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Archive for the ‘Aged Care Financial Advice’ Category

How Government changes to Pensions will erode your inheritance more quickly

Aged Care Financial Advice | 24th November 2016

If your mother or father is moving into aged care, & wants to keep their home, then they better get in quick before the rules change in January 2017. Currently it is quite possible to move into an aged care facility, keep your home, rent it out & retain your Age Pension (in fact your […]

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Changes to our Business

Aged Care Financial Advice | 20th September 2016

i) Balance Financial Solutions & ii) Balance Aged Care Specialists   This has been driven by the Financial Planning Industry’s recent involvement in Aged Care, requiring any “advice” to be provided in a “Statement of Advice” (SoA) format , which takes much longer & costs a great deal more to provide, consequently the charges to […]

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“Like” us on Facebook- Donations to Alzheimer’s Australia

Aged Care Financial Advice | 20th September 2016

It is a sad fact that around 45% of our clients suffer from some form of dementia & it has been determined worldwide in 2010, that 36 million people suffer from some form of dementia , & it is estimated that by 2030 that figure will rise to around 70 million people, & by 2050, […]

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Impact on Aged Care Fees, as a result of January 2017 changes to Centrelink/DVA Assets test

Aged Care Financial Advice | 19th September 2016

As mentioned in previous newsletters, Centrelink & DVA will be changing the “Assets Test Taper” which for many pensioners will reduce their pension entitlement & for some, will lose their pension entitlement completely. However, there has been no discussion to date on the impact this change will have on the Means Tested Fees (for those […]

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September 2014 Changes to Aged Care Fees

Aged Care Financial Advice | 3rd November 2014

Every March & September the Government indexes the Age Care fees, on the same date that the Age & DVA Pensions are indexed. As from 20th September 2014 the new Aged Care Rate of BASIC Daily Care Fee is as follows:  Maximum Basic Daily Fee  PRE JULY 2014 Residents – Standard Resident contribution– includes respite residents […]

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