segment/Outro Music: "Photograph" by nomaBeats Licensed via Pixabay Music – royalty-free for commercial use. No copyright infringement intended. All music used under appropriate commercial licences.