Step 4.3

How do I complete an income and assets test?

Completing the Income and Assets Test

To receive a Commonwealth subsidy for some or all of your care and accommodation costs, you must have a means test called the Income and Assets Test.  

It can take four to six weeks to get the results so it’s a good idea to apply to have the assessment as soon as possible.

Remember

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View transcript of video here

You can get the Combined Assets and Income Assessment test (SA457) form by:

When you have completed it, you need to return the form to Services Australia or the Department of Veterans’ Affairs.  The instructions are on the form.  

Services Australia will send you a letter with the results of your assessment, including an itemised list of your income and assets.  This will tell you how much, if anything, you need to pay towards the cost of your care and accommodation.  

In the meantime, you can get an estimate of the fees and costs you may have to pay by using the Aged Care Fee Estimator.

Remember:

You don't have to wait for an ACAT assessment to apply for the income and asset assessment.  You can do this any time and know it is usually valid for 120 days.

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