Aged Care

Selling the family home

“Do we need to sell the family home?” is usually the first question asked by homeowners considering entry into an Aged Care facility. While it is one option, it is not the only option. You might consider renting the family home, while structuring your Aged Care strategy to ensure that the rental income is exempt from income tests. This strategy would allow you to retain the family home, and generate cash flow.

Relationship between Aged Pension and Aged Care

Centrelink plays a central role in assessing income levels and assets, which in turn determines the cost of care and the maximum level of accommodation bond for pensioners and self funded retirees. At BHA, we understand that the rules are complex. That’s where our expertise comes in handy. Whether you are a pensioner or self funded retiree, we help you structure your financial assets to maximise income and minimise the Aged Care fees.