News — topic-023

Will downsizing cost you the age pension? How the proceeds are treated

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Will downsizing cost you the age pension? How the proceeds are treated

Selling the family home turns an asset Centrelink ignores into money it counts, and that scares a lot of people out of a move that would suit them better. Here's how the assets test, the 24-month exemption and the downsizer contribution actually work.

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