If you are making a profit (however small) you are required to declare it and pay tax on it. If you are making a loss it is in your own interest to declare it as it can be carried forward against future profits on this or any other buy to let properties you may acquire.f you are making a profit (however small) you are required to declare it and pay tax on it. If you are making a loss it is in your own interest to declare it as it can be carried forward against future profits on this or any other buy to let properties you may acquire.
Australia-Retirement. Home Country Guides Australia. The official retirement age in Australia is 65 and Australian citizens have two options for income when they retire. Superannuation is one of these options and this is paid for by contributions made while you are working.ll employees should check how this is funded by the employer as some will include this 9% in the salary package and deduct it as you are paid. The age pension is paid out at the age of 65 and in order to qualify you must have been a resident of Australia or a citizen of the country for a minimum of 10 years.
Full Retirement Age Chart. The second chart (above) shows what your full retirement age is, according to your year of birth. Full retirement age is 67 for people born in 1960 or later. Also, Congress can change these rules at any time, so it is a good idea to check the social security website every few years if you are not near retirement age now.