image

What is Rent Assistance?

And how is it unlocking financial support for retirement village residents?

What is Rent Assistance?

And how is it unlocking financial support for retirement village residents?

5 min read

The Australian Government's Rent Assistance scheme is unlocking financial support for retirement village residents

We understand how crucial financial security is for a comfortable retirement. Did you know, if you're living in or eyeing a retirement village for your golden years, you may be eligible for additional financial support through the Australian Government's Rent Assistance scheme

The Rent Assistance scheme provides financial support to individuals paying rent or, in this case, maintenance fees, while receiving an eligible government pension. So, How can you claim Assistance? If you are receiving one of the qualifying pensions, the government will automatically assess your eligibility for Rent Assistance when you claim the pension or notify your change of address. 

The amount of assistance you may receive is calculated based on the maintenance fees, or rent paid – please refer to Services Australia for further information. 

Various criteria apply that affect eligibility, for full details, please refer to the Australian Government's official page and consider seeking independent financial and legal advice to make informed decisions. 

So, if you're dreaming of a worry-free retirement, consider exploring whether Rent Assistance could make your retirement years even more enjoyable. Don't miss out on the potential financial support available to you!

 

 

Disclaimer: The information on this page is intended as an overview only and is current as at 26/03/2024. To determine your eligibility for Rent Assistance, please visit the relevant government website links above and/or talk to your legal and financial advisers. This article contains links to other websites operated by third parties ("Third Party Websites"). Levande does not endorse, or approve of the operators of Third-Party Websites, or the information, graphics, and material on those Third-Party Websites ("Third Party Material"). Subject to any applicable law which cannot be excluded, Levande makes no warranties or representations (a) regarding the quality, accuracy, merchantability, or fitness for purpose of Third-Party Material or products or services available through Third Party Websites; or (b) that Third Party Material does not infringe the intellectual property rights of any person. Levande is not authorising the reproduction of Third-Party Material by linking material on this Website to Third Party Material.