Importance of the MPIR for low means and high means residents.

Importance of the MPIR for low means and high means residents

In Australia, the maximum permissible interest rate (MPIR) plays a significant role in determining the cost of aged care accommodation for residents.
Retirement Village or Aged Care.

Retirement Village or Aged Care?

The decision between moving into a retirement village or opting for residential aged care is nuanced, influenced by our health, levels of independence, and the kind of support we envisage needing in the future.
The Hidden Cost of Aged Care in Retirement.

The Hidden Cost of Aged Care in Retirement

Retirement planning often centres around the vision of a carefree era, filled with leisure and the freedom to pursue long-held aspirations. Yet, amid these plans, a pivotal aspect that frequently goes unaddressed is the potential cost of aged care.
Supporting a Person Living with Dementia.

Supporting a Person Living with Dementia

Dementia, a condition characterized by a decline in cognitive function, can significantly impact an individual's daily life and sense of independence.
Downsizing for Care Keep Your Home or Sell.

Downsizing for Care: Keep Your Home or Sell?

The transition to residential aged care is a significant life event that brings with it a myriad of emotions and decisions, not least of which is what to do with the family home.
Managing Cash Flow When the Home Won’t Sell.

Managing Cash Flow When the Home Won’t Sell

In the ever-fluctuating real estate market, individuals moving into or already residing in aged care face significant challenges regarding the management of their former homes.
A Five-Step Plan to Select Your Home Care Provider.

A Five-Step Plan to Select Your Home Care Provider

In the realm of aged care, home care stands out as a beacon for those seeking to maintain their independence in the comfort of their own home.
Evaluating Residential Aged Care The Expanded Star Rating System.

Evaluating Residential Aged Care: The Expanded Star Rating System

The journey to select a residential aged care facility is multifaceted, involving numerous factors that can significantly affect the well-being of older Australians.
Boost to Social Security Payments A Beacon of Support for Millions.

Boost to Social Security Payments: A Beacon of Support for Millions

In a significant stride towards ameliorating the financial wellbeing of its citizens, the Australian government is set to augment social security payments for around five million Australians.
The Government’s Release of the Aged Care Taskforce’s Final Report.

The Government’s Release of the Aged Care Taskforce’s Final Report

On Monday, 11 March, the government unveiled the long-anticipated final report from the Aged Care Taskforce, marking a pivotal moment in the ongoing discourse surrounding aged care reform.
Old man walking in the street.

How do I handle aged care fees if I don’t own a home?

This blog post aims to break down the different types of aged care fees, explore government assistance programs available to non-homeowners, and discuss strategies for managing costs effectively.
Old woman and a man dancing together.

How can I ensure my loved one’s financial security in aged care?

This blog post aims to shed light on the financial landscape of aged care in Australia, explore strategies to maximise government assistance, and offer practical tips for optimising your financial resources.
Rising cost of living.

How does rising cost of living affect Aged Care fees?

In this blog post, we'll break down the different types of aged care fees and explain how each is impacted by the current economic climate.
Old man in blue sweater wearing eyeglass.

How do I plan for estate distribution during aged care?

This blog post aims to shed light on these concerns and guide you through essential steps to ensure your wishes for asset distribution are clear and protected.
People queuing.

How can you navigate the waitlist system for aged care facilities?

This blog post will equip you with the knowledge and tools to navigate the waitlist system effectively.
An old woman holding a cup.

How should I handle my superannuation in aged care?

Planning for aged care can feel overwhelming, especially when managing your superannuation alongside other financial considerations. In this blog post, we'll provide a clear and concise guide to handling your superannuation in aged care. We'll…
Tree, clock and old man.

Home Care to Residential Care: A Smooth Move

This blog post will serve as your compassionate guide, navigating you through the process with clear information, practical advice, and a focus on making the transition as smooth and stress-free as possible for both you and your loved one.
Crysanthemum.

What are the Benefits of Prepaid Funeral Plans for Aged Care Planning?

In this blog post, we'll delve into the specific benefits of prepaid funeral plans for Aged Care planning. We'll explore how these plans can benefit your finances, provide emotional comfort, and simplify the process for your family.
A person standing alone in the middle of the concrete road.

