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The New Daily

Craig Sankey

Ask the Expert: A balanced approach – simple tips for an enjoyable retirement

Don't have too narrow a focus and always keep some funds up your sleeve for emergencies.

Question 1.

a. At present I receive a part age pension. If I sell my house (approx. $1.5million) before agent’s commission etc, and wish to spend the proceeds on another property within 12 months, the Centrelink website advises I can still receive the pension (if I can prove I intend to spend it on another house). How do I prove I intend to spend it on another house?

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