KGB Financial Planning Pty Ltd

KGB Financial Planning Pty Ltd Financial Planning Services

02/06/2026

What is the Carer Payment from Centrelink

The eligibility rules include providing constant care for someone who is likely to need care for at least 6 months, and both the carer and care receiver generally need to meet residence, income and assets tests.

The Carer Payment is a Centrelink income support payment for people who provide constant care to someone with a disability, serious medical condition, terminal illness, or an older person who is frail.

If your caring responsibilities prevent you from working full-time, you may be eligible.
You can still work, study, volunteer or train, provided you stay within the participation rules and meet the eligibility requirements. Always check your individual circumstances with Services Australia.
RetirementPlanning FinancialAdvice KGBFinancialPlanning CentrelinkTips Australia

01/06/2026

Small steps. Consistent habits. Long-term results.
The more you learn, the better financial decisions you make.
And unlike social media opinions, financial knowledge actually compounds. 😉
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01/06/2026

Can you receive a Carer Payment/allowance if someone you are caring for has a Home Care Package? Yes you can!

A Home Care Package doesn't stop eligibility for the Carer Payment. Centrelink looks at the level of care being provided and whether the caring responsibilities remain substantial and ongoing.

Don't assume you're not entitled understanding the rules could make a big difference to your finances.

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31/05/2026

If you inherit money and then pass it on to your children or anyone else Centrelink will treat it as a gift under the gifting rules. That could impact your Age Pension or other benefits.

Consider updating the will of the person leaving the inheritance so the assets pass directly to your children. If structured correctly, it may avoid being treated as a gift from you.

Before making any decisions, get advice one change in a will can make a big difference.

FinancialAdvice WealthTransfer FamilyWealth Retirement KGBFinancialPlanning MoneyMatters AustraliaNote: The exact outcome depends on the estate structure, the timing, and Centrelink's rules, so individual advice is important before changing a will or disclaiming an inheritance.

31/05/2026

Are you turning 67 and receiving the Carer Payment? You do not automatically switch to the Age Pension. You get to choose!

Carer Payment recipients are eligible for the annual Carer Supplement. However, the rules for overseas travel are different. A move to the Age Pension may provide greater flexibility if you're planning extended travel.

Before making the switch, understand how it could affect your payments, supplements, travel plans, and long-term entitlements. Seek advice before switching.

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30/05/2026

Centrelink make processing errors and people there don't always understand the rules .

it's so important to check your own income and asset thresholds, payment rates, reporting, and letters.

✅ Check your payment regularly
✅ Read every Centrelink letter
✅ Make sure your income and assets are recorded correctly
✅ Ask questions if something doesn't look right

JobSeeker AussieSeniors MoneyTips FinancialLiteracy CostOfLiving PensionTips RetirementPlanning KnowYourRights CentrelinkHelp AustralianBenefits MoneyMatters GovernmentPayments Australia SeniorLiving FamilyFinance

30/05/2026

Gifting money/assets? Think again!

Centrelink rules only allows gifts of up to $10,000 per financial year, with a maximum of $30,000 over 5 years.

Gift more than that and the excess could still count as your asset for 5 years, potentially reducing your Age Pension.

GiftingRules Retirement FinanceAustralia KGBFinancialPlanning

29/05/2026

🇦🇺 WHEN CAN YOU RETIRE IN AUSTRALIA?

Think you have to wait until 67 to retire? Think again. Understanding your Preservation Age, super access rules and Age Pension age could change your retirement plans.

✅ You can generally access your super from age 60 if you've met a condition of release.

✅ Age Pension Age is currently 67, subject to meeting Centrelink income and asset tests.

FinancialPlanning RetirementGoals AustralianRetirement KGBFinancialPlanning MoneyMatters RetirementTips FearlessFinance

29/05/2026

Centrelink doesn’t automatically update your assets. Your car depreciates, bank balances change and outdated assets could affect your payments.

Review your details regularly, it could mean thousands. Effie Zahos AustralianSeniors FinancialAdvice Pension CostOfLiving KGBFinancialPlanning

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