Centrelink Advice

Centrelink offers a range of payments to a wide variety of people including retirees, the unemployed, parents, carers and people with disabilities. We can help you identify if you are eligible to receive a benefit payment, determine the payment amount and assist you in your application. Importantly, we can structure your financial affairs to maximise your Centrelink entitlement.

Common Centrelink Questions Answered…


Centrelink assesses your income from financial assets (e.g. bank accounts and shares etc) not by the actual income you receive but by deeming. Centrelink deems you to earn 0.25% p.a. on the first $53,000 (single) or $88,000 (couple) of financial assets and 2.25% p.a. on all financial assets above that level.

NOTE: Account based pensions (ABP) that commenced on or after 1 January 2015 are subject to deeming. ABPs commenced prior to 1 January 2015, where a person was not receiving an income support payment from Centrelink/DVA before 1 January 2015, will be deemed.

Work Bonus

For those who elect to work beyond age pension age you can keep more of your pension through the work bonus scheme. The first $300 of income form active participation (e.g. employment) per fortnight is excluded from the income test.

Allowable Gifting

Allowable gifting is restricted to $10,000 per financial year, not exceeding $30,000 in a rolling 5 year period. If you gift more than the allowable amount, the gifted amount in excess of the allowable limit will be assessed as a deprived asset for 5 years from the date of the gift.