Can I give away 400k then claim the pension?

by

Ed.

From moneymag.com.au: Peter, a 66-year-old single man nearing retirement, is considering selling one of his two houses and lending $400,000 to his children, which raises questions about his eligibility for the age pension and his future financial stability.

Careful financial planning, prioritising personal financial health, and consulting Services Australia for personalized advice are all recommended.

Filed under: Superannuation