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Courses/Accounting & Tax/Estate Taxation

Residential Care Subsidy (RCS) - A Review of the Rules

Advising Clients on Long-Term Care and Estate Planning.

Created byTEO Training
BeginnerUpdated Jan 21, 2025
Residential Care Subsidy (RCS) - A Review of the Rules

What You'll Learn

check_circleUnderstand the rules and requirements of the Residential Care Subsidy (RCS).
check_circleAdvise clients on long-term asset and estate planning strategies related to the RCS.
check_circleIdentify common mistakes and avoid structures that are ineffectual for RCS purposes.
check_circleNavigate the application process and exemptions to maximize RCS benefits for clients.

About This Course

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

RCS applications have two components: the means test and the income assessment. This webinar will start with an overview of the means and income assessment for RCS purposes and how these are conducted post the Broadbent case.

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

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

Note this webinar will cover the recent increases in:

  • The means test threshold.
  • The excluded income threshold.
  • The gifting exclusion.
  • Other assistance amounts.

Suited to:

  • All practitioners involved in long-term asset and estate planning.
  • Advisors with elderly clients.
  • Anybody with elderly family members.

Your Instructors

TEO Training
TEO Training
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star214 reviews

TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.

Mike Hadwin
Mike Hadwin

Director, Symmetry Advisory

Mike is a regular presenter for TEO Training. You’ll learn from Mike’s 30-plus years of tax experience as a public Chartered Accountant (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.

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