What happens when a parent needs to go into a nursing home? Our clients often tell us that the decision to move a parent into residential care leaves them feeling overwhelmed with emotion and apprehension. While they know permanent residential care is the right step...
How do gifts affect aged care fees and the age pension? Helping your children or grandchildren with money is one of the most natural things a parent can do. However, Centrelink and the Department of Veterans’ Affairs (DVA) set limits on how much you can give...
Good budget news for aged care The good news is that this year’s Budget did not increase how much we pay for the aged care services that we access. But an additional $17.7 billion spend – which will be fully paid for by the Government – was aimed at...
RAD vs DAP: Understanding your aged care payment options By Kerri Mendl Managing Adviser, Lifestyle and Care Kerri is a specialist lifestyle and care financial adviser based in our Brisbane office. She is committed to helping families navigate the transition into aged...
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...
How much does residential aged care cost? When a loved one needs to go into care the family is often met with a range of costs. These can vary between aged care providers and are broken down into three broad areas. There are accommodation payments, living costs and...
