Our aim is to be your guide to living life to the full. The keys to staying vital and active for longer are within our grasp! Read more...
Become a GrownUp and join our Community. Stay up to date with our weekly newsletter, discuss topics with other members, grab some great member-only offers and so much more.
Select the radio station you would like to listen to live.
Member since 25 Sep 2008
Member from Turua
I have the chance of a part time job which would net me about $240 a week, great!!!
I am over 65 so my super is safe. The trouble is we have been drawing the super for my wife who does not turn 65 till Sept.
Because of this as soon as I earn over $80 a week ($4160 a year) gross, work and income take 70 cents in the dollar from our super.
Does any one know if I can keep drawing our full super until my earnings reach $4160, and then take my wife off super? Or do I Have to declare my earnings each week? What do others do?
Member since 26 Nov 2006
Member from Dobson
philnz, I suggest you talk to your case manager. You may just have to put up with losing some of your super until September, or maybe your wife could apply for the unemployment benefit in her sole right. But I suspect they won't allow you to chop and change like that. When my hubby went onto super, they assumed I would go on as well as an unqualified partner but I elected to stay on the unemployment benefit. She told me I wasn't able to, but I was as I had done my homework beforehand and knew more about it than her. I was in the process of trying to find another job and did not want to be restricted to $80 per week between us. I have since found a good job that brings me in approx $400 to 450 per week, so am pleased I didn't follow their advice.
Went and saw our case manager today. Very helpful. I/we can earn
$4,160 a year, before it has any effect on our super.
So to sum up I earn $4,160 and that point my wife comes off the super.
Or work and income start taking 70 cents in the dollar out of my wife's share of our super. Since she turns 65 in September( Bless her) and at that point her super is no longer means tested. We can then earn as much as we like. Hy it's great to be working Phil
Member since 31 Dec 2008
Member from Manurewa
Does anyone know if the same $80 a week maximum earnings apply to a husband on the super with a wife who is working (only aged 55), or can I continue to earn anything I want without affecting my super?
If you are over 65 and you wife is not working you can earn as much as you like your income is not means tested. However if you are claiming super as a couple, they reduce her super 70 cents in the dollar, for every dollar over $80.00 a week she earns Or $4160 a year. They can not touch yours. Your super is yours as of right. hope that helps Phil
Member since 04 Mar 2009
Member from Ashburton
Post deleted at 07 Nov 2010 2:51pm by precious2
To post a comment on this discussion please log in or register