Technicalities & practicalities of Age Pension & Aged Care advice for SMSF members

  • Presentations
  • Aged care

National Conference 2022

Traditionally, many may have thought that Age Pension and Aged Care advice was rarely required by SMSF members because, simplistically, SMSF members had too much in the way of assets to be eligible for an Age Pension and wound up their SMSFs a long time before needing Aged Care. The reality today is quite different. During a retirement that, for many, will last decades, many SMSF members will become eligible for a part, or full, Age Pension. During this time some SMSF members will need the support of home or residential Aged Care.

This session will address the technicalities and practicalities of Age Pension and Aged Care advice for SMSF members, including:

  • Means testing rules and strategies for both Age Pension and Aged Care purposes;
  • Strategies for improving eligibility to other Centrelink concessions (including concession and health cards);
  • Strategies for improving the affordability of Aged Care services, and;
  • Practical considerations for SMSF members and trustees.

At the end of this session, you will be able to: 

  • Understand Age Pension eligibility and strategic considerations for SMSF members;
  • Understand Aged Care considerations for SMSF members;
  • Identify other Centrelink concessions (including concession and health cards) for SMSF members.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association