Federal Budget

A fairer aged care system

The aged care reforms previously announced on 20 April have been costed as part of the 2012/13 budget and beyond. At a cost of $3.7 billion over 10 years, the reforms are to help ensure a better, fairer, more sustainable and more consistent aged care system.

Bank customers make the switch

In last year’s December quarter, more than 50,000 home-owners refinanced their mortgages with other banks, totalling $12.6 billion of mortgage business. This increase in switching was led by customers looking for a better deal.

Age Pension

Age Pension eligibility age

Under the Pension Sustainability Reforms in 2009, the Federal Government announced an increase in the Age Pension eligibility age. YOURLifeChoices subscriber John has heard conflicting reports and is unsure if he will actually be eligible to apply for the Age Pension.