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Originally Posted by Trigga*happY
I've got an friend who has just reached retirement age - however while she's working she loses $200 of her pension... just because.
Now that seems a tad unfair. Just because you decide to work beyond your retirement age - still paying taxes beyond retirement, that the government would choose to penalise you for doing so.
So WHAT I wanted to know! If you are entitled to the pension, but are still working and losing that $200, can she write that $200 off as a loss against her work income to claim it back... or something along those lines! Is there a way for her to get that lost $200 back 
Cheers in advance! |
No she doesn't. Her wages/salary just put her in a higher tax bracket than someone who is only on the pension (which is taxed) and therefore her pension is taxed at a higher rate.