Being a home owner when it comes to assessing your pension isn’t as straight forward as you may think. If you live in a retirement village, are you a home owner? Of course you know if you own a home (or mortgage) or not, however in a retirement village, this arrangement can actually be seen as a lease or a …
Moving into a Retirement Village? You Need to Read This.
This article was written by Rachel Lane from Aged Care Gurus. If you are thinking of moving into a retirement village, you probably have not worked out what happens after you leave. While many people know about retirement village exit fees— a complex formula of management fees, sharing of capital gain or loss, renovation costs, sales commissions and marketing fees — …