Original URL (paywalled): https://www.smh.com.au/money/super-and-retirement/all-my-assets-are-in-crypto-how-will-this-affect-my-pension-20241112-p5kpys.html
This has to be a fake question for clickbait, right?
The answer is in the article:
If you’re getting income support payments such as the age pension and own a cryptocurrency, you need to let Services Australia know within 14 days if there is a significant change in the asset value.
Further if you are trading crypto with the intent to make a profit, you may be considered as self-employed (still working) and this could affect your pension.
Frankly, I’m impressed that the ATO is across Crypto enough to have such policies regarding it.
I think it’s bait.
Surprisingly, it wasn’t (entirely). It was one of the questions asked to the money editor this week. In context, it wasn’t even a bad question.
They just picked the question most likely to generate clicks.
Why do you reckon it wasn’t made up? Was it submitted through a public platform or something?
I hope so!
