What percentage of pension is aged care?

The Australian government provides funding for aged care services through various programs and subsidies. The funding for aged care typically comes from a combination of government allocations, user contributions, and other sources. The Basic Daily Fee is a contribution towards day-to-day living costs in an aged care facility, including meals, cleaning, laundry, and utilities, such … Read more

How much money can I have in the bank and still get the full aged pension?

The income and asset limits for the Australian Age Pension determine how much income and how many assets you can have while still being eligible for the full Age Pension. To identify how much in savings you can have in your account to still qualify for the full age pension, it’s best to look at … Read more