If you are single the limit is $273,628
If you are a couple and you both need care the limit is $273,628
If you are a couple, and one of you needs care there are two options:
- This option is often chosen by those who have more limited assets. The limit is $273,628
- This option is often chosen by those who have more assets. The limit is $149,845
The above applies as at July 2023. The amount is adjusted annually and rarely, as required.
NOTE: This is a guide only. Individual circumstances vary widely, and details may change so get current information from Work and Income.
Other related Knowledge Lab articles include:
What is the residential care subsidy?
Financial means assessment - income & asset testing
How much does living in a residential care home cost?
For more information about residential care
For: an overview of residential care
For: details of all residential care facilities in the country
For: residential care VACANCIES that are updated daily and shown on a map
Updated: 30 Jan 2024