How Far in Advance Should I Start Planning for Aged Care?

Growing older is a natural part of life, but for many Australians, the thought of needing aged care can be daunting. Planning ahead for aged care can make a world of difference, both for you and your loved ones.
Old man in formal suite sitting on a red sofa.

How Do I Use Home Equity Release for Aged Care Costs?

This blog post offers a clear and concise guide to one potential option: home equity release.
Children surprised elderly parents.

How Can Families Work Together for Affordable Aged Care?

This blog post offers a practical guide – a roadmap for families working together to achieve affordable and fulfilling aged care solutions.
Concrete road in the middle of trees.

How to Ensure Long-Term Care Affordability?

Whether it's home support or residential care, the costs can be substantial. Navigating the aged care system and ensuring its affordability can feel daunting.
Holding the hands of an elderly.

How much does a nursing home cost in Australia?

Learn how much a nursing home cost in Australia is and the factors that influence them.
A carer discussing the respite care cost to an elderly.

How much does respite care cost?

Learn about the cost of respite care and the factors that influence them.
Grayscale picture of an elderly couple walking together.

Navigating financial options in residential aged care

Entrusting a substantial sum of money to secure a place in residential aged care may seem daunting, but understanding the intricacies can unveil financial benefits and savings on fees.
Residential aged care facility.

Avoiding pitfalls when choosing a residential aged care facility?

Navigating the complexities of moving into residential aged care can be an overwhelming experience, fraught with potential pitfalls and challenges.
An elderly woman in white long sleeve using a laptop.

Financial Planning Services for the Elderly

In the twilight years of life, financial stability becomes paramount. We understand the unique challenges and opportunities that arise during this pivotal phase, and we are here to provide comprehensive financial planning services for the elderly, ensuring a future that is not only secure but also flourishing.
Old man opening a window curtain.

What are the barriers to aged care services?

Aged care services can be essential for older adults who need help with daily activities, such as bathing, dressing, and eating. However, accessing aged care services can be difficult, especially for those with limited financial resources or who live in rural or remote areas.
Nursing home and a river.

What happens if you can’t afford a nursing home in Australia?

Nursing homes can be expensive, and not everyone can afford to pay for them privately. However, the Australian government provides a number of financial assistance options to help people who need aged care but can't afford to pay for it themselves.
Old person holding coins.

How to budget for aged care in Australia

Aged care can be a significant financial burden, both for individuals and their families. The Australian Government provides some financial assistance, but the cost of aged care can still be high, especially for those who need high-level care.
Old person signing a document.

How to use your superannuation to pay for aged care

The cost of aged care in Australia is rising, and many people are looking for ways to fund their care without having to sell their home or rely on government assistance. One option is to use your superannuation.
Old woman looking through the window.

How to get the most out of your aged care pension

If you are approaching retirement age, or are already retired, you may be wondering how to get the most out of your aged care pension.
An old man using a laptop

The Importance of Specialist Financial Advice in Aged Care

As we traverse the journey of life, the importance of securing our future, especially in the golden years, becomes paramount.
Senior couple taking financial advice

Downsizer Contribution vs Aged Care Products

Downsizer Contribution vs Aged Care Products Aged care financial advisers are often presented with intricate scenarios and diverse client needs. Two primary considerations frequently arise when advising clients on financing their aged care—…
Understanding the New Age Pension Rates and Limits Effective 20th September 2023.

Understanding the New Age Pension Rates

In this article, we will delve into the new age pension rates and limits effective 20th September 2023.
Comprehensive guide to rates and thresholds for aged care and pensions in Australia.

A Guide to Rates and Thresholds for Aged Care and Pensions

This comprehensive guide aims to provide you with all the crucial rates and thresholds effective from September 20 to December 31, 2023.
The Intergenerational Report & why it matters for your aged care planning.

Why Intergenerational Report Matters for Your Aged Care Planning

In this article, we will delve into the specifics of the Intergenerational Report and why it's crucial for you to consider aged care planning now rather than later.
The glaring issue with aged care financials.

