Calculating your costs for residential aged care
We assess your income and assets to work out how we can help you with the cost of residential care. This may include the value of your home.
We add up all your income, including any deemed income on:
- financial assets
- money or assets you’ve gifted in the last 5 years.
We add up the value of all your assets.
We also take into account if you’re single or partnered or own your own home.
Read about what income and assets get assessed on the My Aged Care website.
Page last updated: 18 December 2019
This information was printed 4 July 2020 from https://www.servicesaustralia.gov.au/individuals/services/aged-care-means-tests/how-get-help-residential-aged-care/calculating-your-costs-residential-aged-care. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.