Tag: rent


Countdown to Increase in Aged Care Fees

Countdown to Increase in Aged Care Fees

The current residential aged care system rewards residents who are able to move to an aged care facility and rent the former home in order to help pay their daily accommodation payment (DAP). Depending of how the family structure their finances, it is possible to ensure that the rental income does not count towards the aged care means tested fee calculation. This loophole is closing...

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