I have separated from my wife of 28 years. We own our house in both names and have $400.000. I would like to buy a house for myself and my wife has the other.
I am coming up to pension age and Centrelink has told me that if I buy a house in my name, then they will look at the house that my wife is in as an asset, and I will not get a full pension.
If I put the new house in both our names, they will deem that as gifting to my wife and I will not get a full pension.
Any help is welcome.
I am coming up to pension age and Centrelink has told me that if I buy a house in my name, then they will look at the house that my wife is in as an asset, and I will not get a full pension.
If I put the new house in both our names, they will deem that as gifting to my wife and I will not get a full pension.
Any help is welcome.