How much you can gift

There is a limit to how much you can gift each year without affecting your payments from us.

We call the amount you can gift each year your allowable disposal amount. This is the most you can give without affecting your payments from us. It’s also called a gifting free area.

Allowable disposal amount

The allowable disposal amount is the same if you’re a single person or a couple. It’s either:

  • $10,000 in 1 financial year
  • $30,000 over 5 financial years – this can’t include more than $10,000 in a single financial year.

Example: several gifts within 5 years

Date Gift Amount that is within the annual gifting free area Amounts within last 5 year's annual gifting free areas Amount maintained as a financial asset

1 May 2009

$8,000

$8,000
(less than $10,000)

$8,000

$0

1 June 2010

$13,000

$10,000
(maximum)

$18,000

$3,000 until 31 May 2015
($13,000 - $10,000)

1 April 2011

$7,000

$7,000
(less than $10,000)

$25,000

$0

1 May 2012

$11,000

$10,000
(maximum)

$35,000

$6,000 until 1 May 2017
(($11,000 -$10,000) +
($35,000 - $30,000))

If you go over this amount

For 5 years after you give away the asset over the allowable amount, we’ll do both of these:

  • count the excess in your assets test
  • apply deeming and include it in your income test.

This may change if you get the gift back. We’ll use the date that you got it back when we’re calculating your allowable disposable amount.

Page last updated: 6 December 2019