Do you know Centrelink's rules around granny flats and how it will affect your pension? Centrelink wants to make sure that you're not depriving yourself of assets.
Giving kids a significant lump sum to help them in life may give you a warm fuzzy feeling, but it's unlikely to boost your pension and you may end up worse off.
Carer Allowance is a supplementary payment to help with caring for someone who has a disability or medical condition or who is frail aged.
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