To have a look at the published prices for various Aged Care Homes, click on the link below. Then go to the Aged Care Homes tab. Click on High Level residential care. Scroll to the bottom of the page. Click on "Find an aged care home". Enter the postcode. Select Level of Care, Special needs, … [Read more...]

For Aged Care purposes, the value of the family home is disregarded if at the time the person enters care it is occupied by: 1    the partner or a dependent child 2    a carer of the person who has occupied the home for the past 2 years continuously and was eligible to receive (not … [Read more...]

As is often the case, those with ‘financial flexibility’ will be best placed to meet their cost of care in the most effective way. People who have a house as well as significant assets outside their home will have the choice of keeping the house (and potentially renting it out) and utilising their … [Read more...]

With longer and more productive retirements, there is a high chance that help will be needed with daily living activities and/or medical care, especially at older ages. For some people this may mean accessing aged care services at home. For others it may require a move into residential … [Read more...]

An index fund is a low cost means of investing into an investment that follows an index for example an Australian Share Index Fund could mimic the ASX 200 All Ordinaries Index.  There are numerous indices and an investment fund for each of these indices is probably available. There is no … [Read more...]

Major reforms to the aged care system are set to kick in on 1 July 2014. The financing arrangements have been revised, and will affect those who enter residential aged care on or after this date. Those who enter before that date will continue under their existing arrangements. If a family member … [Read more...]

Given the great man’s death this past week, it can be worthwhile to consider some of his quotes which are relevant now and into the future: “Education is the most powerful weapon which you can use to change the world”.   “No one is born hating another person because of the colour of … [Read more...]

Complex changes to residential aged care come into operation on the 1st July 2014 – the changes will not generally affect existing residents in facilities at that time.  The proposed changes relate to four main areas: Reviewing the distinction between high and low care Changes to the levels of … [Read more...]