I'm about to get a large inheritance from a family member who lived and worked in the USA , I'm on a pension and my wife is my sole carer , we own our home , well the bank owns it lol, will the inheritance affect my DSP PENSION.?

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Hi, if I was to receive an inheritance of $15,000 how would this affect my wife's disability support pension.

it is only a small amount so I guess she will not loose her dsp.

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Hi I'm on a disability pension and my husband gets a carers pension we are going to receive $510k as inheritance will this effect our Centrelink payment

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Hello Paul,

Financial advice is really really needed here and much appreciated.

I'm on a disability pension in my mid 50's and will soon be inheriting around $180,000 from my father's estate. I also have a 50/50 share in my principal home with my daughter in which we both live (with her partner and my 3 grand children) We have a mortgage in both our names with the bank but it is split in two, I pay my own mortgage and have about 40K left on it, and my daughter pays her own.

My ex and I also own a property in country Victoria, which was our family home before I left. We divorced but didn't settle our affairs as I couldn't bear to sell our home as my ex wanted to stay there, so I've allowed my ex to continue living there. I also have 40k in my Super.

My daughter also has 2 hire purchases for cars and is the primary income earner, supports her family and under a lot of financial stress.

Her income won't allow her to increase her mortgage to get rid of her hire purchases. She has always wanted to be independent and do things her own way but it's obviously not working for her and she has finally realized she needs help. I'm proud that she has managed so far (I don't know how she's doing it!) but worried for her future.

1. Will my disability pension be affected by this inheritance and

2. What can my daughter do to consolidate all her finances so she is not paying premium interest on all of them.

I would appreciate any advice as to what I should do.

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Hi Chris,

Thank you for your comment.

We have published the final issue of Money for the year so Paul won't be answering more questions until February. We will pass your question on for his consideration.

In the meantime, here are two earlier questions Paul has answered about disability pension and inheritance:

https://www.moneymag.com.au/ask-paul-give-son-400k-disability-pension

https://www.moneymag.com.au/ask-paul-inheritance-disability-pension

- Money team

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I have recently qualified for the disability pension as i hsve terminal cancer

My super fund has approved my lufe insurance payout

I have 4000 in the bank no other income beside the pension

Will the insurance payment disqualify me from receiving the pension

It is 100,000$

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Hi my brother 59 ( 17/1/64) is a Disability Pensioner and due to inherit about $400,000 in a couple of months. I am worried about what he should do ?

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