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Could tax relief be the secret to unlocking value for assisted living and frail care residents?

At Riverside, we’ve spent 15 odd years trying to provide exceptional care and services that go above and beyond to support our residents' needs. We take pride in the fact that we have created a support structure for our residents at a time in their life when they need it most.

We understand that financial well-being is an essential aspect of a fulfilling retirement life. From our controlled levy structure to the 20 percent discount we offer to existing residents on frail care services, we do our best to help our residents make the most out of their retirement. And more recently we’ve found the secret to unlock further financial support might in fact be through exploring tax relief benefits.

Our mission has always been to offer comprehensive care for our assisted living and frail care residents. We understand that aging can sometimes bring challenges, and we are dedicated to providing personalised assistance tailored to each resident's unique requirements. The cost of at home care not only far outweighs the cost of inpatient support, but it also cannot compete with the 24/7 care from a specialised and experienced team.

It’s no secret that assisted living and frail care can entail significant costs, but much like all our other added benefits, we aim to support our residents in managing these expenses efficiently.

To help find ways to alleviate the financial burden and maximise financial assistance, we’ve identified a knowledgeable tax practitioner who has the right credentials to offer guidance to our residents and their sponsors. This professional is well-versed in the complexities of tax regulations concerning retirement facilities and senior care

And that’s why we have encouraged our residents and their sponsors to connect with this professional as soon as they join our facility to make the most of the tax relief benefits available. By initiating the process early, our residents can gain the support and knowledge they need right from the beginning, allowing them to plan their finances effectively and identify any potential tax relief opportunities.

Our commitment to serving our residents extends beyond just providing excellent care and a vibrant community. As you embrace your retirement journey with us, know that Riverside Manor is here to support you every step of the way.

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