Aged Care Financial Advice

Aged care financial planning specialists.

Navigating the transition to aged care is both an emotional and a financial journey. As trusted aged care specialists, our financial advisors are here to provide tailored financial guidance to individuals and families who are working through decisions around aged care. We understand that each situation is unique, which is why our approach is always personalised, ensuring that your specific circumstances, needs, and goals are at the heart of our planning. Our team of experienced aged care financial advisors combines in-depth knowledge of the aged care system with expertise in financial planning, estate planning, and tax implications. We guide you through the financial maze of aged care, addressing key concerns such as the management of assets, the impact on social security benefits, and the strategies for covering care costs without compromising your financial stability or quality of life.

Aged care financial planning services.

 We provide a wide range of financial planning services, specifically designed to support you with aged care planning.

• Comprehensive financial assessments: We begin by assessing your total financial landscape, including income, assets, liabilities, and ongoing expenses. This thorough evaluation forms the foundation of a sound financial strategy tailored to support your aged care needs.
• Detailed cost analysis: We help demystify the costs associated with various aged care options, from in-home care services to full-time residential care facilities. Our advisors explain the different fee structures, such as Refundable Accommodation Deposits (RAD) and Daily Accommodation Payments (DAP), and assist in planning how to manage these costs effectively.
• Income optimisation: Our strategies include optimising your pension and other income sources to enhance your financial flexibility and ensure continuous care coverage. We explore every avenue to maximise your entitlements and minimise financial strain.
• Asset preservation: Protecting your assets is a priority, especially when considering the long-term implications of aged care costs. We provide strategies for asset preservation tailored to safeguard your wealth and ensure it serves your needs throughout your retirement years.
• Tax planning: Efficient tax planning is crucial when restructuring finances for aged care. Our advisors are skilled in identifying tax-effective strategies that can reduce the financial impact and support wealth preservation.

Why work with an aged care advisor?

Choosing to work with an APS aged care financial advisor will give you much more than a financial plan.

• Customised financial solutions: We offer solutions that are not one-size-fits-all. Our plans are thoughtfully crafted to address your individual financial and personal needs, ensuring that they align with your long-term care requirements and lifestyle preferences.
• Expertise in aged care regulations: Aged care regulations can be complex and daunting. Our advisors are continually updated with the latest changes and can interpret how these changes affect your financial planning and care options.
• Reduction of financial stress: By handling the complexities of financial management, our advisors help reduce the stress associated with funding aged care, allowing you and your family to focus more on emotional well-being and less on financial concerns.
• Holistic approach: Our holistic approach ensures that no aspect of your financial health is overlooked. From investments and insurance to estate planning and tax implications, every element is considered within the context of your aged care needs.

Meet our aged care specialist.

Meet Paul, one of our experienced Financial Planners with over 25 years in the financial services industry. Paul offers personalised advice across superannuation, wealth creation, debt strategies, Centrelink entitlements, personal insurance and aged care planning. He is passionate about helping you feel supported and confident in your financial decisions, whether you are planning for today or looking ahead to the future. He provides friendly and understandable advice to help you feel confident in every decision.

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