The emotional and financial upheaval of moving a family member into residential aged care is a daunting experience.
As well as requiring Aged Care Assessment Team (ACAT) approval, there is a maze of regulations, entitlements and Centrelink assessments you’ll need to contend with.
We have identified 5 key questions that you need to have answered to alleviate worry and avoid spending more than is necessary to achieve the best care for your loved one:.
• What are the accommodation options?
• How much is it going to cost?
• Does the family home need to be sold?
• What are the impacts on the age pension?
• How can ongoing income needs be addressed?
Why face these questions alone, when you can get expert advice based on real experience with the aged care system and our advice is backed by one of Australia’s most trusted financial advisory groups. We can help if you or someone close to you is facing this situation.
Start Saving For your Kids.
The most recent thorough modelling on the cost of raising kids in Australia, released last year by AMP and The University of Canberra, found the cost of raising two kids in Australia for a family on a middle income will set you back $812,000. For a higher income...