When someone moves into an Aged Care facility and sells their home to pay the Accommodation Payment as a Refundable Accommodation Payment (RAD, or Lump sum), if they have residual funds left over after paying the RAD, then there may be an impact on: Age Pension and Service Pension The residual funds left over after […]

Are you, or someone you know looking to downsize or move into a retirement village? If your answer is ‘Yes’, then the Assisted Living Apartments at Riverview at Carrington may be for you. Situated in the secluded Carrington Estate at Camden, the Riverview Assisted Living Apartments are designed to offer low maintenance, luxury apartments for […]

From the 20th September 2019 Centrelink & DVA (Dept. of Veterans Affairs) will apply the new deeming rates, which were announced in July this year. Centrelink & DVA use an income and asset test to work out how much pension they can pay pension recipients. Centrelink & DVA include any “deemed income” in the income […]

The Government has announced the following increases to Age Pensions, Disability Pension & the same applies to Service Pensions for DVA The maximum rate of Age, Disability & Service pension (DVA) per fortnight Basic rate Plus + Supplements Total pension Single $850.40pf $68.90 +$14.10 $933.40/pf Couple $641.00/pf $51.90 +$10.60 $703.50/pf each $1407.00/pf combined Illness separated […]

The Government has announced the indexation to the Aged Care Fees for September 2019, only the Basic Daily Care Fee changes affect existing residents. Post July 2014 Residents, Basic Daily Care Fee (BDCF) $51.63/day Annual Limit of Means Tested Fee $27,754.52 pa Lifetime limit of Means Tested Fee $66,610.90   Pre July 2014 Residents Basic […]

The Government has announced the indexation to the Aged Care Fees for March 2019, only the Basic Daily Care Fee changes affect existing residents. Post July 2014 Residents, Basic Daily Care Fee (BDCF) $51.21/day Annual Limit of Means Tested Fee $27,532.59 pa Lifetime limit of Means Tested Fee $66,078.27   Pre July 2014 Residents Basic […]

The Government has announced the following increases to Age Pensions, Disability Pension & the same applies to Service Pensions for DVA The maximum rate of Age, Disability & Service pension (DVA) per fortnight Basic rate Plus + Supplements Total pension Single $843.60/pf $68.50 +$14.10 $926.20/pf Couple $635.90/pf $51.60 +$10.60 $698.10/pf each $1396.20/pf combined Illness separated […]

The Government has announced the following increases to Age Pensions, Disability Pension & the same applies to Service Pensions for DVA The maximum rate of Age, Disability & Service pension (DVA) per fortnight Basic rate Plus + Supplements Total pension Single $834.40/pf $67.80 +$14.10 $916.30/pf Couple $629.00/pf $51.10 +$10.60 $690.70/pf each $1381.40/pf combined Illness separated […]

The Government has announced the indexation to the Aged Care Fees for September 2018, only the Basic Daily Care Fee changes affect existing residents. Post July 2014 Residents, Basic Daily Care Fee (BDCF) $50.66/day Annual Limit of Means Tested Fee $27,232.65 pa Lifetime limit of Means Tested Fee $65,357.65   Pre July 2014 Residents Basic […]

The differences between Aged Care & Retirement Village are significant, & you should make sure you understand which one you are committing yourself to, & the financial implications before you proceed. A Retirement Village is primarily self-care, i.e. you look after yourself, & choose to make the move to a Retirement Village (if you are […]