Emergency Benefit : Contents
Cash assets of person requiring care
Cash assets mean the assets of the person requiring care and their partner (if any) that can be easily converted into cash (a realisable asset) for their personal use.
Cash assets include
- bills of exchange or promissory notes
- building society shares
- money in bank accounts, including fixed and term deposits with any bank, friendly society, credit union, or building society
- money invested with or lent to any bank or other financial institution
- mortgage investments and other long term loans
- shares, stocks, debentures, bonus bonds, and other bonds
- the client's share in any partnership
- the net equity held in any property or land not used as the person's home
Cash assets do not include
- a caravan, boat or other vehicle with a net equity less than $2000 or is which is used by the client or a member of their family for day to day accommodation
- any interest in an annuity or any life insurance policy
- Christchurch mosques attack support payments
- Crown funds provided directly to clients to purchase Support Services and Direct Disability Support payments
- funds locked into KiwiSaver and other retirement scheme accounts
- Information share Child Support payments currently being charged as income
- motor vehicle principally used by the client for private use
- MSD lump sum payments for the first 12 months after the payment is made
- payments from the Earthquake Commission and insurance companies for:
- rebuilding or repairing the damage to homes caused by the Canterbury Earthquake 2010 (including aftershocks) or
- the costs of renting temporary accommodation because people can no longer live in their home due to damage from the Canterbury Earthquake 2010 (including aftershocks)
- payments made by the Canterbury Earthquake Commission (Red Cross)
- payments made on or after 20 June 2011 by the Crown as a payment or part payment for the purchase price for any property or land in the red zone under a Government offer that has been accepted by the homeowner
- Payments of arrears to Special Benefit clients better off on Temporary Additional Support for the first 12 months after payment is made
- Payments of Accommodation Supplement arrears due to system processing error from 1993 to 2014 (and any interest earned on the payment), for the first 12 months from when the payment was received
- Payments to clients whose Kāinga Ora tenancy was terminated due to methamphetamine contamination for the first 12 months after payment is made
- personal effects
- Residential Care Subsidy historic review refunds for the first 12 months after the payment is made
- specified Ex gratia and compensation payments
- the home property and land on which it is situated
- FamilyBoost Tax Credit payments for the first 12 months after payment is received
- Bonus Payment for the first 12 months after the payment is made
A bank overdraft is not considered a cash asset or resource available to a client.
For information about how to include the patients cash assets in the assessment of income see:
