If you’ve applied for a financial hardship arrangement, making a plan now will help you keep your mortgage on track. Start by understanding how your hardship arrangement works. Then check your budget to see if you can start making repayments again, or contact your lender straight away if you think you need to extend the arrangement. For more information, visit Moneysmart.gov.au. Original Author: Produced by Moneysmart and published on 14/08/2020
Tax concessions, the work test and getting it right with super Workers compensation and income protection If you are in an employment arrangement and receiving: workers compensation payments from their employer or insurer, or income protection payments from their employer, insurer or super fund …you may still be gainfully employed and satisfy the work test even though you are not currently undertaking physical work providing any payment has a connection to your employment arrangement. If …
Can I go back to work if I’ve accessed my Super? When you access your super at retirement your super fund may ask you to sign a declaration stating that you intend to never be employed again. But there may be compelling reasons why someone would subsequently return to work. According to the Australian Bureau of Statistics (ABS) the most common reasons retirees return to full or part-time employment are financial necessity and boredom.i Regardless of …
