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?
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!