If you keep your home, it is automatically exempt from
the DHS/DVA Assets test for two years
after you enter a residential aged care service. After
two years, your pension will normally be
re-assessed under the ‘non-homeowners assets test’,
with the value of your home included as an asset.
The best option will vary from person to person depending on your financial circumstances. We strongly recommend you seek independent financial advice on what is right for your circumstances.
The best option will vary from person to person depending on your financial circumstances. We strongly recommend you seek independent financial advice on what is right for your circumstances.
Was this page helpful?