Centrelink

If you are in receipt of Centrelink pension you should consider the consequences of making a gift. Whilst you can gift or transfer assets to any value you choose your rate of pension or allowance may be affected if you exceed the allowable gifting amount.

The allowable gifting amount is $10,000 each financial year to a total of $30,000 in any five consecutive financial years. This amount applies regardless if you are a single person or couple.

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