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Balance Retirement & Aged Care Specialists

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Can I Visit My Loved Ones in Aged Care?

News | 18th October 2021

Since 2020, the COVID-19 pandemic has made everybody’s lives difficult in one form or another. It has caused financial strain for some people and taken a toll on other people’s physical and mental wellbeing. Some of those who have been hit the hardest are the residents of Aged Care facilities. For most elderly residents, the […]

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How has the Coronavirius affected Age Care Facilities and it’s Residents?

News | 15th October 2020

This has been the worst time for anyone to enter aged an aged care facility. The Coronavirus is deadly to vulnerable people especially the elderly, those with respiratory ailments, & is highly contagious. Once the virus gets into an aged care facility the consequences have been disastrous. The media has made an example of aged […]

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September 2020 Changes to Centrelink & DVA Pensions and Aged Care Fees

News | 15th October 2020

Changes to Centrelink & DVA Pensions As a consequence of the impact the Coronavirus had on the economy over the last few months on jobs, salaries, inflation & interest rates, this is the first time in living memory that the Age Pension & other pensions have not been indexed. That is the Pension entitlement for […]

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Featured Facilities – St Vincent’s Care Services Heathcote

Aged Care Services Facilities, News | 3rd September 2020

At Balance, we believe it is important that you know some of the facilities that are potential options for aged care for you and your loved ones. Today we feature St Vincent’s Care Services Heathcote. Experience life at St Vincent’s Care Services Heathcote where you can choose what a meaningful life looks like, and be […]

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March 2020 Changes to Aged Care Fees

News | 3rd April 2020

The Government has announced the indexation to the Aged Care Fees for March 2020, only the Basic Daily Care Fee changes affect existing residents. Post July 2014 Residents, Basic Daily Care Fee (BDCF) $52.25/day Annual Limit of Means Tested Fee $28,087.40 pa Lifetime limit of Means Tested Fee $67,409.85   Pre July 2014 Residents Basic […]

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March 2020 Changes to Centrelink & DVA Pensions

News | 3rd April 2020

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 $860.60pf $69.60 +$14.10 $944.30/pf Couple $648.70/pf $52.50 +$10.60 $711.80/pf each $1423.60/pf combined Illness separated […]

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Breaking News

News | 30th March 2020

In these exceedingly difficult times, maximising your benefits and minimising your fees is even more important. The Coronavirus has had a dramatic negative affect on people’s asset values. As both the Centrelink age pension and Aged Care Means Tested Fees are calculated with references to assets and income. Informing the Department of Human Services of […]

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Government Assistance & The Elderly

News | 30th March 2020

The Government announced it will give $750 as a one-of payment to those receiving Pensions from Centrelink & Dept. of Veterans Affairs, it also includes those not receiving a Pension, but who receive Family Tax Benefits and Commonwealth Seniors Health card-holders. The Government has also announced on Tuesday 17th March that it will make $100 […]

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Aged Care & The Coronavirus (COVID-19)

News | 30th March 2020

BREAKING: Some banks are offering a SPECIAL interest rate on deposits of around 2%, as a response to the Coronavirus. But only for those over 65 years of age If you are interested in more information on this story call us on 1300-556287 COVID-19 The Coronavirus (COVID-19) is causing world-wide panic, fear & great uncertainty. […]

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You’ve sold the home paid the RAD, but can’t get much income from the bank

News | 30th March 2020

The fall in interest rates over the last 5 years to historic lows, has seen retirees struggle to earn much interest on their invested funds, to supplement any Centrelink or DVA pension they may earn, forcing retirees to rethink their investment portfolio. Similarly those people who have moved into aged care facilities, and sold their […]

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