Basic security in old age: Who Qualifies and What You Get
Learn if you qualify for financial support to cover living costs and rent if your pension falls below the subsistence level.
This scheme provides financial assistance to help cover essential living expenses for seniors whose pension income is not enough to meet basic needs.
Who it's for
This support is for pensioners whose total income falls below the required subsistence level.
What you get
You can receive a monthly top-up to your existing income. This money is intended to cover your basic daily living costs and your rent.
What it costs you
There is no direct fee to apply, but you must provide full disclosure of all your assets and savings to prove you need the assistance.
The catch to know
You cannot receive this support if you have significant savings. Any assets held above a certain threshold must be used to fund your living costs before you become eligible for this aid.
How to apply
- Gather documents regarding your current pension and all personal savings.
- Contact your local social office to request the necessary application forms.
- Submit your completed application and financial disclosures for review.