When a pensioner is a homeowner, the asset test for the Aged Care Pension may take into account the value of their home as an asset. However, there are some exemptions and thresholds that may apply depending on the circumstances of the pensioner.
The current assets limit for homeowners receiving the full pension are as follows:
| Your situation | Homeowner |
| Single | $280,000 |
| A couple, combined | $419,000 |
| A couple, separated due to illness, combined | $419,000 |
| A couple, one partner eligible, combined | $419,000 |
The current assets limit for homeowners receiving a part pension are as follows:
| Your situation | Homeowner |
| Single | $622,250 |
| A couple, combined | $935,000 |
| A couple, separated due to illness, combined | $1,103,500 |
| A couple, one partner eligible, combined | $935,000 |
There is also an asset test exemption that may apply to the value of the pensioner’s home if they are entering residential aged care. Under this exemption, the value of the home is not counted towards the pensioner’s assets for up to 2 years after they enter care. However, after this period, the value of the home may be included in the assessment of the pensioner’s assets, which could affect their eligibility for the Aged Care Pension.
It’s important to note that the rules around the asset test for the Aged Care Pension can be complex and may vary depending on a range of factors. We suggest you seek advice from an aged care financial advisor for your individual circumstances.
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