If you are thinking about giving money to your children or grandchildren, you may be wondering whether it will affect your Age Pension.
In this episode, Nathan and Jordan unpack how Centrelink treats gifting, what it means for your pension payments, and why these decisions are often more complicated than they first appear. They explore how gifting can impact both Age Pension entitlements and aged care fees, the concept of deprived assets, and why trying to improve your Centrelink position without understanding the broader picture can create unintended consequences.
They also discuss the emotional side of gifting: wanting to help family now, seeing your legacy in action, and balancing generosity with your own financial security.
If you are considering transferring money, helping with a large expense, or restructuring assets later in life, this episode will help you understand the bigger picture before making a decision.
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Nathan:
Jordan:
The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.
Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143
