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Do you think it's fair that in Australia if you have over 5 acres of land that you don't qualify for a pension?

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Picklebobble · 56-60, M
Governments everywhere are tight like that.
The land will be seen as an asset. And as such the value deducted from any pension provision.
And you're right ! It sucks !
Although, thinking about it. If you were to sell the land you'd probably make a lot more than the value of any pension.
Senorita · 41-45, F
Not necessarily...you should see the land!
Picklebobble · 56-60, M
@Senorita: But aren't you also subject to annual taxes on the land as well ?
Is it possible to transfer ownership of it to somebody in the family then re apply for the pension ?
Senorita · 41-45, F
@Picklebobble: no meant for the "baby boomers" and the government and people who patronize them!