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.
In the United States, the standard retirement age is currently 66 (gradually increasing to 67). In Canada, the OAS (Old Age Security) pension is available at 65 (gradually increasing to 67, starting in the years 2023-2029), and the CPP (Canada Pension Plan) as early as age 60. The AARP allows couples in which one spouse has reached the age of 50 to join, regardless of the age of the other spouse.