Centrelink $10,000 Gifting Rule: How Helping Your Children Could Cut Your Age Pension for 5 Years
Australian retirees who give money or valuable assets to family members could face an unexpected reduction in their Centrelink Age Pension. Under longstanding government rules, gifts exceeding certain limits can remain assessable for five years, even after the money has been transferred. The rules are particularly important for older Australians helping children with home deposits, … Read more