The work test and work test exemption explained If you’re aged 67 to 74 and want to make voluntary super contributions, you must meet a work test, unless you qualify for an exemption. See what you need to know. If you’re an older Aussie looking to make super contributions, you may have noticed more rules begin to apply as the years go on. If you’ve heard people talk about the work test and work test …
Putting your own needs first It’s a confronting thought, but elder abuse is more common in families than in aged care facilities. The most likely form is financial, and it often results from well-intentioned plans that go wrong. Here are some ideas on how to help your family avoid the pitfalls. It’s a win-win idea. A parent sells their home to move in with their adult child’s family, providing cash for the deposit or renovations …
Being prepared for aged care Aged care isn’t something most people want to think about when they’re planning for a life of freedom and comfort in retirement. But by taking the time to explore a few important issues and questions, you can get the best possible outcome if you should need support in later years. In a recent survey of more than 5000 older people in WA, only 12% of respondents have a plan in place …
Make your own plans for aged care It can be tempting to put off thinking about aged care. When you’re busy enjoying life in the present it can be challenging to find the time or desire to think too far ahead. But the key to successful ageing is having a sense of control—and when it comes to control, planning ahead is essential. When’s the right time to start planning? Considering your aged care options …
Super in a nutshell If your super’s in the too-hard basket, read on so you can take control and make the most of your money. The Australian superannuation system comprises money from working and retired Australians. All up, it’s projected to total $8 trillion by 2033[1] and some of that is likely to be your money. If you take an interest in your super today, you may have more in your hand down the track. …
Aged care – A loser in the recent 2015-16 Federal Budget Residential aged care received only minimal attention in the government’s recent Federal Budget. Unfortunately, people entering residential aged care from 1 January 2016 are the losers from the budget, as the strategy available to assist families wishing to keep the family home will be removed. Currently there is an advantage for people entering aged care to keep the family home and fund all …
