Aged Care Advice

Whether you’re investigating aged care for yourself or a loved one, we can help manage your expenses, assets and estate to relieve your stress and ensure your wealth is safe and sound.

We pride ourselves on being approachable, proactive and delivering open and honest interactions and guidance, particularly in high-stress times, such as moving into aged care. We leverage our local experience and expertise to better understand your needs, and provide you with an alternative perspective.

retirement planning wollongong

Our Aged Care Financial Advice

Our specialist Aged Care Advice team can assist you in making sense of the aged care system and base their decisions on sound financial advice which takes your current position into considerations. Entry and ongoing funding can be very technical and confusing.

We offer you detailed advice considering your personal financial circumstances by:

  • Analysing a range of payment options for your care at home or in residential care
  • Illustrating how the Government may subsidise your aged care costs
  • Providing detailed cash flows over five years, taking into account available tax offsets and Centrelink exemptions
  • Modelling the impact of concessions for your home

Aged care financial advice is specific, complex and the following issues require consideration:

Home care

  • Outline of Home Care Package subsidies provided by the Federal Government.
  • Explanation on how the basic daily fee and income-tested fees are calculated – can impact hours of care received and cashflow
  • Options to assist in payment of fees and managing cashflow
  • How to get an ACAT assessment

Residential care

  • Options to pay the accommodation payment (room cost) – Refundable Accommodation Deposits (RAD), Daily Accommodation Payments (DAP), RAD + DAP, DAP from RAD
  • How to qualify as a low-means resident and not pay an accommodation payment but instead an accommodation contribution, subsidised by the Federal Government
  • Explanation on how the basic daily fee and means-tested fees are calculated and impact on Age Pension benefits and cashflow
  • Options to pay for initial costs and ongoing fees
  • Options for the family home

We can help you by

  • Deciding if you/your loved one should pay a RAD or DAP on entry to an Aged Care home.
  • Planning for aged care early on so that you’re prepared should the need arise
  • Exploring and assessing your aged care options
  • Calculating your costs to ensure you can sustain the level of care needed long-term
  • Putting contingencies in place should you need to borrow money to finance aged care
aged care advice

The Value of Aged Care Financial Advice

Since Australians are living longer than ever, aged care is becoming more and more of a necessity for many people. Seeking professional financial aged care advice can help to give you peace of mind during an otherwise very stressful time. We can help you to maximise your income and pension benefits, while minimising the costs of aged care facilities.

Whether you’re seeking advice and planning for the future or have been suddenly struck with the financial burden of aged care, Smart Financial can help you navigate the complexities of financing aged care.

Why choose us?

Clarity - Direction for Your Financial Journey

We start by taking the time to understand you and your family—where you are today, your values, and your hopes for retirement. We use this understanding to help you clearly visualise your financial future, and then build you a straightforward, personalised plan to achieve this vision. We are with you every step of the way, helping you navigate change and delivering clarity throughout all stages of your financial journey. You can be confident that you have a sound plan for your family’s future and your retirement.

Partnership - Your Trusted Adviser and Coach

We pride ourselves on being approachable, proactive and delivering open and honest interactions and guidance. We leverage our personal experience and expertise to better understand your needs, and provide you with an alternative perspective. You’re more than just a number to us—we truly want to get to know you and your family so that we can better tailor a solution that suits your specific needs. We work hard to establish a long-term partnership with you—this way, you know that you’re respected, supported and understood.

Expertise - Technical Knowledge for Solid Financial Management

The Smart Financial team possesses in-depth technical expertise and experience to help you set goals, manage your cash flow, secure and grow your wealth, protect your assets, and explore your retirement and aged care options. We consider your current financial position, and your plans, to build a strong platform for your future. Our regular reporting helps you update your financial plans as your life evolves. With Smart Financial, you have the security of knowing your wealth is not only protected, but growing.

Local - An Established Team with a Regional Focus

Smart Financial was established in Shellharbour over 10 years ago and, today, has multiple offices throughout the region. All our advisers are long-term residents, deeply embedded in the local community, and all our clients have direct access to the leaders of the business. Privately owned and not exclusively aligned to any major financial institution, you can rest assured that we are unbiased and act only in your best interest. Wouldn’t you rather partner with someone who shares not only your values, but your local heritage as well?

Let’s talk about your financial goals

Contact us
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