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Louise Biti

Four financial tips and traps for people entering aged care

There is a little-known rule that can work in your favour if you find your means-test assessment is dragging on.

Louise BitiContributor
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The rules that dictate how much people pay for aged care are complicated and it is easy to fall into some costly traps if you’re not careful.

Fees for residential aged care are means-tested. That is, your assets and income are assessed to determine how much you can afford to contribute.

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Louise Biti is director of Aged Care Steps.
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    Original URL: https://www.afr.com/wealth/personal-finance/four-financial-tips-and-traps-for-people-entering-aged-care-20241025-p5kl9j