KGB Financial Planning Pty Ltd

KGB Financial Planning Pty Ltd Google 5 star rated

I help Australians navigate the complexity of financial decisions with confidence. 📈 Financial Adviser, 25 Years Experience Retirement, Age Pension/Centrelink & Aged Care Specialist.

08/06/2026

The Carer Payment is a Centrelink income support payment for people who provide constant care to someone with a severe disability, illness, medical condition, or an older person who is frail.

Eligibility rules apply, so it's worth checking your entitlements. 💙
KGBFinancialPlanning Australia

06/06/2026

Centrelink gifting rules can be confusing

You can gift up to $10,000 in a financial year, with a maximum of $30,000 over five financial years, without affecting your benefits.

Anything above these limits are treated as a deprived asset and may still be counted by Centrelink for 5 years. Before giving money, property, or transferring assets to family, make sure you understand the impact on your payments.

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06/06/2026

Centrelink assesses the value of your assets you own to determine your eligibility for payments like the Age Pension. Assets include bank accounts, investment properties, shares, superannuation (in some cases), and cars.

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Fun Day with Female Professionals at the Women in Business Luncheon 2026
05/06/2026

Fun Day with Female Professionals at the Women in Business Luncheon 2026

04/06/2026

Why does Centrelink include zero-interest accounts in deeming?
Because deeming is based on your total financial assets, not the interest they earn.

Even at 0% interest, the balance is still assessed to:

Apply a standard rate across all financial assets even money gifted.

KGBFinancialPlanning FinancialAssets

03/06/2026

Waiting on Centrelink to assess your Application? Do you have a trust, company or are self employed? These assessments often take much longer than standard claims, as Centrelink needs to review financial statements, trust deeds, company structures and distributions before determining entitlements.

In some cases, wait times can be 12 months or more.

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02/06/2026

What is the Carer Payment from Centrelink

The eligibility rules include providing constant care for someone who is likely to need care for at least 6 months, and both the carer and care receiver generally need to meet residence, income and assets tests.

The Carer Payment is a Centrelink income support payment for people who provide constant care to someone with a disability, serious medical condition, terminal illness, or an older person who is frail.

If your caring responsibilities prevent you from working full-time, you may be eligible.
You can still work, study, volunteer or train, provided you stay within the participation rules and meet the eligibility requirements. Always check your individual circumstances with Services Australia.
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01/06/2026

Small steps. Consistent habits. Long-term results.
The more you learn, the better financial decisions you make.
And unlike social media opinions, financial knowledge actually compounds. 😉
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01/06/2026

Can you receive a Carer Payment/allowance if someone you are caring for has a Home Care Package? Yes you can!

A Home Care Package doesn't stop eligibility for the Carer Payment. Centrelink looks at the level of care being provided and whether the caring responsibilities remain substantial and ongoing.

Don't assume you're not entitled understanding the rules could make a big difference to your finances.

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31/05/2026

If you inherit money and then pass it on to your children or anyone else Centrelink will treat it as a gift under the gifting rules. That could impact your Age Pension or other benefits.

Consider updating the will of the person leaving the inheritance so the assets pass directly to your children. If structured correctly, it may avoid being treated as a gift from you.

Before making any decisions, get advice one change in a will can make a big difference.

FinancialAdvice WealthTransfer FamilyWealth Retirement KGBFinancialPlanning MoneyMatters AustraliaNote: The exact outcome depends on the estate structure, the timing, and Centrelink's rules, so individual advice is important before changing a will or disclaiming an inheritance.

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