When someone moves into an Aged Care facility and sells their home to pay the Accommodation Payment as a Refundable Accommodation Payment (RAD, or Lump sum), if they have residual funds left over after paying the RAD, then there may be an impact on: Age Pension and Service Pension The residual funds left over after […]

Just as Centrelink and the Department of Veterans Affairs index their pensions twice a year, some of the fees charged in residential aged care and home care are also indexed on the same dates (20th March and 20th September each year.). Below are the changes to the fees which are indexed for residential aged care […]

Centrelink and the Department of Veterans Affairs (DVA) index their means tested pensions on the 20th March and 20th September each year. The changes to both Centrelink and DVA pensions are as follows: Centrelink (Maximum Pension Entitlement) Singles Couples Illness Separated Couple Was ($ per fortnight) $967.50 $729.30 each $1,458.60 combined $967.50 each $1935.00 combined […]

Are you, or someone you know looking to downsize or move into a retirement village? If your answer is ‘Yes’, then the Assisted Living Apartments at Riverview at Carrington may be for you. Situated in the secluded Carrington Estate at Camden, the Riverview Assisted Living Apartments are designed to offer low maintenance, luxury apartments for […]

Since 2020, the COVID-19 pandemic has made everybody’s lives difficult in one form or another. It has caused financial strain for some people and taken a toll on other people’s physical and mental wellbeing. Some of those who have been hit the hardest are the residents of Aged Care facilities. For most elderly residents, the […]

This has been the worst time for anyone to enter aged an aged care facility. The Coronavirus is deadly to vulnerable people especially the elderly, those with respiratory ailments, & is highly contagious. Once the virus gets into an aged care facility the consequences have been disastrous. The media has made an example of aged […]

Changes to Centrelink & DVA Pensions As a consequence of the impact the Coronavirus had on the economy over the last few months on jobs, salaries, inflation & interest rates, this is the first time in living memory that the Age Pension & other pensions have not been indexed. That is the Pension entitlement for […]

At Balance, we believe it is important that you know some of the facilities that are potential options for aged care for you and your loved ones. Today we feature St Vincent’s Care Services Heathcote. Experience life at St Vincent’s Care Services Heathcote where you can choose what a meaningful life looks like, and be […]

The Government has announced the indexation to the Aged Care Fees for March 2020, only the Basic Daily Care Fee changes affect existing residents. Post July 2014 Residents, Basic Daily Care Fee (BDCF) $52.25/day Annual Limit of Means Tested Fee $28,087.40 pa Lifetime limit of Means Tested Fee $67,409.85   Pre July 2014 Residents Basic […]

The Government has announced the following increases to Age Pensions, Disability Pension & the same applies to Service Pensions for DVA The maximum rate of Age, Disability & Service pension (DVA) per fortnight Basic rate Plus + Supplements Total pension Single $860.60pf $69.60 +$14.10 $944.30/pf Couple $648.70/pf $52.50 +$10.60 $711.80/pf each $1423.60/pf combined Illness separated […]