RAD/DAP or DAC/RAC – when, why and who pays In this article, we look at the important financial accommodation cost considerations when a person needs to to be admitted to permanent residential care. A resident’s classification, either a RAD payer or a low means...
Webinar follow up – Optimising ACFI to fund quality care and what the resident pays Question 1 Is the age pension considered as income? The age pension is considered income under the Aged Care Asset and Income assessment rules. It will be assessed if it and...
Insights into aged care options As we move through the various phases of retirement, our lifestyle and care needs will change as at some point we, or our loved ones, will need varying degrees of assistance. What type of government support is available as care needs...
Getting retirement plans back on track After a year when even the best laid plans have been put on hold due to COVID-19, people who were planning to retire soon may be having second thoughts. You may be concerned about a drop in your super balance, insecure work, or...
Inflation, deflation – what’s in a name? When the inflation rate fell into negative territory in the June quarter, it was so unusual it begged the question of what this means for the economy. Are we facing deflation or even stagflation and what is the...
