by Alteris Financial Group | Jun 1, 2021 | Aged Care
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...
by RebeccaD | May 4, 2021 | Aged Care
Should we pay the accommodation amount as a RAD or a DAP? It is common for our clients to ask us if they should pay the accommodation amount as a Refundable Accommodation Deposit (RAD) or Daily Accommodation Payment (DAP) when a loved one enters care. Often, the...
by RebeccaD | Feb 2, 2021 | Aged Care
What are RADs and DAPs when someone moves to a residential aged care facility? When transitioning to residential care, an individual may be required to pay an accommodation cost known as a Refundable Accommodation Deposit (RAD), depending on their assessable assets...
by Alteris Financial Group | Sep 22, 2020 | Aged Care
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...
by RebeccaD | Aug 10, 2020 | Aged Care
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...
by RebeccaD | Jun 16, 2020 | Aged Care
How does a jointly owned property affect aged care fees? One of the first questions many families ask when a loved one is permanently moving to an aged care home is what to do with the family home. The decision is never purely a financial one, however knowing the...