The Glaring Issue with Aged Care Financials

The current aged care finance system often leaves middle-income individuals with limited access to quality care, undermining the principle of fairness.
Sad elderly man looking at the window.

What is financial abuse of the elderly?

In this blog post, we'll provide you with insights into financial abuse of the elderly, help you recognize the warning signs, discuss the risks involved, and most importantly, offer guidance on how to prevent it.
Senior couple promoting healthy ageing by biking together.

What is healthy ageing?

In this blog post, we'll explore the key components of healthy ageing, the importance of financial planning for seniors, ways to ensure your financial security in retirement, and how to fund aged care services if and when they're needed.
Old woman feeding her dog.

How do you reduce cost in aged care?

In this blog post, we'll delve into the world of reducing aged care costs.
Carer and an old man smiling and doing a thumbs up.

How does the Australian government support aged care?

In this blog post, we'll break down how the Australian government supports aged care, making it easier for you to understand the options available to you or your loved ones.
Elderly woman in a rocking chair receiving a home care package from a carer.

What can home care package funds be used for?

In this blog, we’ll explain how home care packages work, who is eligible, and what the funds can be used for.
White wooden granny flat with brown roof between trees.

Granny flat interest for aged care

In this article, we'll delve into the world of granny flat interest, unravelling its definition, benefits, and implications for both occupants and property owners.
Happy senior woman looking at her carer.

How much is carer payment and allowance?

Caring for someone you love is a noble and vital role, but it can also bring about financial challenges. Whether you're looking after an elderly family member, a sick friend, or a disabled loved one, the costs of caregiving can add up. That's…
Senior man sitting on bed.

The Five Aged Care Mistakes To Avoid

This blog post is aimed at providing valuable insights to help you avoid common mistakes and make the best choices for your aged care needs.
Old person doing a crochet.

What is the Aged Care Funding Instrument (ACFI)?

In this blog post, we will take you through the ins and outs of the Aged Care Funding Instrument in a clear and concise manner
Yellow paper in the trash bin.

How to reduce assets for aged care?

In this article, we will explore the key concepts and strategies to help you make informed decisions about managing your assets for aged care.
Senior couple sitting on a black metal bench in the park.

How to maximise Age Pension entitlements?

In this blog post, we will explore effective strategies to maximise your Age Pension payments while staying within the legal and financial boundaries. By employing these techniques, you can potentially increase your pension and enjoy a more comfortable retirement. 
Old woman blowing bubbles.

What is My Aged Care?

As our loved ones enter their golden years, ensuring they receive the best possible care becomes a top priority.  In Australia, the My Aged Care website plays a pivotal role in providing support and assistance for seniors and their families…
Senior woman talking with someone over the phone.

How does the aged care complaints scheme work?

In this blog post, we will explore the aged care complaints scheme and provide you with a clear understanding of how it works.
Happy family embracing each other.

What is quality of life in aged care?

In this blog post, we will explore various aspects related to quality of life in aged care, ranging from the importance of social activities and nutrition to the impact of mental health and end-of-life care.
Mother and daughter sitting on a wooden bench in the park while using a phone.

How to talk to your parents about aged care?

In this blog post, we will provide you with guidance on how to talk to your parents about aged care
Woman practicing duty of care in aged care.

What is duty of care in aged care?

In this blog post, we will explore the concept of duty of care in aged care, its importance, the specific duties of aged care workers, examples of breaches, and the legal and ethical requirements associated with it.
Old man in black suite choosing between rest home or home.

In-home Care VS Residential Aged Care

This blog post will compare and contrast in-home care and residential aged care to help families in Australia make an informed decision.
Elderly couple sitting on a couch while looking at the framed pictures.

Income and assets test for aged care

In this blog post, we will delve into the income and assets test for aged care and explain its significance for elderly individuals and their families. Whether you're considering aged care options for yourself or a loved one, understanding these tests and their financial implications is crucial.
Old man sitting on the bed while using a laptop.

