I am looking at becoming the enduring guardian for a couple in their 90s. They are Australian citizens but grew up in Europe between World War 1 and World War 2. As such they lack trust in banks.
they have rented all their lives, have limited assets <$100k and are on full pensions.
In a recent discussion I became aware of the fact that they have a significant amount of cash hidden somewhere.
I want them to get this money into a bank and feel they should notify Centrelink ASAP. However I don’t want to advise them to do something that may jeopardise their pensions.
Even with this money they are well below the asset test for a full pension.
Does anyone know what Centrelink’s policy is if old people like this “come clean”?
they have rented all their lives, have limited assets <$100k and are on full pensions.
In a recent discussion I became aware of the fact that they have a significant amount of cash hidden somewhere.
I want them to get this money into a bank and feel they should notify Centrelink ASAP. However I don’t want to advise them to do something that may jeopardise their pensions.
Even with this money they are well below the asset test for a full pension.
Does anyone know what Centrelink’s policy is if old people like this “come clean”?