I’m selling mum’s house. Will gifting grandkids the proceeds cut my pension?

A retiree in Australia is exploring options to sell their inherited house and gift proceeds to six grandchildren without affecting their pension. Centrelink's deprivation rules indicate that gifts could reduce pension payments, so it is recommended that the mother revise her will to pass assets directly to the grandchildren to avoid complications.

Read full article on SMH →

Summary by Glance · Original reporting by SMH