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Book a FREE consultation
and receive your complimentary eBook

Get started with a free strategy consultation and receive a copy of the Good Fortune Guide – written by James McFall, Managing Director Yield FP and 2020 National Finalist Certified Financial Planner of the Year to help educate you on your Financial Plan.

    What areas of financial planning are you looking for advice on?

Book a FREE consultation
and receive your complimentary eBook

Get started with a free strategy consultation and receive a copy of the Good Fortune Guide – written by James McFall, Managing Director Yield FP and 2020 National Finalist Certified Financial Planner of the Year to help educate you on your Financial Plan.

What is Aged Care Financial Planning?

Aged Care Financial Planning is advice to help you or your loved ones optimise the transition into nursing care. It’s about structuring your financial affairs, so you minimise the nursing home costs; maximise Centrelink Age Pension; make the right decision about your family home; and invest well considerate of the legacy you want to leave to your loved ones.

Planning for Aged Care

Studies show that Aged Care decisions are often made in the nursing home car park

If you or someone you know is starting to consider Aged Care financial advice to understand your options, you may well be feeling overwhelmed. It’s complicated and requires a lot of decision making at what is usually an emotionally charged time.

At Yield Financial Planning we have helped several of our client’s family find the right financial outcome for them, leaving them to focus on finding the right accommodation and care to best suit the individual need.

We’d Love To Help

Financial Planning Advice For Your Aged Care Advantage

The four ways that we are best placed to help your family make the smoothest possible transition into Aged Care includes:

  • 1
    Aged Care Financial Advice to help you choose which payment option works best when entering an Aged Care Facility
  • 2
    Help to maximise Centrelink Age Pension
  • 3
    Assistance in understanding the impact of holding or selling the family home
  • 4
    Investment and aged care advice to ensure your loved one is taken care of and that the investments placed, are made considerate of the ultimate transition to the estate
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We have been very impressed with the level of service from both James and Daniel.

They have been wonderful during this emotional and busy time with planning for dad’s next stage in life.

Demi & Voula Papadoiliopoulos
What you need to consider when Aged Care Planning

Financial Planning advice from Aged Care Specialists

With so many calculations to consider that determine the overall cost of Aged Care, including a Basic Daily Fee, Means Tested Care Fee, Refundable Accommodation Deposit (RAD), a Daily Accommodation Payment (DAP) and then any additional ‘extras’ offered by Aged Care providers, along with various Income & Assets tests and Fee caps, we can work with you to break down what you might pay and plan your assets, to MAXIMISE your Centrelink Age or DVA Pension entitlement.

Often people are confused as to whether they should sell the Family home or keep it as an investment, pay the full Refundable Accommodation Deposit or only part and the answer to each of these questions is entirely dependent on the individual circumstances, including amongst other things, health.

Some investment products can increase Aged Pension or DVA entitlement and we will consider these as an option, to meet the immediate and medium term needs of the individual, while remaining considerate of the Estate.

Give Us A Call
Trusted Melbourne Financial Planners

Delivering results for our clients is what drives us

We are proud of the positive client feedback we receive, which is evidenced by our Net Promoter Score (NPS®) 71+. An industry survey completed by Beddoes Institute ‘identified 50 or more reflected an objective benchmark of exceptional client service and performance’ for financial advisors.

 

Our Service DNA means:

  • We are highly responsive and we are here for you
  • We do what we say
  • We always put your interests before our own

Our investments regularly outperform benchmarks; and our plans and strategies deliver realistic and measurable results, tailored to your risk profile. If these are qualities you are looking for in a financial planner, Yield Financial Planning is your obvious first choice.

 

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Get started with your free strategy consultation and receive a copy of the MOST IN DEMAND Good Fortune Guide – written by Certified Financial Planner of the year 2020 national finalist, to help educate you on your financial plan.