How do gifts affect aged care fees and the age pension? It isn’t uncommon for parents to want to help their children or other family members financially through a gift of cash. But did you know that providing a financial gift can affect your Age Pension and 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...
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...
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...
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...
