Tag: means testing changes


Pensioners may be forced to sell Sydney homes as government tightens means testing

Pensioners may be forced to sell Sydney homes as government tightens means testing

Although the new rule are proposed to only take effect early next year, we can’t help but worry about the possible implications it may bring to retirees entering residential aged care. Starting 1 January 2016, rental income will no longer be exempted from means testing of age care facility fees. This may result in more retirees opting to sell their home instead or of keeping there...

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