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  1. #1
    Join Date
    Feb 2013

    Default Centrelink Income and Assets test

    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?

  2. #2
    Join Date
    Dec 2012

    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

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    spanish  (21-02-2013)


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