How to make the most of your super when paying for residential aged care

  by Louise Biti      9 Aug 2018   Australian Financial Review Residential aged care would be an expensive proposition if the government did not subsidise the cost of care. In 2016-17, the average subsidy paid by the government was $49,724 per resident. Residents generally pay for accommodation plus basic living expenses ($50.16 per day). They…

Five financial stages in everyone’s life

by Don Ezra We go through stages in our lives. Sometimes it’s useful to look at how our psychology changes as we move from one stage to another. This article describes five financial stages, looking at minimum, successful and exceptional standards. I don’t have numerical benchmarks for you. Individual circumstances vary too much for standardised benchmarks.…

Pensions to rise

Australian pensioners will be able to buy a celebratory coffee or even a pint of beer tomorrow thanks to the half-yearly review of Commonwealth welfare payment rates. The full single age pension, including supplements, will rise from $894.40 per fortnight to $907.60 and the full couples pension will lift from $1348.40 per fortnight to $1368.20…