Current as of 17 Feb 2026. Always verify current year rates.
What impact does gifting money have on the Age Pension?
Short answer:
Gifting can affect the Age Pension because amounts you give away may still be counted under ‘gifting’ (deprivation) rules for a period, rather than disappearing from the assessment straight away. The rules and allowable limits can change, so use the Services Australia gifting guidance and the Social Security Guide for current treatment before making significant gifts.
Key takeaways
Gifting may still count in Age Pension assessments under deprivation rules
It can affect both the assets and income tests outcomes
Rules and limits can change, so use current government guidance
Large or regular gifts can create unexpected pension impacts
Consider timing and documentation
Why this matters
Helping family can feel good, but pension rules can create surprises. Understanding the rules helps you support others while protecting your own choices and security.
Mini-plan (3-4 steps)
- List any gifts you’re considering (amounts and timing).
- Check Services Australia gifting guidance and the Social Security Guide section.
- Consider how the gift changes your assessed assets/income over time.
- For significant gifts, consider licensed advice first.
Related questions
Sources (so you can verify)
Disclaimer: Information provided is general in nature and does not constitute personal financial advice. You should consider seeking advice from a licensed financial planner before making any financial decisions.
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