+ Reply to Thread
Results 1 to 2 of 2
  1. #1
    Join Date
    Feb 2013
    Posts
    1
    Thanks
    1
    Thanked
    0
    Reviews
    0

    Default Centrelink Income and Assets test

    Hi
    Just wondering if anyone has been in a similar situation...
    As a family with two small children we are currently receiving family assistance. I am not working but my partner is working full time.
    It has recently been discussed with my father that he may be gifting us some money as a start towards our first home.
    If this happens and the money is put into my account what happens with family assistance payments? We do not want to touch the lump sum payment for daily living etc.
    Is the lump sum payment considered an asset? If it is in my account and accessible does centrelink take this into account and stop your payments?
    Thanks

  2. #2
    Join Date
    Dec 2012
    Posts
    102
    Thanks
    21
    Thanked
    13
    Reviews
    0

    Default Centrelink Income and Assets test

    As far as I'm aware FTB is asset tested not income tested. Any monies earnt from interest though would be classed as income and depending on your situation assessed against your FTB. I could be wrong though. Give Centrelink a call and run through the scenario with them for a more concrete answer

  3. The Following User Says Thank You to little blue car For This Useful Post:

    spanish  (21-02-2013)


 

Similar Threads

  1. Don't want to see another negative test, nervous to test this month
    By Salzie in forum Pregnancy Tests & Help / Support with Results
    Replies: 46
    Last Post: 16-05-2013, 15:30
  2. Saliva microscope test VS LH surge test?
    By IsabellaVollmer in forum Conception & Fertility General Chat
    Replies: 5
    Last Post: 14-08-2012, 07:46
  3. What is your weekly income?
    By Teley in forum General Chat
    Replies: 107
    Last Post: 05-03-2012, 16:42

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
Fridge-To-Go Australasia
Xmas with a NEW Fridge-to-go Lunch Bag! Fridge-To-Go Australasia
Fridge-to-go 8 hour cooler bags are ideal under the Christmas tree! Now in modern lunch bag designs - fill them with toys and chocolate to make parents and kids happy! Stay super cool and eat healthy and fresh food all summer long!
sales & new stuffsee all
Pea Pods
Buy 2 Award Winning Pea Pods Reusable One Size Nappies for only $38 (in your choice of colours) and receive a FREE roll of Bamboo Liners. Don't miss out, we don't usually have discounts on the nappies, so grab this special offer!
Special Offer! Save $12
featured supporter
KindyROO
KindyROO offers activities for babies & toddlers in a fun learning centre, focussing on developmental education. Classes are available at three Brisbane and two Gold Coast locations. Enrol today & help your child to reach their full potential. Visit the website to find out more.
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!