07 3262 6585 Book a time

Picture Book · Age Pension

Gifting

Story pages

A woman in her mid seventies hugging a young woman on a driveway beside a small hatchback
Meet Beverley. She's 75 and wants to help her granddaughter buy a car.
An open hand holding a small wrapped parcel tied with string
She can give away as much as she likes, but gifts above a set amount still count toward the means tests.
A single wrapped parcel on a wooden table
She can gift up to $10,000 in a financial year without affecting her pension.
Three wrapped parcels lined up on a windowsill
And up to $30,000 over five financial years, with no more than $10,000 in any one year.
A clock on a wall above a mantelpiece
Anything above that is still counted as her asset, and deemed, for five years from the gift.
A woman in her mid seventies tucking a card into an envelope at a hallway table
Beverley spreads her gifts across years and keeps a note of the dates.

The end

Want this for your situation?

Every situation is different. One of our advisers can help you work out what applies to you.

Book an appointment with one of our advisersRead the full article

Next story: Couples count together

General advice warning. This picture book is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal advice. Rules and thresholds change. Before acting, consider whether it is right for you, read any relevant Product Disclosure Statement and our Financial Services Guide, and seek personal advice. Past performance is not a reliable indicator of future performance.

Information as at 27 October 2026. Sources:

1 / 7

Swipe, use the arrows, or press ← → on your keyboard.

Want this for your situation?

Every situation is different. One of our advisers can help you work out what applies to you.

Book an appointment with one of our advisersor call 07 3262 6585

Keep exploring: More age pension stories · All picture books · Age Pension what-if planner · Cost-of-living help for homeowners