Average Australian going into aged care will pay around $10,000 more

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The average Australian going into aged care will pay around $10,000 more after 1 July 2014 – harsher fee levels make aged care more expensive AUSTOCK Life has calculated that... Read more continue reading

Aged care to cost more after June 30

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The Aged Care reforms due to come into effect on 1 July 2014 will see retirees paying more for their admission to, and ongoing care in, aged care facilities, says... Read more continue reading

Too many families powerless when elderly decline mentally

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Far too many retired Australians have not granted a financial Enduring Power of Attorney, which can lead to problems for their loved ones and unnecessary family conflict, said Anna Hacker,... Read more continue reading

Negotiating aged care accommodation bonds – December 2013 update

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This is an update of an article last updated in July, 2013. This update addresses recent changes in legislation. Too often articles and information published on aged care focus on... Read more continue reading

Aged care awareness essential for advisers

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Financial advisers need to arm themselves with aged care strategies in the new year, as the holiday period is likely to prompt clients to question the care needs of their ageing relatives... Read more continue reading

Aged care reforms require careful planning

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The Aged Care reforms due to come into effect on 1 July 2014 will require a new approach to aged care provider payments, and advisers can play a key role... Read more continue reading

Complex income & assets tests at risk of impeding care for aged parents

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Complex aged care rules putting financial strain on families: Centric Wealth Leading wealth management firm, Centric Wealth, today said that the current cost of aged care services, combined with complex... Read more continue reading

Complex income & assets tests at risk of impeding care for aged parents

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Leading wealth management firm, Centric Wealth, today said that the current cost of aged care services, combined with complex carer and pension entitlements rules, means an increasing number of families... Read more continue reading

Negotiating aged care accommodation bonds – July 2013 update

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This Article was updated on December 17, 2013 – To view the update click here. Too often articles and information published on aged care focus on how to reduce the accommodation bond.... Read more continue reading

Aged care reforms – March 2013

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Almost a year after the Government announced its response to the Productivity Commission Report on aged care reform legislation has been introduced into Parliament to effect the proposals. Five Bills... Read more continue reading