Life can be busy and complex for the ‘sandwich generation’ who find themselves stuck between caring for grandchildren and ageing parents. Most people are unprepared for aged care. Let’s face it, no-one wants to get old – but if we are lucky, we will. It’s normal to feel worried about your ageing parents.
Life can be busy and complex for the ‘sandwich generation’ who find themselves stuck between caring for grandchildren and ageing parents. Most people are unprepared for aged care. Let’s face it, no-one wants to get old – but if we are lucky, we will. It’s normal to feel worried about your ageing parents.
The biggest challenge the client faced was understanding the intricate fee structure associated with aged care. With fees such as the Refundable Accommodation Deposit (RAD), Daily Accommodation Payment (DAP), and other costs like Means Tested Fees and Additional Services Fees, the financial landscape was complex.
There are a variety of situations where the catch-up concessional super contribution can help a client’s financial situation, some examples are: Client Example THE SCENARIO
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