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QLD Getting Full Pension from Centrelink?

Discussion in 'Family Law Forum' started by pauldo, 22 July 2016.

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  1. pauldo

    pauldo Member

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    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.
     
  2. AllForHer

    AllForHer Well-Known Member

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    Have you considered divorce and finalising a property settlement? While ever you are still married, you have a joint interest in each other's property, which is why Centrelink takes it into account as an asset affecting your pension.
     
  3. Tim W

    Tim W Lawyer

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    Does the house have a mortgage or any other interest on it?
     
  4. pauldo

    pauldo Member

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    Yes, I have thought of that but I was looking at the legal side. Why can't the new house be in joint names?
     
  5. pauldo

    pauldo Member

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    No
     
  6. Tim W

    Tim W Lawyer

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    In that case, divorce and property settlement may well provide the most clarity.
    In Centrelink-think, a mere gift can still be a deemed asset.
     

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