As usual it's tricky to find a straight answer on the Centrelink website and I'm not even going to bother ringing up- but does anyone know if it matters that you accumulate savings whilst receiving parenting payment (single)?
I had zero, zilch in the bank when I actually applied for it, but things have picked up over the last 2 years and I now have a substantial amount of savings tucked away. I work part time, declare all the income so only receive a part payment. I was talking to someone the other day who said I could get in trouble for having savings...that on other income support payments you're only allowed to accumulate a certain amount before they cut your payment.
I had no clue about this, I always assumed if the government knew how much you were receiving from all sources (wages, CS, etc) you could save some if you could afford and wanted to. I don't want any trouble. Does anyone know what the go is from experience or insider knowledge? Cheers