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It is estimated that more than 300,000 Australians will lose some or all of their Age Pension entitlements from 1st January 2017. On the flip side, approximately 50,000 Australians will become eligible for a full Age Pension from the same date. This is due to two key legislative changes; namely: A higher taper rate for
Read More...On the surface, aged care fees appear as a minefield of acronyms that can be difficult to understand. This article looks at the definition of each one and how they combine. For residential aged care there are 4 types of costs: A basic daily fee is used to contribute towards day-to-day living costs such as
Read More...No changes were announced that will directly impact the contributions individuals pay towards the cost of their aged care. However, changes were made to government funding for service providers and this may put pressure on costs. Changes to Aged Care Funding Instrument and funding The government subsidy paid to a residential care provider for each
Read More...The truth is that no-one wants to start a conversation about how they will handle any future challenges relating to their later life. However we believe that it is one of the most important conversations to have as we grow older. Typically these discussions are avoided, and it is easy to do so. Health challenges
Read More...There is a well worn saying that ‘none of us are getting any younger’. While this is a (somewhat unfortunate) truism, it is important to reflect on this ‘ageing concept’ with respect to caring for ourselves and our loved ones. Yes, we are all ageing and although it is something we rarely want to think
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