The Meeting Place > Let's Talk Retirement > Notifying Centrelink of Bank Interest

Notifying Centrelink of Bank Interest

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older&wiser
8 yrs ago

Can anyone give me some help with this query as I cannot find any info anywhere? 

If you have some money invested, and earn the grand amount of around $280 a month, and compound this, when do you have to advise Centrelink? Do you have to advise them once you have earnt $1,000, or $2,000? Or once a year? Have tried ringing Centrelink but constantly kept on hold. Web search finds nothing.

Many thanks - 

5 comments
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PlanB
8 yrs ago

 

I was told it was $2000.

 

You can also arrange to be able to do it on line --- I find if I have to ring them I ring them the minute they open

i've found centrelink difficult to contact and usually hand write them a letter, post it via snail-mail.  and keep a copy.

i think they are very short-staffed and under-funded.

 

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PlanB
8 yrs ago

Yes very true kika, they are very short staffed --but every time I have had to deal with them they have been so kind and nice

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geomac
8 yrs ago

You do not mention if you are a pensioner. If you are you will get the info here.

https://www.humanservices.gov.au/customer/enablers/assets

 

 

Move your investment over to that Panama mob

Fonseka et al

Problem solved

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Abby
8 yrs ago

You should find the info you need

https://www.humanservices.gov.au/customer/enablers/update-income-assets

The easiest way to keep your updates with Centrelink is on the Internet.

5 comments



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