It’s easy to think the change to deeming rates on September 20 will only affect pensioners. The reality is that deeming affects everyone receiving aged care – whether you are getting a Home Care Package or living in an aged care home.

In fact, the biggest impact is likely to fall on self-funded retirees because they typically have more financial assets.

Self-funded retirees will also be impacted by the changes.Credit: Rob Homer

When it comes to Home Care Packages, everyone can pay a basic daily fee of about $12 a day. Beyond that, there is an income-tested care fee which full pensioners don’t pay because the threshold is set at the pension level. But part pensioners can pay up to $6862 a year, and self-funded retirees up to $13,724 a........

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