GIFTED DEPOSIT MORTGAGES. A gifted deposit is a sum of money given to you by a third party as a deposit on a property. There are currently five options currently available for gifted deposit mortgages. These are available on residential and Buy-to-Let purchases.
Assessable income is the income we use to work out your payment rate. If you have a partner, we take both of your incomes into account. Examples of assessable income include: deemed income from financial investments, including money in superannuation funds if you have reached age pension age.
Once all the allowable expenses are deducted from your earnings, the figure that remains is called âcountable income.â Countable income is the figure used to determine whether or not you engage in substantial gainful employment and are eligible to receive Social Security Disability benefits.