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Showing posts from November, 2015

The Age Pension and Airbnb

We have received quite a few requests for information regarding running and Airbnb – or equivalent – while receiving the age pension. There appears to be two reasons why people are considering this option: To reduce their assessed asset base leading up to new pension rules in 2017. To avoid ‘losing the pension’ pensioners are considering home renovations to enable the provision of an income generating service such as Airbnb. Recent press articles have implied pensioners are ‘hogging’ prime residential space.   So what happens if an age pensioner provides a service such as Airbnb? Currently Centrelink will treat the income as a ‘board and lodging’ category income. In a more traditional ‘board and lodging operation’ the declared income is more easily declared. We understand this is currently understandably being reviewed by Centrelink. So what happens if the income is sporadic? Then it falls into a type of wage/income reporting where fortnightly income reporting is