A Guide to Means Tested Care Fees

s our loved ones age, making informed decisions about their care becomes paramount. Among the various considerations, understanding means tested care fees and how they are calculated is crucial for families in Australia.
Brown and white concrete bungalow.

Aged care and the family home: Sell, rent, or keep?

In this blog post, we are going to provide advice on options that may work for those who need or want to move out of their former residence including selling, renting out, gifting and keeping it as an asset possibly for future generations of your family.
Road sign going to a nursing home with yellow background.

How to choose the right aged care provider?

As the population ages, the need for quality aged care services in Australia has become increasingly important. Finding the right aged care provider can be a complex and daunting task, with numerous factors to consider. In this guide, we will…
Senior people trekking.

A Guide to the Costs of Aged Care

In this guide, we will explore the various fees and charges involved in aged care.
Senior couple wearing red and gray jacket.

Understanding the Types of Residential Care Facilities

In this blog post, we will explore the different types of residential care facilities, including nursing homes, assisted living facilities, and care homes for the elderly. Whether you're searching for "nearest care home to me" or interested in learning about "residential aged care," this guide will help you understand your options.
Senior couple using a laptop to research about the aged care sector in Australia.

A Comprehensive Guide to the Aged Care Sector in Australia

In this comprehensive guide, we will explore the key aspects of the aged care sector in Australia, shedding light on the system, funding, challenges, and available services.
Federal Budget 2023-2024.

Federal Budget 2023-2024: A Positive Outlook for Aged Care Clients

The recently announced Australian Federal Budget 2023-2024 brings encouraging news for clients accessing aged care services.Despite the government's need to secure an additional $11.3 billion over the next four years to fund a 15% increase in…
Aged Care Fees Index

Aged Care Fees Indexing March 20 2023

In recognition of the rising costs associated with aged care, Services Australia has adjusted rates and thresholds - effective from 20 March.
Do I need to sell my home for aged care

Do I need to sell my home for aged care?

If you or your loved one are considering aged care, you might be wondering, "Do I need to sell my home for aged care?" Entering aged care can be an emotionally and financially challenging decision.
Why planning ahead for aged care is key for ageing parents

Why planning ahead for aged care is key

The number of Australians over the age of 70 is expected to reach nearly four million in the next two decades, which means that aged care will be an issue that will affect an increasing number of families.
Aged Care Planning

Family Reunions: The Perfect Time for Aged Care Planning

Christmas is a time for family, and the New Year is a time for setting goals and making positive changes. Combining the two can be a great way to ensure that your loved ones are taken care of and that everyone is on the same page about what the future holds.
Old-woman-undergoing-an-ACAT-assessment

What is ACAT? How do they work in Australia?

If you're considering moving into an aged care facility in Australia, you'll likely need to go through an ACAT assessment. The assessment involves an interview and a physical examination, and it's used to assess your needs and determine which type of aged care facility would be the best fit for you.
Should we pay the accommodation amount as a RAD or a DAP

Should we pay the accommodation amount as a RAD or a DAP?

Should we pay the accommodation amount as a RAD or a DAP is one of the main decisions we help our clients to make, when a loved member of the family is entering residential aged care.
Why use an aged care consultant

Why use an aged care consultant?

In this blog post, we'll outline some of the ways in which an aged care consultant can help you and your loved ones make the most of this important stage in your lives.
How do gifts affect aged care fees and the age pension

Gifting Rules: Impact on Aged Care Fees and Pension

When you think about transferring or gifting land to one of your family members, there are a few reasons why this might be on the radar. One major driver we see for moving ownership is tax optimisation (usually between spouse), and protection of assets.
What is consumer directed care

What is Consumer Directed Care?

As Australia's population ages, more and more people are finding themselves in the position of needing to care for an elderly relative. In many cases, this means providing them with consumer directed care (CDC). But what is CDC, exactly? And how can you make sure that your loved one gets the best possible care under this arrangement?
What is short term respite care

What is short term respite care?

