Socially responsible ethical equity investments

Socially responsible ethical equity investment By Christine Hopper Socially responsible ethical equity investments are equity investments in businesses that that meet our definitions of “socially responsible” and “ethical”. Remember, an equity investment is like owning part of a business. To be comfortable with your equity investments you need to be comfortable with the type of Read more about Socially responsible ethical equity investments[…]

Disability Support and Age Pension Increases September 2017

Disability Support and Age Pension Increases September 2017 by Christine Hopper The Commonwealth has granted Centrelink Disability Support and Age Pension increases September 2017. DVA Pension and Income Support Supplement also increase from 20 September 2017. The full rates of income support Pension benefits increased by 0.7%. The Pension related daily care fees for Commonwealth regulated Read more about Disability Support and Age Pension Increases September 2017[…]

Living in the community with assisted living SRS home care package

Living in the community with assisted living SRS home care package Living in the community with assisted living SRS home care package by Christine Hopper You can use a help to stay at home as an assisted living SRS home care package You can use a help to stay at home as an assisted living SRS home care package. The Read more about Living in the community with assisted living SRS home care package[…]

SRS Supported Residential Service private guest house

SRS Supported Residential Service private guest house SRS Supported Residential Service private guest house by Christine Hopper Living in a SRS Supported Residential Service private guest house is an alternative to residential aged care. Each SRS Supported Residential Service private guest house is independently owned and operated. Accommodation and housekeeping in a SRS Supported Residential Read more about SRS Supported Residential Service private guest house[…]

Residential aged care subsidies

Residential aged care subsidies by Christine Hopper Residential aged care subsidies Residential aged care subsidies are paid to Commonwealth regulated aged care facilities to help with the costs of personal support and nursing care for residents. Residential aged care subsidies for real care costs Seniors are only allowed into Commonwealth regulated aged care facilities if they Read more about Residential aged care subsidies[…]

Retirement village entry independent financial advice

Retirement village entry independent financial advice by Christine Hopper Why retirement village entry independent financial advice Wise seniors buy retirement village entry independent financial advice as part of their consideration of moving into a retirement lifestyle community village. Buying into a retirement lifestyle community village involves buying the right to occupy a residence and participate Read more about Retirement village entry independent financial advice[…]

Means tested aged care fees

Means tested aged care fees Means tested aged care fees by Christine Hopper Australians pay means tested aged care fees as a contribution to the costs of their personal care and support. Means tested aged care fees apply to residents of Commonwealth regulated aged care facilities. Seniors and people with disabilities who live in the Read more about Means tested aged care fees[…]

Help to stay at home

Help to stay at home by Christine Hopper Help to stay at home Help to stay at home is fantastic if your spouse is with you and the domestic services are superb. Alas life can be lonely if you have help to stay at home but you are too frail to go out alone. So Read more about Help to stay at home[…]

Pension Asset Test Exempt Assets

Pension Asset Test Exempt Assets by Christine Hopper Pension Asset Test Exempt Assets Your Pension Asset Test Exempt Assets are not counted in your Age Pension Assessable Assets. Remember, your Age Pension entitlement is reduced if your Age Pension Assessable Assets exceed the Asset Test Allowance. At Centrelink, Age Pension Assessable Assets include all that Read more about Pension Asset Test Exempt Assets[…]

My aged care independent financial advice

My aged care independent financial advice by Christine Hopper My aged care independent financial advice need My aged care independent financial advice need arose when my family tried to understand my potential aged care costs.  I need residential aged care before I have another nasty fall at home. Whilst I own my home, I have Read more about My aged care independent financial advice[…]

Aged care fee July 2016 change

Aged care fee July 2016 change by Christine Hopper Aged care fee July 2016 change An aged care fee July 2016 change occurred to reflect the annual “indexation” of Age Pension Allowances and the Commonwealth’s payment of aged care costs. Means tested aged care fee July 2016 change The Means tested Aged care fee July Read more about Aged care fee July 2016 change[…]

Disability Support and Age Pension Increases 20 March 2016

Disability Support and Age Pension Increases 20 March 2016 by Christine Hopper The Commonwealth granted Centrelink Disability Support and Age Pension increases on 20 March 2016.  DVA Pension and Income Support Supplement also increases from 20 March 2016. The full rates of income support Pension benefits increased by 0.8%. The Age Pension related daily care fees Read more about Disability Support and Age Pension Increases 20 March 2016[…]

Low Means Aged Care Resident Accommodation Contribution

Low Means Aged Care Resident Accommodation Contribution by Christine Hopper Low Means Aged Care Resident Accommodation Contribution The Low Means aged care resident Accommodation Contribution applies to new residents who are assessed as Low Means on entry to Commonwealth regulated permanent residential aged care. A Low Means aged care resident can only be asked to Read more about Low Means Aged Care Resident Accommodation Contribution[…]

Aged care means test rental income exemption closure

Aged care means test rental income exemption closure by Christine Hopper Aged care means test rental income exemption The aged care means test exemption has allowed for permanent residents of Commonwealth regulated aged care facilities to have the rental income from their former homes excluded from the Centrelink income tests. This exemption will continue to Read more about Aged care means test rental income exemption closure[…]

Aged Care fees increases 20 September 2015

Aged Care fees increases 20 September 2015   by Christine Hopper Basic Daily Aged Care fees increases 20 September 2015 All residents of Commonwealth regulated residential aged care are asked to pay a Basic Daily fee. You could think of the Basic Daily fee as covering the costs of running any home such as meals, laundry, Read more about Aged Care fees increases 20 September 2015[…]

July 2015 changes in means tested aged care fees

July 2015 changes in means tested aged care fees by Christine Hopper Careful readers of aged care invoices could notice a small reduction in the means tested care fees from July 2015.  The July 2015 changes in means tested aged care fees reflect small increases in the Age Pension means test allowances. July 2015 changes Read more about July 2015 changes in means tested aged care fees[…]

Seniors rental housing

Seniors rental housing By Christine Hopper On retirement affordable seniors rental housing could be hard to find. Who is looking for seniors rental housing After retirement, private sector tenants might not be able to afford the rent for the home they had leased for many years. The rent required for a nice home unit in Read more about Seniors rental housing[…]

SMSF member enters permanent residential aged care

SMSF member enters permanent residential aged care by Christine Hopper When an SMSF member enters permanent residential aged care he is unlikely to have the ongoing mental capacity and physical strength to continue managing his financial affairs. Once mental capacity is lost his Attorney, or Court appointed Administrator, would become responsible for his financial affairs. Read more about SMSF member enters permanent residential aged care[…]