Renting Out Your Family Home: Implications for When You Move into Aged Care

Many Australians have a significant amount of wealth tied up in their family home when it comes time for them to move into aged care, not to mention many precious memories. It’s important to understand the implications of either keeping your home and renting it out or selling it. The decision can have a significant impact on your eligibility for both aged care and social security benefits. Many of these benefits are means tested via both assets and income tests.

In this eBook, we will look at the pros and cons of keeping your home and renting it out versus selling it. We will also look at case studies. The eBook will also be useful for your adult children if they have (or will have) an enduring power of attorney over your affairs.

In this eBook you will discover:
  • Weighing up the potential for capital growth over time
  • Understanding the aged care security assets test exemption
  • Capital Gains Tax considerations
  • Implications of the Refundable Accommodation Deposit (RAD)
  • The bottom line
Downloading this eBook will also give you access to special bonus offers within Spring Financial Group.
This eBook does not substitute professional tailored financial advice. If you wish to meet with an adviser please Make an Appointment.

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