There may be an effect to the rate of a contributor’s Centrelink payment if either:
- the contribution is worth more than the allowable concessional amount
- they don’t meet the required eligibility criteria.
Gifts can affect Centrelink payments because they reduce the assets available for personal use. Contributors must tell us about any gifts or transfer of assets they make within 14 days.
We’ll assess gifts with total value greater than the allowable concessional amount under normal gifting rules.