The "Double-Counting" Trap: Why Karen’s Home Deposit Cost Her a Pension Cut

Can moving your own money actually make you 'richer' in the eyes of Centrelink? For Karen, the answer was a frustrating 'yes.' By withdrawing funds for a home deposit at the wrong time of year, she ended up being assessed on the same money twice—losing part of her pension in the process. Read on to see how a little bit of pre-planning could have prevented this costly administrative nightmare.