Aged Care Asset Assessment Home Exemption by Christine Hopper Multi-generational households often ask if the Aged Care Asset Assessment has a home exemption. Families may be aware that the amount of Accommodation Bond, or Accommodation Charge, required of a permanent resident of Commonwealth regulated aged care facility depends on the amount of the new resident’s Read more about Aged Care Asset Assessment Home Exemption[…]
Centrelink Gifting by Christine Hopper At Centrelink gifting is transferring assets to another person or entity for less than the market value. Centrelink expects its Age Pensioner and DSP customers to report any substantial gifts of money or assets. What is a gift at Centrelink? The simple example of Centrelink gifting is the fifty dollar Read more about Centrelink Gifting[…]
Residential aged care costs by Christine Hopper Families new to residential aged care can be confused by the web of fees and charges for residential aged care. Accommodation charges are fixed on entry but daily care fees change regularly. Below is an “illustration” of the fees and charges that could apply to new entrants to Read more about Residential aged care costs – an illustration[…]