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.
- financial assets
- money or assets you’ve gifted in the last 5 years.
We add up the value of all your assets.
Read about what income and assets get assessed on the My Aged Care website.
If you own the home you lived in before going into care, we may count it as an asset. It depends on who’s living there.
Page last updated: 18 December 2019
This information was printed 25 February 2021 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.