We've made several updates across our strategy content to ensure you have the latest information at your fingertips!
Strategy Flyers
📌Rate and Threshold Updates:
Aged Care - Current maximum daily fee for residential care has been increased from $65.55 per day ($23,925.75 pa) to $66.80 per day ($24,382 pa). Minor formatting updates.
Centrelink means testing and deeming – We’ve updated the deeming rates to reflect current thresholds. The lower deeming rate has increased from 0.75% to 1.25%, and the upper deeming rate has increased from 2.75% to 3.25%.
📌References & Information Updates
Account-based pension - Things to think about section, last dot point updated to expand on the application of deeming rules to account-based pensions.
Strategy Text
📌Commence a Home Care Package:
Lifetime cap on contributions changed from $135,318.69 to $137,917.01.
📌Enter Aged Care Facility and Restructure your Finances :
Periodic payment interest rate increased from 7.65% to 7.96% from 1st April.
📌Commence an Account-based pension:
Things you should know section, updated to expand on the application of deeming rules to account-based pensions.
📌Take Account-Based Pension Death Benefit as an Income Stream:
Things you should know section, updated to expand on the application of deeming rules to account-based pensions.