Mum moved into Aged care is selling home so
Selling home will give her around $1m with 9 month settlement. This means she would lose pension so how does she pay for her care. Currently she has paid 2/3 of refundable bond. Govt take 85% pension and she pays daily fee at the moment.
what happens when she is illegible for pension upon settlement of home?
Thanks
Bella
3 comments
3 comments
Bella
She will have to pay for her care out of the $1 million dollars, the same as other seniors who are not entitled to a pension.
Find out how much she will get if she puts it into an income stream.