Residential Care Subsidy (RCS) - A Review of the Rules

This webinar will provide a current overview of the RCS.It will be targeted at practitioners who have clients requiring or anticipating long-term residential care.

RCS applications have two components: the means test and the income assessment. This webinar will start with an overview of the means and income assessment for RCS purposes and how these are conducted post the Broadbent case.

Other issues/areas covered in the webinar will include the following:

• The application process.
• Excess gifting.
• Exempt assets and income.
• The Residential Loan Scheme.

Note this webinar will cover the recent increases in:

• The means test threshold.
• The excluded income threshold.
• The gifting exclusion.
• Other assistance amounts.

Suited to:

• All practitioners involved in long-term asset and estate planning.
• Advisors with elderly clients.
• Anybody with elderly family members.