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CarolC

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CarolC last won the day on April 15

CarolC had the most liked content!

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About CarolC

  • Rank
    Bandit

Profile Information

  • Gender
    Female
  • Location
    Tasmania
  • Band/Sleeve Status
    Thinking About It
  • Weight Loss Status
    Just Starting

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  1. CarolC

    Early superannuation release

    Hey Melly, did you lodge your early release application before the cut off date with centrelink? I lodged a few days before the cut off (I was undecided whether I would go through with the early release application due to the overall taxation issue so dithering). I then went to cancel the application after the cut off date but it was no longer available on mygov website under centrelink. I remember a note saying that any applications received before the cut off but undetermined would not be assessed by centrelink/human services. So I thought no need to cancel and forgot all about it. To my surprise today I received a phone call from department of human services saying my application was approved!
  2. CarolC

    What next????

    I am not sure there is a way to do it now, other than a loan for the gap that PHI and super would have covered. How much gap is there by the way? If you have a mortgage are you in a position to redraw available funds or refinance? Personal loan interest rates can be quite high. Citibank have a ready credit (line of credit) where for the first 24 months the interest is 7.9% for the inital draw down of funds (cheque to self) but after the 24 months the interest rate reverts to quite a high rate for the balance of funds not repaid. Some clinics are aligned with financial bodies/credit facilities - your clinics aligned with any lending bodies? Do you have an opportunity to loan some money from parents/family this may close the 12 month gap? Are you in a position to work extra hours, second job etc? Early release of super in now going to be managed by the ATO, I think they have or will be introducing some tighter financial criteria... I posted this early on another post: For anyone who is considering early release of super for bariatric procedures, the application process is now managed by the Australian Taxation Office, the link below provides information plus there is a new ATO form to be completed. https://www.ato.gov.au/individuals/super/in-detail/withdrawing-and-paying-tax/withdrawing-your-super-and-paying-tax/?page=4#Access_on_compassionate_grounds Perhaps you can use the 12 months or some of them to mentally and physically prepare yourself for the surgery? My procedure is in October and that feels like a long wait so I can only imagine what twelve months must be like. I guess we all want everything now but sometimes there is little we can do to speed things up so we have to wait it out.
  3. For anyone who is considering early release of super for bariatric procedures, the application process is now managed by the Australian Taxation Office, the link below provides information plus there is a new ATO form to be completed. https://www.ato.gov.au/individuals/super/in-detail/withdrawing-and-paying-tax/withdrawing-your-super-and-paying-tax/?page=4#Access_on_compassionate_grounds
  4. CarolC

    Early superannuation release

    I have messaged Melly, but for anyone else I realised that I put the wrong calculation on the thread. What it should if you need $15000 after tax is to divide 15000 by 0.78 which gives 19230.77. Then if you multiply that by 0.22 the tax is 4230.77 leaving $15000.
  5. CarolC

    Early superannuation release

    Edited: Deleted incorrect calculation. Refer below There is another issue that you may need to be aware of...that the amount of super withdrawn is also included in assesseble income at tax return time. Now while 22% tax has already been paid, if the super amount takes the asessable income into the next tax bracket there will likely be extra tax to pay (oops I see that was already covered above). One thing I am not clear on is whether even if the next tax bracket doesn't come into play at tax return time, whether any additional tax is taken regardless of the 22% paid to bring the tax up to your tax margin, but I am thinking it isn't - but this will be clarified for you if the application is approved, I understand that all this information is provided to you in the letter of authorisation. Note that from 1 July the ATO is going to be taking over the assessment of early release of super on compassionate grounds (this includes medical expenses). If you need any more help with grossing up the expenses, private message me if you like.
  6. CarolC

    Goal Weight

    I'm about 156cm, doctor's goal weight for me is 60 kilos, I'd actually be happy with 65k to 70k but wouldn't complain if I lost more weight without constantly fighting my body to maintain that weight. 60kilos would put me just under a 25 BMI.
  7. CarolC

    ESG - Endoscopic Sleeve Gastroplasty

    There seems to be a couple of highly regarded doctors in Sydney for the ESG - Dr Rich and Dr Sartoretto, both are rightly rated on the FB groups I am on. Best wishes for your appoinment next week!
  8. CarolC

    ESG - Endoscopic Sleeve Gastroplasty

    Hi there, sorry you haven't received a response from any ESGers, unfortunately there aren't too many people that have had them yet here on these forums. I belong to three ESG groups on FB, and from what I can gather the first few days following the procedure varies from person to person, but generally first day not so hot after that not so bad, with some people returning to work within a couple to a few days. It is looking like my procedure will be 15 October, so close but so far! Timing is due to me not the doctor. Which doctor are you seeing?
  9. CarolC

    ESG - Endoscopic Sleeve Gastroplasty

    Not quite lol. It's also called an accordion sleeve gastroplasty, which may help understand how the stitches are made. http://drsharaiha.com/endoscopic-sleeve/ What happens during the procedure? Using an endoscopic suturing device, the endoscopist constricts the stomach, resulting in a “sleeve”. The patient is placed under general anesthesia, and the doctor places a scope down the patient’s throat sutures are inserted in a specific pattern from the bottom of the stomach (antrum) to the top (fundus). The series of sutures is then tightened in a fashion that resembles an accordion, constricting the overall usable volume of the stomach.
  10. CarolC

    ESG - Endoscopic Sleeve Gastroplasty

    I am sorry to hear that for you, have you thought about what you will do now? I should have realised they would review BMI and health, but I haven't actually thought about it. Do they apply the same standards as for WLS under medicare/PHI? The price for the actual procedure has gone up $1,000 since February, which is a rather large increase. I am currently just waiting for the person who is dealing with me to get back with the 'where to from here', I should know by the coming week. I was going to be applying for Super release, now I am wondering if my BMI is high enough, along with sufficient comorbidities.
  11. CarolC

    2 more sleeps!

    10kgs all ready, that's excellent and well done! Must be at least one size smaller if not a little more?
  12. CarolC

    Sore after vomiting

    Hi and welcome. Sorry you are going through this, and sorry I can't help as I don't have a band. Hopefully some banders will chime in for you. I assume if by Monday things haven't improved for you, you will contact your surgeon, as the band may have slipped due to the bout of severe vomiting?
  13. CarolC

    2 more sleeps!

    I am excited for you and I hope that cold is gone in time for surgery!
  14. CarolC

    The final countdown

    Wow how exciting for you. Sounds like you are well organised. How are are you expected to stay in hospital?
  15. CarolC

    ESG - Endoscopic Sleeve Gastroplasty

    I had my phone consult with Dr Sartoretto, it was a good consult I thought. He asked a lot of questions based on my personal/history, allowed plenty of time for me to ask my questions. I like his approach to weight/fat loss with the focus more on body fat percentage / body composition than scale weight. Dr Sartoretto has done approx 160 ESG which is quite a good number given its a relatively new procedure in Australia. While I had already done a range of blood tests, I now have a referral for a breath test and oral glucose test. I was pleased to see that there wasn't a change in the budget with regards to early release of super for WLS (unless its still hidden in the fine print somewhere).
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