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The New Daily
The New Daily
National
Craig Sankey

How the sale of a property can affect your pension payments

Licensed financial adviser Craig Sankey explains how the sale of a property could affect your pension payments. Photo: TND

Question 1: I am 67 years old and want to know if I sell my house and don’t find a new house to buy for at least six months, will I lose my age pension while that money is in the bank?

If you have no form of paid employment at all then you will most likely fall under the pension asset test rather than its income test.

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