Sale of shares
My wife and I are both on the full pension.
Our total assets were only $50,000 savings in our bank.
In Julywe were persuaded to buy some shares because of a tip from a friend and we purchased 70,000 of these shares for 10 cents each. Now these shares are worth 62 cents each giving us a substantial profit if we sold them. Our question is what do we do.
Our problem is how will this effect our pension. Either by way of income or assets. We cannot afford to lose any part of our pension.
David C
a couple can have up to app $324k in shares, bank etc before Pension would reduce underr the Income Test. All good.