Fees in residential aged care are means-tested, but the rules are complicated. This article explores three key facts you need to know about means-tested fees. Providing aged care in a residential service is expensive when you add up wages, equipment and other operational costs. The government pays most of this …
The numbers can be alarming: the World Health Organisation estimates around 1 in 6 people over age 60* have experienced some form of abuse. And most concerning is that this abuse is allegedly perpetrated by a trusted person such as a friend or family member. World Elder Abuse Awareness Day …
You may have heard about the new rules which require directors of Australian companies to obtain a Director Identification Number (director ID). The new requirement to obtain a director ID applies to directors of private companies – which may be how your business is structured – and also to individuals …
It is the great Australian dream to own your own home. But how does your home affect your age pension or the aged care fees you can be asked to pay? Your eligibility for an age pension and/or your liability to pay aged care fees are both impacted by your …
Did you think you would not qualify for the government subsidies on home care? Take another look – you might be surprised. The cost of full-time private care provided in your own home may look daunting. But financial advice along with a government-subsidised home care package and support from friends …
Happy Birthday, Exchange Traded Funds! It’s 20 years today since the launch of the first ETF in Australia. ETFs are simply managed funds that are bought and sold on the ASX (Australian Securities Exchange). There are no entry or exit fees, or buy/sell spreads (which is where you pay more …
When it comes time for a move into residential care, choosing the right service can be a difficult, but important, decision. While choosing carefully is the key to a good experience, many people struggle to know where to start. Your decision will include many factors, but start by making the …
If moving into residential aged care, do you really have to sell your home? What are your choices? Myths and misunderstandings about the rules can add to anxiety and confusion. The stress of moving into residential aged care can be compounded by anxiety around selling the family home. Some people …
As you age, bringing support into your home can help you to remain independent for longer and improve your quality of life. But understanding how to access services can be hard to navigate, and the wait for government subsidies can be long. So, what’s important to know now? You may …
Changes to super, the bringing forward of tax cuts, and two lump sum payments to those on the Age Pension are just some of the Government’s proposed measures from the big spending 2020-21 Budget – released by Treasurer Josh Frydenberg on Tuesday 6 October 2020. There’s no doubt that this …
