Former Home and Rent
July 5, 2020
For most people looking at funding aged care the biggest decision they face is whether to keep (and possibly rent) or sell the former home
This document is part of the Aged Care Gurus Advice Library. You can find templates for SOA Wording, DVA Forms, Aged Care Forms, and Centrelink Forms.
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For most people looking at funding aged care the biggest decision they face is whether to keep (and possibly rent) or sell the former home
An annuity provides guaranteed regular payments for a set period of time in exchange for an initial capital investment. Unlike market linked retirement income streams, annuities give clients certainty - they know how much they will get and how long it will last.
Superannuation, when held in accumulation phase by a client under age pension age, is an exempt asset for pension and aged care means testing. Account-based pensions are assessable assets that are subject to deeming except where they qualify for grandfathering.
