How To Hide Super From Centrelink (Legally)

no good for me. No spouse

Thanks Chris,
Valuable info as always. If after declaring yourself retired for the purposes of accessing your Super does your super balance automatically move to pension phase. If not you could you potentially access lump sums instead of an income stream and avoid your super being assessed in the income/asset tests?
Cheers

Great risk of moving most the super into spouse's account is as you said: it becomes my spouse's money and I have lost control of it forever unless I file for divorce. Worst case is the spouse withdraws all money without me knowing and spends it. Even if the marriage is intact, the spouse holds the purse string for the rest of my life! Can super guy suggest any way to regain control of the money myself?

the problem is i guess if your spouse is younger they are likely continuing to work and their income might make you ineligible

Why is it that all the advice I've seen is about transferring super into my younger spouse's account? I have spent my whole life working to accumulate a minimal amount of super and I am the one trying to budget for our future, whereas my (younger) husband is all about spending whatever he can get his hands on. I may not be alone in this situation, but I am definitely not giving him my future income, when I know I'll be supporting him after he's spent all of his ... LOL

Is it best for me to leave it in Accumulation Phase till I need it, like small lump sums, instead of a Income steam, I’m not forced to take the 6.5%, I know I will be paying 15% tax but I got a full pension from Centrelink, till I ready to change my investment, as I like your idea, of moving it to Moderate investment, so I can set and forget and get on with my retirement

Hi Chris and thanks for your videos - very concise and informative. Question pls - is a super income stream tested on both the Asset and Income tests for Aged pension purposes? I initially thought it is only included in the deeming calculation for Asset test, but looks like the pension received from pension phase is included in the income test as well (meaning the full amount of the pension is regarded as an income)? Appreciate your usual great advice on this. Thank you.

Nice one 🙏

I don't have a spouse but could I gift some to my children?

No wife, happy life.
With today's gynocentric laws, the marriage contract is a raw deal for most men.
50% of marriages end in divorce.
80% of divorces are initiated by women.
96% of spousal support is distributed to women.
As a man, you're likely to lose your house, half your net income & your alienated children, essentially working a drudgery for people who despise you.
The worst financial mistake men can make is to get married or cohabitate in this country. Less than 23% of married men are happy in their relationship feeling trapped, knowing if they leave, they will be taken to the cleaners so to speak.

Parasites trying to rort the system.

Hi Chris. You made a suggestion to move your super into your spouses account to qualify for pension. Does Centrelink not look at your spouses super, their income and any other assets when being assessed?

Hi Chris,
I'm contemplating retirement next year, from FT work reaching 67 in April. Then I'll be eligible to a part pension. Can I apply for that pension at my 67th birthday in April, so Centrelink will start paying me or do I have to wait until the end of F/Y 2024/2025 bcs I earn income from employment during the year?

Hi Chris. Iam now 54 and checked my msbs super. In 20 years all i have to my name is $45,000!!. Very dissaponted. Any suggestions?. 🤷‍♀️

Won't Centrelink ask why we transferred back into accumulation? I accidentally took out tpd lump sum

Put Bitcoin in a paper wallet. They won’t know you own it, and can ‘drip feed’ it and get some cash over time. Of course, not everything, but a portion. And assuming you have the risk appetite.