Spending personal savings and Centrelink
Sometime ago I was told, probably by Centrelink, that if you withdraw or spend more than $2000.00 from your bank account you had to report it and declare what you spent it on? Is this still a Centrelink requirement or has it changed over the years. I have tried to find information about it on the Centrelink sight but I can't find reference to it....I was never good at searching for things, perhaps I don't use the right words! If anyone can guide me to the information or enlighten me I would appreciate it.
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I am 70.8 and have just received my first part/Aged pension since leaving employment and my Super is now deemed as my earnings, $791/fn and my pension is $390.40 /fn. My husband is not eligible for a pension for a few more years. Can I withdraw from my Super and put it in his? (he is a sole trader and doesn't put any in his on a regular basis) Such as $10,000 per year up to $30,000 over a period of 5 years or do I have to go to a C/Link Planner to discuss this 'gifting' or is this 'not acceptable behaviour?