332 age pension deep dive - living on the pension (part 2)

In this 2-part mini series, Glen James is joined by Justin Bott, a Community Information Officer from Services Australia to unpack everything around the Centrelink age pension. In part 2, Glen and Justin discuss what you need to know about living on the pension, touching on: 02:52 - changes you must tell Centrelink within 14 days 10:23 - how working affects your pension and tax 31:18 - gifting limits and their impact on payments 42:41 - what deeming is and how it’s calculated 59:34 - travelling overseas and the portability rules 1:06:42 - how super interacts with your pension eligibility Watch part 1 'getting ready to claim' here:    • 331 age pension deep dive - getting ready ...   You can contact the Financial Information Service on 132 300, ask for Financial Information Service or learn more at https://www.servicesaustralia.gov.au/... Free Financial Information webinars here: https://www.servicesaustralia.gov.au/... #AgePension #RetirementPlanning #Centrelink #Superannuation #Deeming #Gifting #WorkBonus #RetireRight #ServicesAustralia #RetirementIncome 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 right facebook group:   / retireright   To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here: https://www.moneypodcast.com.au/mmmsh... This video 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 in this video 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. SYMO Interactive Pty Ltd (trading as Retire Right Australia) and Glen James are authorised representatives of MoneySherpa Pty Ltd, which holds Australian Financial Services Licence 451289. Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice, which holds Australian Financial Services Licence 243313. Please read our Financial Services Guide at moneypodcast.com.au. 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.