Ask Noel: windfalls, mortgages and more

By Noel Whittaker
March 22 2018 - 8:00am
Ask Noel: windfalls, mortgages and more
Ask Noel: windfalls, mortgages and more

IF a disability pensioner receives a windfall of $600,000, do they lose their disability entitlement? I have an elderly relative intending to give this considerable monetary amount to a young family member. This pensioner has now got a large family and the amount he receives from the government is considerable. His disability pension was obtained while in his teen years and it seems, was never reviewed. He has no intention of working and realises in the long term he is financially better off staying on government money and benefits. Would he lose the pension?

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