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From November 1 2025, aged care homes will be allowed to charge an exit fee, up to 10% of your lump sum payment over five years. This change brings them a little closer in style to retirement villages, which often charge exit fees. Legally, financially and practically, they are still very different. Accommodation & Contracts: Village vs Aged Care Home …
When you or a loved one is transitioning into aged care, it’s easy to feel overwhelmed by the sheer complexity of the system. As an aged care financial advisor in Melbourne, my passion is helping navigate the maze of aged care rules and regulations. Here are the top three things I wish people knew before starting the process. These insights …
Wondering how to choose an aged care financial planner? Often the need comes unexpectedly. Mum or Dad gets rushed to hospital after a fall, and the doctor advises it is unlikely they can return home safely. Panic often ensues and a deep sense of overwhelm. ? How do we afford aged care? ? How does the system work? ? What …
