This webinar will provide a current overview of the RCS. It will be targeted at practitioners who have clients (or their family members) requiring or anticipating long term residential care.

The webinar will assist practitioners who advise clients regarding their (RCS) applications and/or expectations.

RCS applications have two components: the means test and the income assessment. The course will start with an overview of the means and income assessment for RCS purposes and how these are conducted post the Broadbent case. The webinar will also include updated threshold amounts as at 1 July 2025.

Other issues/areas covered in the webinar will include the following:

• The application process
• Excess gifting
• Exempt assets and income
• The Residential Loan Scheme

Upon satisfactory completion of this webinar, you will be able to:

• articulate the rules and requirements of the RCS
• advise clients regarding long term asset and estate planning in contemplation of the RCS
• avoid structures that are ineffectual for RCS purposes.

Suited to:

• all practitioners involved in long term asset and estate planning
• advisors with elderly clients
• anybody with elderly family members.

Duration: 1.00 CPD hours (55 mins plus 5 mins Q&A)

PRESENTER

Mike Hadwin, Director, Symmetry Advisory
Mike has been a regular presenter for TEO Training. You’ll learn from Mike’s 40 years of tax experience as a public CA and facilitator. His clear presentation style enables you to quickly understand and apply practical learning concepts to common situations you may face in your role.