Income and assets assessment – Centrelink
The Income and Assets Assessment form allows the government to work out what financial assistance – if any – you are entitled to.
Most Government support is means tested; you are expected to pay for your own care if you can afford to.
The assessment covers details including:
● whether you’re single or part of a couple
● whether you have any income
● what assets you have
● whether you have any debts
The form is 31 pages long. Frankly, it’s a slog. If you need assistance filling it out, speak to Centrelink staff, a social worker, or someone who owes you a HUGE favour. The assessment is then valid for 120 days, although if you can have it extended if you apply before it expires. Otherwise, it’s favour time again.
The form: Permanent Residential Aged Care Request for a Combined Income and Assets Assessment (don’t say we didn’t warn you)
For more detail about what income and assets will be assessed, visit MyAgedCare