Centrelink $10,000 Gifting Rule: How Giving Money to Family Could Reduce Your Age Pension
Australians approaching retirement are being warned that giving away money, property or other valuable assets could affect their Age Pension for up to five years. Many older Australians assume transferring savings to their children will reduce their assessable assets and improve their eligibility for Centrelink payments. However, a longstanding rule means certain gifts can continue … Read more