Means tested care fees explained - are your clients paying too much? | Accurium

Means tested care fees explained - are your clients paying too much

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When a client enters residential aged care, they are means-tested based on their income and assets to determine their aged care costs. The fees can be complex for aged care clients, and may cause cash flow issues. In this article we explain the daily means-tested care fees and look at strategies for reducing them.


Disclaimer

This information is provided by Accurium Pty Limited ABN 13 009 492 219 (Accurium). It is factual information only and is not intended to be financial product advice, legal advice or tax advice, and should not be relied upon as such. The information is general in nature and may omit detail that could be significant to your particular circumstances. The information is provided in good faith and derived from sources believed to be accurate and current at the date of publication. While all care has been taken to ensure the information is correct at the time of publishing, superannuation and tax legislation can change from time to time and Accurium is not liable for any loss arising from reliance on this information, including reliance on information that is no longer current. We recommend that you seek appropriate professional advice before making any financial decisions.