Paula is very kindly considering paying for a family member’s surgery, but isn’t sure if this will be considered gifting by Centrelink, or if it needs to be reported.
Could you tell me what the situation is if I pay for surgery for a family member who does not have any health insurance? Would Centrelink consider this to be ‘gifting’? Do I need to advise Centrelink?
A. Any money you give to a family member or friend will be classed as gifting, regardless of the very kind reason for giving it. Unless you remain within the limits for gifting, which are $10,000 in any year or $30,000 in any five-year period, then this money will be assessed. You can view the current rules regarding disposing of assets at HumanServices.gov.au.
You have to advise Centrelink of any asset disposal or you may continue to be assessed for the value of the asset, or have the asset deemed for income purposes.
Join YOURLifeChoices, it’s free
- Receive our daily enewsletter
- Enter competitions
- Comment on articles