Residential care subsidy

This tag is associated with 2 posts

Never look a gift horse …

The Court of Appeal decision in MSD v Broadbent takes a considered and principled approach to whether MSD can assess “notional” income on assets that have been transferred to family trusts.  For the background to this case see Notional income knocked back.  [Note that the decision relates to part 4 of the Social Security Act 1964 (the … Continue reading

Trusts and residential care subsidies

Approximately 19,000 New Zealanders in long-term residential care receive a residential care subsidy (RCS), that is financial assistance with long-term care once a person is no longer able to be cared for at home.   To qualify for a RCS a person must first be able to show a limited level of assets.  However, if a … Continue reading