ACG Adviser Factsheet INCOME SUPPORT PAYMENTS

October 25, 2019 by

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet MEANS TESTING 200319

April 8, 2019 by

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet_Loans to fund a RAD_010119

April 8, 2019 by

 


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ACG Adviser Factsheet RETIREMENT VILLAGES

October 3, 2018 by

 

Retirement villages are generally built as a group of units or villas with entry restricted to people who are over 55 and retired from full-time employment. Retirement Villages operate under the relevant state or territory legislation, often called the Retirement Villages Act.

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet RESIDENTIAL AGED CARE MEANS TEST

October 3, 2018 by

 

For people who enter residential aged care after 1 July 2014 a means tested amount is used to determine how much they can pay for accommodation and care.

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet REFUNDING RADS

October 3, 2018 by

 

Aged Care Providers are required to refund the balance of a resident’s Refundable Accommodation Deposit/Contribution or Accommodation Bond within legislated timeframes.

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet PRE 2014 REFORMS

October 3, 2018 by

 

Prior to 1 July 2014 Residential Aged Care was categorised into three types; Low Care, High Care and Extra Services. A different financial arrangement applied to each and while some facilities offered only one type of care others had more than one — and perhaps all 3 — in the same facility.

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet SUPERANNUATION

October 3, 2018 by

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet REVERSE MORTGAGES

March 13, 2018 by

 

Reverse mortgages, also known as ‘equity unlock loans’ are equity release loans designed for older borrowers including those entering aged care, who are ‘asset rich’ but ‘cash poor’. They enable the borrower to access the equity in their home. The borrowed funds can generally be taken out as a lump sum, a regular income stream

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet NDIS in AGED CARE

March 13, 2018 by

 

While the NDIS continues to be rolled out across Australia until 2020 young people living in aged care may find themselves as “dual participants” – living in aged care and able to access NDIS funding.

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet NDIS in AGED CARE

March 13, 2018 by

 

While the NDIS continues to be rolled out across Australia until 2020 young people living in aged care may find themselves as “dual participants” – living in aged care and able to access NDIS funding.

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet MEANS TESTED CARE FEE

March 13, 2018 by

 

The Means Tested Care Fee applies to residents who enter aged care after 1 July 2014, including Low Means residents when they have a change of circumstances.

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet MEANS NOT DISCLOSED

March 13, 2018 by

 

Neither the Aged Care Income Assessment (for determining an Income Tested Care Fee in Home Care) or the Combined Income and Assets Assessment (for determining someone’s ability to contribute towards the cost of Residential Aged Care) are compulsory. People who choose not to submit to an assessment are referred to as “Means Not Disclosed” and

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet LOW MEANS RESIDENTS

March 13, 2018 by

 

People who enter an Aged Care Facility after 1 July 2014 have their ability to contribute towards the cost of their accommodation and care calculated based on their assets and income. Where the calculated amounted is less the maximum accommodation supplement of $55.44 per day (as at 20 September 2017) the resident is classified as

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet HOME CARE OVERVIEW

March 13, 2018 by

 

Home Care Packages provide care and support to assist older people who want to stay in their own home. To be eligible to receive a Home Care Package, a person must be assessed and approved by the Aged Care Assessment Team (ACAT). ACAT assessments determine eligibility for Government Funded Care Services. An ACAT assessment remain

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet GIFTING

March 13, 2018 by

 

Gifting is a term used when a person, or their partner, gives away or transfers assets or income and in return receives nothing or less than the market value in money, goods or services.

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet FUNERAL EXPENSES

March 13, 2018 by

 

Pre-paying a funeral enables a client to choose and pay in advance for their eventual funeral. They can pay for the funeral in full or pay it off in regular instalments over a period of time. The cost is fixed in today’s dollars, even if the funeral is not for many years. Funeral bonds are

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet FORMER HOME

March 13, 2018 by

 

For most people looking at funding aged care the biggest decision they face is whether to keep (and possibly rent) or sell the former home.

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet FINANCIAL HARDSHIP

March 13, 2018 by

 

If someone is suffering from financial hardship and unable to pay for their cost of aged care, they may be eligible for financial hardship assistance for some or all of their aged care fees.

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet DEEMING

March 13, 2018 by

 

Deeming is a set of rules used to assess income from financial investments for social security and aged care purposes. Deeming assumes that financial investments earn a certain rate of income, regardless of the amount of income they are actually earning. If income support recipients or aged care residents earn more than these rates, the

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet COUPLES ENTERING CARE

March 13, 2018 by

 

When a couple is entering into Residential Aged Care consideration needs to be given to the timing of their move and the impact this can have on their means assessment.

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet COST OF AGED CARE POST 2014

March 13, 2018 by

 

Post 1 July 2014 a person’s ability to contribute towards the cost of their accommodation and care is subject to a means test which incorporates both assets and income. The reforms removed the distinction between low care and high care, creating a single payment structure for aged care residents:

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet BOND IN TRUST

March 13, 2018 by

 

An insurance or investment bond is an investment which has features similar to a managed fund in terms of an investment whilst also being a life insurance policy.

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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ACG Adviser Factsheet ANNUITIES

March 13, 2018 by

 

An annuity provides guaranteed regular payments for a set period of time in exchange for an initial capital investment. Unlike market linked retirement income streams, annuities give clients certainty – they know how much they will get and how long it will last.

 

It is a period of civil war. Rebel spaceships, striking from a hidden base, have won their first victory against the evil Galactic Empire.

 

During the battle, Rebel spies managed to steal secret plans to the Empire’s ultimate weapon, the DEATH STAR, an armored space station with enough power to destroy an entire planet.

 

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