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What is the difference between a Retirement Village & Aged Care

Aged Care Advice | 6th February 2018

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 […]

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Featured Facility: The Terraces

Aged Care Services Facilities | 5th February 2018

“The Terraces” are situated in the highly sought-after suburb of Paddington in Sydney’s Eastern Suburbs. A brand-new, purpose built facility, it’s less than 500 metres to St. Vincent’s Hospital, less than 1 kilometre to Rushcutter’s Bay, and within 5 minutes’ walk in all directions are shops, café’s and galleries. We are fortunate enough to have […]

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What are my options to pay for Aged Care?

Aged Care Planning | 16th January 2018

There are numerous options available to fund your Accommodation Payment in Aged Care, & for some people, thinking outside the square can deliver impressive savings. Because the Accommodation Payment is based around a Lump Sum version called a RAD, most people think they will need to sell the home or use all their savings to […]

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Studio 10 Interview

Real Aged Care Stories | 13th December 2017

Did you see Eric speaking with Studio 10? Click here to be redirected to the studio 10 video.

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What is a Supported Resident?

Aged Care Advice | 27th November 2017

A supported resident in Aged Care (sometimes referred to as concessional residents), has been assessed by Centrelink or DVA as having less in assets &/or income than others, and consequently the Government will contribute even more towards their aged care, therefore saving the resident money. This is particularly useful for couples who have a home, […]

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Is it better to pay a RAD or DAP?

Aged Care Financial Advice | 20th November 2017

A Refundable Accommodation Deposit (RAD) means you are paying for your Accommodation in Aged Care as a Lump sum. It is Government Guaranteed (so it is very safe) & fully Refundable. Whereas paying for the Accommodation as a DAP (Daily Accommodation Payment) means that you will be charged interest at a Government prescribed rate instead […]

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Featured Facility: Arcare Glenhaven

Aged Care Services Facilities | 22nd September 2017

Arcare are opening their newest residence in Glenhaven on Saturday September 23rd. A proudly family owned business, Arcare opened their first residence in 1997 and since then have grown to 26 throughout Victoria and Queensland. Beyond the luxurious surroundings, peaceful open spaces and natural bushland of Holland Reserve, your loved one will be supported by […]

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September 2017 Changes to Centrelink & DVA Pensions

Aged Care Financial Advice | 20th September 2017

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 $814.00pf $66.30 +$14.10 $894.40pf Couple $613.60 $50.00 +$10.60 $674.20pf each $1348.40pf combined Illness […]

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September 2017 Changes to Aged Care Fees

Aged Care Financial Advice | 20th September 2017

The Government has announced the indexation to the Aged Care Fees for September, only the Basic Daily Care Fee changes affect existing residents. Post July 2014 Residents, Basic Daily Care Fee (BDCF) $49.42/day Annual Limit of Means Tested Fee $26,566.54pa Lifetime limit of Means Tested Fee $63,759.75   Pre July 2014 Residents Basic Daily Care […]

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Phone Trouble

Aged Care Financial Advice | 30th May 2017

Due to a fire in the Telstra exhange at Parklea, our phone lines are not working to their full capacity. If you are having trouble getting through to us, we apologise. Please call on (02) 8814-7385 or email us at info@thebalancegroup.com.au if you are unable to reach us and we will respond to you as […]

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