How gifting can affect your payment
If you or your partner gift money, income or assets, we may assess it in your income and assets tests.
Before you or your partner make a gift, contact us to check if it will change your payment. You should call your regular payment line.
We also have a free Financial Information Service to help you make informed decisions about your finances.
We assess your gifts to see both:
- how they reduce your assets
- if they go over the allowable amounts for gifting.
Any gifts you made in the past 5 years may count in your income and assets tests.
You must tell us about any gifts, sales or transfers within 14 days. If you don’t, we may overpay you. To tell us, call your regular payment line.
Page last updated: 6 December 2019
This information was printed 8 April 2021 from https://www.servicesaustralia.gov.au/individuals/services/centrelink/disability-support-pension/who-can-get-it/non-medical-rules/income-and-assets-tests/assets-test/asset-types/gifting/how-gifting-can-affect-your-payment. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.