If you're like me, you have a loved one who is getting up there in years. Maybe they even live with you. You've probably thought about what would happen if something happened to you and they were left alone. That's where short term respite care comes in. 
Power of Attorney

Decision-making using a power of attorney

This time may come when you need to make a financial decision on behalf of a parent as an Enduring Power of Attorney (EPoA). Is this an honour or a burden? It can be both, so the person taking on the role needs to understand both the legal obligations as well as family responsibilities. 
Best home care provider

5-Step Plan to Select the Best Home Care Provider

Because everyone’s needs and circumstances are different, a range of home care services are available to you – the challenge is selecting the right and best home care provider to meet your needs.
Residential aged care

5 Steps For Choosing The Best Residential Aged Care Service

Moving into residential aged care is a move to a new home. Even though this is not a home you are buying, if you think about it in terms of a property transaction it might help you to build a checklist to make the right choice. 
3 Aged Care Industry Facts You Need to Know

3 Aged care industry facts you need to know

Most people want to remain independent throughout retirement and to stay in control of where and how they live. But your ability to do so may depend on your health and physical well-being. As we age, some things become harder to do on our own. 
Residential care

How To Avoid Selling Your Home To Pay for Residential Care

If moving into residential care, do you really have to sell your home? What are your choices? Myths and misunderstanding about the rules can add to anxiety and confusion.
Too wealthy for home care subsidies

Too wealthy for home care subsidies?

In Australia, if you have a lot of money, you can't get help paying for home care. That's because the government only offers subsidies to people who are judged to be "assets test positive."
In-home aged care

Access in-home aged care when you need help at home

As you age, choosing in-home care or home care services and bringing support into your home can help you to remain independent for longer and improve your quality of life. But understanding how to access in-home care services can be hard to navigate. So, what’s important to know now?
Age friendly home

How to create a personalised age-friendly home

Making your home age-friendly through home modifications may help an elderly person to stay in their home for longer, making the home safer and more accessible.
Home Care Package

How far can a Home Care Package stretch?

Understanding how home care might work for you, needs a reality check around waiting times, adequacy of the care available and costs. Understanding fees and financial implications should be at the top of your research checklist.
supporting a person with dementia

Supporting a person with dementia

Supporting a person with dementia is tough and challenging , but independence and quality of life can still be achieved with the right support and a few changes.
Sandwich Generation

Help For The Sandwich Generation

We all lead busy lives so juggling family, work and personal responsibilities can be complicated – particularly when people we love need increasing levels of care and support. This article explains the sandwich generation and takes a look at what to consider and where to start when you have older parents.
affordable aged care

Jump hoops for affordable aged care

In Australia, we are lucky that government subsidies can help with the aged care costs, but you will have to jump through hoops to be approved. And you may have long waiting times before the government money becomes available (particularly home care). This article takes a quick look at the three steps for approval.
age pension

Home Sweet Home: Can it Affect Your Age Pension?

We all know the saying, "home sweet home." But did you know that where you call home can actually affect your age pension in Australia? Yep, it's true! If you're considering retiring down under, here's what you need to know about how your living situation can impact your retirement income.
Frailty Years

Why now is a good time to plan for frailty years

Planning for the frailty years or future - and all the challenges it may bring - can help achieve quality of lifestyle as well as quality of care. 
Residential aged care fees

Planning for Residential Aged Care Fees

So for some people, a move into residential aged care may be a better alternative. Careful planning ahead of time can make all the difference and remove a lot of the stress at the time when a decision needs to be made.
Saving enough for retirement

Australians Are Not Saving Enough for Retirement

It would be a great achievement for most people to have enough saved up so that they don't think about retiring in their later years. Unfortunately, saving money for retirement isn't as easy as you may think. Therefore, it is important to plan and prepare for retirement financially. 
The Hidden Cost of Retirement

The hidden cost of retirement

The common question when it comes to retirement is ‘how much is enough?’. But regardless of how much you have put aside, there’s a significant potential cost in retirement that is often not considered, and if ignored, it can undermine our plans - aged care.
Elder Abuse

Take control & avoid elder abuse

World Elder Abuse Awareness Day (WEAAD) on 15 June puts a spotlight on issues around elder abuse – not just physical abuse, but also financial abuse.