If you move into a residential care facility without selling your home, it will be exempt from the age
pension assets test for 2 years from the date you move into care.
Not exact matches
One step would be stress
testing, engaging
pension funds and companies to examine if they hold carbon - intensive
assets on their books, said Martin Skancke, who spoke on the first panel and is chairman of the Advisory Council of Principles for Responsible Investing, a U.N. - supported initiative that has helped formulate a widely followed voluntary protocol of responsible investment criteria.
A good «stress
test» would be to project your resources solely on your personal
assets and
pensions.
Your eligibility for the age
pension is worked out by taking into account how much income you get (the income
test) and how much your
assets are worth (the
assets test).
The
assets test is used to work out your rate of Age
Pension based on the value of your
assets, including property.
Your
pension balance will be counted as an
asset under the
asset test.
Your age
pension entitlement depends on the value of your
assets (the
assets test) and the income you receive (the income
test).
For details of your Age
Pension eligibility, and the income and
assets tests, go to the Department of Human Services website.
The Financial Information Service officer tells her that the $ 300,000 will be counted towards the
assets test for her Age
pension.
I recall reading that NZ does not have an
assets test when applying for the Age
Pension.
If you are paid a
pension that is means
tested, the DHS or DVA will already hold some of your income and
asset details and you will only need to complete some parts of the form.
It is assumed you are eligible for the age
pension if you qualify under the
assets test and income
test applied by the Department of Human Services.
If you're under age
pension age, your superannuation investments don't count in the income and
assets tests.
Once you reach age
pension age your superannuation investments will count in the income and
assets tests.