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Your home & life events
Selling or downsizing your home, inheritances, gifting and other changes.
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- Assets test
- Eligibility
- Income test & deeming
- Rates & indexation
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- Your home & life events
Selling your home, downsizing and the Age Pension
Your home is exempt from the assets test, so selling it can change your pension more than anything else. Here is how sale proceeds, the 24-month exemption, renting and downsizer contributions are treated.
Does an inheritance affect your Age Pension?
An inheritance is not income, but it counts as an asset from the day you receive it and is deemed to earn income. Here is how it affects a full or part pension, what happens with an inherited house, and the gifting rules.
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