More equitable to use home ownership in means-testing
The writer of “Review choice of home used in means-testing” (April 14) cites the possibility of retirees being wrongly penalised in terms of assistance and subsidies if they live in their child’s higher-valued home, instead of their own smaller flat.
The writer of “Review choice of home used in means-testing” (April 14) cites the possibility of retirees being wrongly penalised in terms of assistance and subsidies if they live in their child’s higher-valued home, instead of their own smaller flat.
I agree. Problems can also manifest if the eligibility criteria for social support can be exploited by staying in someone else’s cheaper home, while owning other higher-valued assets. Also, some may not own a home at all.
Hence, a measure that considers ownership may contribute to a more equitable social-support system.
Leoson Hoay Hong Cheng
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