If you enter an aged care facility on or after 1st July 2014, your ongoing care fees are likely to be higher.
Those already in aged care can continue with their current arrangements unless they leave care and re-enter after a period of 28 days, or if they change facilities and decide to re-enter under the new rules.
Follow the link below for the full fact sheet.
You may also like
One of the most talked about tax legislation changes that will impact less than 0.5% of the Australian adult population is Division 296.The main controversy of course is that the limit of $3m in super or above, is not indexed. So most young adults today will be...
Setting up an SMSF can be complicated. Not getting it right can materially affect your financial situation and retirement plans.The first question you need to be sure about is whether an SMSF is the right fit. Seeking specialised financial advice can help you...
The recent escalation of hostilities between Iran and Israel, now involving direct US military action, has created a complex environment for global investors. Over the past few days, markets have reacted with modest levels of volatility but have largely maintained...