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

A retiree is concerned about selling their mother's house and gifting the proceeds to six grandchildren without affecting their pension. Inheritance will count as an asset and may trigger Centrelink's deprivation rules, potentially reducing pension benefits. Experts recommend that the mother should structure her will to pass assets directly to the grandchildren to avoid these issues.

Read full article on Brisbane Times →

Summary by Glance · Original reporting by Brisbane Times