Some retirees who need aged care may prefer to stay at home, whilst others may need or prefer the assistance that a residential aged care facility can provide. To access residential aged care, the person requiring care must be assessed and approved by the Government’s Aged Care Assessment Team (ACAT).
Many retirees who require care are not aware that a variety of services are available for those who prefer to stay at home. Home Care Packages provide Government subsidised services to assist people to remain in their home for as long as possible.
After a year when even the best laid plans have been put on hold due to COVID-19, people who were planning to retire soon may be having second thoughts. You may be concerned about a drop in your super balance, insecure work, or an uncertain investment outlook.
It’s been a long time coming, but up to 630,000 retirees could soon enjoy a small but welcome increase in their Age Pension payments following a cut in deeming rates used for the pension income test.i
Australians are living 10 years longer than we did 50 years ago and staying fit and active well into retirement. Expectations of retirement are higher, whether that be overseas travel, learning a new skill or spoiling the grandkids.