Guidance please re my inheritance and should it effect my husband's Newstart?
Hi, this question is for a Centrelink/Newstart expert. I have just received a large inheritance and I am afraid if I report it to Centrelink that they will stop my husband's Newstart payment. I am 61 and my husband is 59 and everything from my money will be in my name only. 1. Should I tell Centrelink? 2. Will it effect my husband's Newstart payment? Thank you
2 comments
2 comments
I am no expert, but you can phone Centrelink and talk to them anonymously. I am sure you would get some useful information this way, as it does not seem to be a particularly complex situation. I am pretty sure that Centrelink would view your inheritance as an asset rather than income, although I think they would treat you as a couple as far as your inheritance is concerned. But it is better to know all this than wonder. Good luck!