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Home Sweet Home
Read more: Home Sweet HomeIt is the great Australian dream to own your own home. But how does your home affect your age pension or the aged care fees you can be asked to pay? Eligibility for an age pension and liability to pay aged care fees, are both impacted by your assets and income. This includes an assessment of where you live and your ownership status. The Centrelink (or Veterans’ Affairs) assets test starts by identifying you as either a homeowner or a non-homeowner. A higher threshold applies to non-homeowners but homeowners receive an exemption for the home. At first glance it may…
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Too Wealthy for Home Care Subsidies?
Read more: Too Wealthy for Home Care Subsidies?Did you think you would not qualify for the government subsidies on home care? Take another look – you might be surprised. The cost of full-time private care provided in your own home may look daunting. But financial advice along with a government-subsidised home care package and support from friends and family, might make home care achievable and affordable. Each home care package comes with an assigned budget that you can choose how to spend on care services (after administration costs). Part of this budget is paid by the government and part is paid by the recipient. But are you…
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FREE SEMINAR – Aged Care – What you need to Know
Read more: FREE SEMINAR – Aged Care – What you need to KnowThe aged care system is complex. Myths and misunderstandings abound. To sort out fact from fiction invest an hour attending our Planning for aged care seminar. Find out: • what aged care services are available • the real costs of residential aged care • what payment options are available, and • strategies to cover costs and achieve the best financial outcome for you Our next seminar near you The seminar will held on 22 February 2019 at 10:00am at a Dubbo RSL, Jacaranda Room. Don’t make important decisions without all the facts. Seats are limited. Reserve your place now at this free seminar by…
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Christmas brings together families and important decisions
Read more: Christmas brings together families and important decisionsAs we approach the end of another year many people will be looking forward to the festive season and the chance to slow down and catch up with family, particularly elderly parents. Busy lives and distant homes can make it easy to feel out of touch. Sadly, at this time of year adult children may also begin to notice changes in their ageing parents. It’s distressing and worrying to accept that your parents who were once vital may soon need help to manage their day to day needs. Hard decisions may need to be made and many children and parents…
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2018 FWP Federal Budget Overview
Read more: 2018 FWP Federal Budget OverviewLast night’s federal budget stood out on a tax perspective and there were a couple of other positives to be found. Importantly, we’ve just clocked two consecutive budgets without major superannuation meddling. And the super changes we did get were positive. Pensioners The Pension Loans Scheme will be opened to all Australians over 65, including full rate pensioners and self-funded retirees, so they can boost their retirement income by up to $11,799 for a single and $17,800 for a couple without impacting on their eligibility for the pension or other benefits. Essentially a reverse mortgage, anyone over the retirement age can…
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