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With effect from 1 July 2025: Threshold A increases from $284,636 to $291,825, and Threshold B increases from $155,873 to $159,810 The threshold increases reflect the percentage upward movement in the index number of theNew Zealand Consumers Price Index (All Groups) for the year ending on 31 March 2025 (approximately 2.53%). References Residential Care and … Continue reading
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
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
