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Social Security: Gifting

• Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner

Interestingly we have been getting questions on gifting where a client qualifies for a part Age Pension.

The answer, even if you are in receipt of a part Age Pension is that you can still gift money but it is restricted to a maximum $10,000 per financial year with a cap of $30,000 over 5 consecutive financial years.

Please refer to the attached.

At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.