$800,000 Centrelink ‘Strategy’ for Bank of Mum and Dad to Prevent Pension Reduction

As older Australians look for ways to support their families without affecting their Age Pension, gifting assets like money or property can be a double-edged sword. Many don’t realize that transferring large sums of money can result in a reduction in their Centrelink payment, even if the gift was made years earlier. One strategy to Continue reading