Are you contemplating moving your parents on to your property and potentially building a Granny Flat? One important topic to discuss in this situation, is if mum or dad own their property and sell it, this could affect their pension. If your parents gift you some of the proceeds of the sale of their property, […]
Once someone or a couple retires, the emphasis needs to be on understanding what their cost of living is going to be in retirement. The focus turns to how do we deliver enough income on a regular basis to cover not only the cost of living now but also what the cost is going to […]
The gifting rules are often mistaken and usually not well understood by the general public. If gifting assets to family or friends it is important to understand the rules and make the correct choices regarding gifting. If you are to make a mistake regarding gifting it could potentially affect your pension and/or aged care costs […]
The idea of moving into residential aged care is not a popular choice for most people and whilst for many it may be the best option for their care, realistically the idea of leaving their home and going to a nursing home is not the preferred option. Currently, many people wait until it may be […]
How can the beneficiaries of an estate get more from the estate? Make sure that the cost of applying for Probate & the distribution of the estate is not based on the value of estate. It isn’t fair that an estate should be charged more to apply for a grant of Probate & distribute an […]
How can you transfer assets to your family without affecting your pension OR enable you to receive some pension? A Granny flat right might be the answer AND there does NOT need to be any Granny flat built! Imagine if you needed more support or care, or wanted to be closer to your family BUT […]
Are you not getting the right amount of pension? Are you having problems getting your pension entitlements fixed, or getting the pension at all? Are you having trouble getting aged care fees corrected? Is it possible to get more? Do you think you might be entitled to some pension? Understanding Centrelink & DVA policies, procedures […]
Just as Centrelink and the Department of Veterans Affairs index their pensions twice a year, some of the fees charged in residential aged care and home care are also indexed on the same dates (20th March and 20th September each year.). Below are the changes to the fees which are indexed for residential aged care […]
Centrelink and the Department of Veterans Affairs (DVA) index their means tested pensions on the 20th March and 20th September each year. The changes to both Centrelink and DVA pensions are as follows: Centrelink (Maximum Pension Entitlement) Singles Couples Illness Separated Couple Was ($ per fortnight) $1,026.50 $773.80 each $1,547.60 combined $1,026.50 each $2,053.00 combined […]
Want to learn more about downsizing or moving into a retirement village? On Friday 24th June, Eric Hiam will be talking at Lendlease Retirement Village discussing Retirement Villages. For more information, see below.