Been enjoyin your videos, very informative. Just wondering, plan to retire in 2yr time, if an investment property is secured agst family home, and then sell that investment at retirement. Part of proceeds/profit will be used to pay off remaining balance of family home. Will i still be entitled for age pension assuming i qualify for assets test? Thank you.
Assuming you pass the Income and Assets Test, yes you will be entitled. Just make sure you get full advice on the property sale, as it will be subject to Capital Gains Tax, and if you receive proper advice that tax could be minimised.
Thank you Katherine. I very much enjoy your videos and find them informative and helpful. My wife and I will no doubt contact you in the near future regarding our retirement.
Not sure if you have done an inheritance video but I inherited a unit that I’ve left empty and I use it for holidays. It’s only worth $160k. I make no money from it. Is that ok to do that? Or would Centrelink class it as lost income?
Been enjoyin your videos, very informative.
Just wondering, plan to retire in 2yr time, if an investment property is secured agst family home, and then sell that investment at retirement. Part of proceeds/profit will be used to pay off remaining balance of family home. Will i still be entitled for age pension assuming i qualify for assets test? Thank you.
Assuming you pass the Income and Assets Test, yes you will be entitled. Just make sure you get full advice on the property sale, as it will be subject to Capital Gains Tax, and if you receive proper advice that tax could be minimised.
Thanks Katherine.
Thank you Katherine. I very much enjoy your videos and find them informative and helpful. My wife and I will no doubt contact you in the near future regarding our retirement.
Hi Kevin, thank you so much 😀
Not sure if you have done an inheritance video but I inherited a unit that I’ve left empty and I use it for holidays. It’s only worth $160k. I make no money from it. Is that ok to do that? Or would Centrelink class it as lost income?
Hi Vivienne, your inheritance will be counted as an asset by Centrelink
Hi Katharine, how will Centrelink treat a $200000 Line of credit secured against our home that has $70000 drawn down so far.
Hi Glyn, I don't think Centrelink will care at all, they will disregard your loan as being against the family home that is exempt under Assets Test.
@@AboutRetirementTV Thank you Katharine.
Residents is different from citizens .please clarify
140th like. Come on Viewers how about a few more likes!. I own everything outright and no debit. I'm sure I will be crucified by centrelink.
then just come to visit me and we will fix it if possible 😀👍