"Our accredited aged care professionals support our clients through these challenging times by helping them understand the financial decisions involved, and effectively navigate the aged care system to make the transition as easy as possible."
With our Accredited Aged Care Professionals, we can help you navigate the Aged Care system, understand the financial decisions to be made and support you and your loved ones through this challenging time. Once you have clarity over this, the move to Aged Care may not be so overwhelming.
There are two types of support available for those requiring assistance, in home care and residential care. Our Aged Care Professionals can support you through the journey for both options.
Getting an understanding of what is required before beginning the process of moving to Aged Care can help you make the best decisions when the time comes. We have Financial Advisers that specialise in Aged Care who can guide you through this process and ensure your financial wellbeing.
The first step in the Aged Care journey is an assessment by the Aged Care Assessment Team, they will determine the level of care required as well as eligibility for funding. This process is managed by My Aged Care, a government department. We recommend talking to one of our Aged Care Specialists before taking this step as we can help you in understanding the funding process and discuss financial planning strategies to reduce the cost to you for your ongoing care.
There are a lot of financial decisions required regarding the move to Aged Care, whether to sell the family home, the affordability of care, Centrelink entitlements and whether tax is payable. We can also help with determining whether to pay for care up front, via installments or a combination of both.
Our Financial Advisers will create an Aged Care financial plan with strategies that could minimise the fees you pay, maximise your Centrelink entitlements and review your cashflow and costs to ensure you can maintain your lifestyle and manage the ongoing costs of your care.
Our relationship doesn’t end once the move into care has been finalised. With the rules changing regularly around fees, Centrelink, pensions and tax, we continue our relationship with you to make sure you are getting the most up-to-date advice. We’ll also keep track of your investments, making sure they’re in line with expectations and that you’ll have the funds required to keep paying for your care and your desired lifestyle.
Contact our Aged Care specialists now by using the contact form below or give us a call.
It might be the most valuable move you can make...
Level 1, 3 Rosslyn St, West Leederville 6007
Framework Financial Pty Ltd trading as Financial Framework are Authorised Representatives of Synchron Advice Pty Ltd, AFS Licence 243313.
The information contained on this website is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where necessary, seek professional advice from a financial adviser.