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As I said in my previous post, deprived assets are taken into account for 5 years. Pensioners can gift up to $10,000 a year without penalty, with a maximum of $30,000 in five years. Marg

First issue to sort out is what sort of Veteran's pension your father is on. Some are means tested and some aren't. If his is NOT means tested then it does not matter what he does with his money or income. If it is means tested then you will have to be careful. There are limits to how much...