Resources
Useful links and terms.
The official sources we point people to, and the words that come up along the way. Every link goes to a government or independent site, so you can check the details yourself.
Tools
- Care Advance calculator
Estimates what the Pension Top-Up and the Care Advance Loan could provide for your age and home. Not advice.
Official sources
- Home Equity Access Scheme, Services Australia
The official page: eligibility, how to apply, current rates and limits. - Reverse mortgages and home equity release, MoneySmart
ASIC's independent explainer, including the protections that apply. - Reverse mortgage calculator, MoneySmart
See how a reverse mortgage could affect your home equity over time. - My Aged Care
The Government's starting point for aged care assessments and services. - Authorising a person or organisation to act for you, Services Australia
The form used when someone helps you deal with Centrelink.
Glossary
- Pension Top-Up: our Home Equity Access Scheme service, a fortnightly top-up to your pension.
- HEAS: the Home Equity Access Scheme, a Government scheme run by Services Australia.
- Care Advance Loan: a reverse mortgage from Care Advance.
- Home equity release: using the wealth in your home while you keep living in it; the umbrella term for products such as reverse mortgages.
- Reverse mortgage: a loan secured against your home with no regular repayments; repaid later, usually when the home is sold.
- Negative-equity guarantee: a legal protection, so you can't owe more than the home is worth when it's sold.
- CRN: Customer Reference Number, your identifier with Services Australia.
- myGov: the Government's online account, used to apply and receive letters.
- RAD: Refundable Accommodation Deposit, a lump-sum payment for a residential care room.
- DAP: Daily Accommodation Payment, the daily alternative to a RAD.
- Title search: the official record of who owns a property. We obtain it for you as part of your application.
- Rates notice: your council rates bill, used as evidence of the property.
- Power of attorney: a legal document letting someone act for you.
- Nominee: a person or organisation you authorise to deal with Services Australia on your behalf.
- Witness: an eligible person (for example a Justice of the Peace) who must watch certain declarations being signed.
Talk it through with us.
The first conversation is free, with no obligation.
Make an enquiry
or call 1300 144 627