Aged care gets a boost with 23,000 additional home care packages. This is great news for the 100,000 Australians on the waiting list for packages.\u00a0 What else is in the 2020 Federal Budget Summary for aged care?<\/p>\n
In addition, two tax-free economic support payments will be paid to aged pensioners, veterans and eligible concession card holders.\u00a0 The first payment will be made in November 2020.\u00a0 After that, the other will be in early 2021.<\/p>\n
From 2020\/21 the Government will provide 23,000 additional home care packages across all package level. This will reduce
\nthe waiting time for the 100,000 older Australians waiting for their packages to be funded.<\/p>\n
The Commonwealth Continuity of Support Program will be replaced with a new \u2018Disability Support for Older Australians<\/a>\u2019. In conclusion, most changes must be legislated and passed through Parliament before they apply. If you are impacted by the Budget\u2019s proposed changes, seek professional advice. A financial adviser provides a clear understanding of where you stand and how you can manage cash flow, super and investments.<\/p>\n Further information can be found via the following link: Federal Budget 2020 How retirees may be affected<\/a>.<\/p>\n
\nThis will allow older disabled Australians who are ineligible for the \u2018National Disability Insurance Scheme\u2019 to receive
\ncontinued support.<\/p>\nWhat\u2019s next?<\/h1>\n