TechHub

Assessment of the former home upon entering aged care


Brought to you by Challenger Tech

A key consideration for many individuals when moving into residential aged care is the decision around the former home. The technical team from Challenger provide a recap of the general rules for the social security and aged care assessment of the former home as well as their application to various scenarios and family arrangements.


Related articles

30 Mar 2022

Federal Budget 2022-23

On Tuesday 29 March, Treasurer Josh Frydenberg handed down the 2022 Federal Budget, which was eagerly awaited given the impact it could have on the forthcoming election outcome. The Treasurer detailed the current state of the economy, a plan to help Australia move past a difficult two-year period following the COVID-19 pandemic and a number…

29 Mar 2022

Fast Facts

This handy guide presents the key facts and figures that are useful for someone dealing with SMSFs. No need to look it up on the internet, our facts and figures guide has it all in one place. The guide covers tax, tax offsets, superannuation, social security and aged care.

3 Mar 2022

A deep dive into the means tested care fee

Brought to you by ChallengerTech Means-tested care fee (MTCF) is a component of periodical aged care fees. It is usually a calculated amount and is a co-contribution towards cost of care for those who have the means. It is calculated based on assets and income of an aged care resident and is subject to an…