Aged Care Checklist

Choosing an aged care home for yourself or a loved one can be overwhelming. Sadly, for many families it is a decision undertaken in haste, with adult children asked to make a shortlist of acceptable homes within a matter of days. The government’s My Aged Care website can help you identify homes in your area, …

Superannuation Basics

Over the past week I’ve made three presentations to separate retiree groups, and from the questions being asked, it’s obvious many are still confused about superannuation. So today I’ll give you a brief overview, incorporating answers to many of their questions. First the good news: there is no limit on the amount your superannuation can …

Refundable Accommodation Bond

A major part of the current aged care system is the bond residents can choose to pay for their accommodation. It is known as a Refundable Accommodation Bond (RAD) and, as its name indicates, is refundable in full to the resident or their estate when they leave. The purpose of the bond is to provide …

Tricks of the Age Pension System Part 2

Welcome to the second part of our series explaining the tricks of the age pension system. Remember, you are tested under both an income and an assets test, and the one that produces the least pension is the one used. There is age pension calculator and a deeming calculator on my website www.noelwhittaker.com.au Most wealthier …

Tricks of the Age Pension System Part 1

The age pension represents a major source of income for most retirees – yet many are unaware of the tricks and traps. It’s a big topic, so in a two-part series starting today I will explain the system to you. The pension is adjusted on a regular basis and the latest six-monthly age pension adjustments …