Effective 1 July 2024 the thresholds that apply to residential care subsidy (RCS) applications have been updated. The assets limits for the 65 + demographic are now:
- Threshold A – $284,636
- Threshold B – $155,873 (excluding the family home and car).
The gifting limit for the five year period before an RCS application is $8,000 per annum.
The income from assets limits are now:
- $1,236 a year for a single person
- $2,472 a year for a couple when both have been assessed as needing care
- $3,707 a year for a couple where one partner has been assessed as needing care
References:
Matters of Trust 
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