MORE STORIES

Income and asset tests

Will downsizing affect my pension?

Elise is considering moving to be closer to her sons and their families, but is unsure how the proceeds of her house sale and gifting may affect her Age Pension.

Banking & Investment

Share-based insurance bonds

Can you buy an investment product without consulting a financial planner?

Income and asset tests

Can our son pay our rent?

YOURLifeChoices member Maria is considering moving to Queensland, to be nearer to her son and would like to know if it will affect her Age Pension if he pays her rent.

Centrelink – Services Australia

Maintaining your Age Pension

YOURLifeChoices member Madeline is due to come into an inheritance, but fears it will all but cancel out her Age Pension. She would like to know if she can minimise the effect.

Centrelink – Services Australia

Insurance payouts and gifting

Mavis is expecting an insurance payout and would like to know if she can give some of it to her children without breaching Centrelink’s gifting rules.

Grandparents

Children’s savings and grandparents’ gifting

Many grandparents across Australia are keen to contribute in some way to the bringing up of their grandchildren. Often they act as mentors, perform babysitting duties, pass on advice from experience and generally just ‘be there’ for support in times of need. Many also like to contribute financially where they can. But can contributing financially raise any issues? What should grandparents consider when looking at the options available?

Centrelink – Services Australia

Gifting and Disability Support Pension

While a gift of money may seem like blessing, you should take into consideration how it will affect your Centrelink payments.

Centrelink – Services Australia

How much can we gift?

YOURLifeChoices subscribers, Glenn and Jennifer, would like to gift money to their children but are keen to know the limits?

Seniors Finance

Gifting – how does it work

As YOURLifeChoices subscriber Allan considers his options for retirement, he’s keen to know where he stand on the subject of un-demanded rent from his ex-wife.

Seniors Finance

Gifting – how does it work

As YOURLifeChoices subscriber Allan considers his options for retirement, he’s keen to know where he stand on the subject of un-demanded rent from his ex-wife.

1 2

OUR PARTNERS

household capital