Aged Care Advice
The numbers sorted, so family can focus on family.
Aged care decisions are complex, emotional and time-sensitive. We make sure the financial side is handled properly.
What we do
Very few financial firms offer this. We do.
Aged care financial advice sits at the intersection of financial planning, tax and Centrelink, three disciplines most firms handle separately. At Securinvest, they're handled by one team who already know your whole financial picture.
The decisions made in the first weeks of an aged care transition (RAD vs DAP, what to do with the family home, updating Centrelink) have lasting consequences. Getting specialist advice before you commit protects both the person entering care and the family.
The decisions made in the first weeks of an aged care transition (RAD vs DAP, what to do with the family home, updating Centrelink) have lasting consequences. Getting specialist advice before you commit protects both the person entering care and the family.
What is a RAD?
A Refundable Accommodation Deposit is a lump sum paid to the aged care facility. The provider may deduct a retention amount of up to 2% per annum for up to 5 years, capped at 10% of the amount paid, with the balance refunded when the resident leaves or passes away. Whether paying a RAD, a daily fee or a combination depends on your assets, income and estate goals.
How does means testing work?
The government calculates your means-tested care fee based on your income and assets. The assessment date matters. Decisions made before the assessment can affect your fee for years.
Does the family home count?
The home is exempt from aged care means testing if a protected person lives there. If there's no protected person, it's assessed at a capped value, not its full market value. Whether to sell, rent or retain is one of the most significant decisions in the process.
What we cover
Services
Means Testing
We model your exact fee position before any decisions are made, so there are no surprises on the first bill.
RAD vs DAP
Refundable Accommodation Deposit or Daily Accommodation Payment. We run the numbers and show you which structure fits your cash flow and estate goals.
Family Home Strategy
Whether to sell, rent or retain the home has major implications for means testing and the pension. We help you decide with a full picture of the tradeoffs.
Centrelink
Moving into aged care often changes your Centrelink position. We can help structure your assets and income efficiently to preserve as much of your Age Pension entitlement as possible.
OUR PROCESS
Our process.
Advice starts with a proper conversation, not a product.
Discovery, on us.
A proper discovery meeting, not a 15-minute chat: what is important in life to you, where you stand, and whether we can genuinely help. Complimentary.
Your strategy, presented.
We build the strategy and present it with clear fees, so you decide with the full picture in front of you.
Implement and review.
We put the plan to work, then stay with you: portfolio monitoring, reviews, and an adviser who picks up the phone.
Who we help
We work with the whole family.
Adult Children
Managing a parent's finances from a distance, or alongside siblings, is stressful. We take the numbers off your plate so you can focus on family.
Retirees & Spouses
If one partner is moving into care, the other's financial position changes significantly. We plan for both at the same time.
Families Making Joint Decisions
Where multiple family members are involved, clear financial advice reduces tension and keeps everyone on the same page.
"Great session via zoom last week. Covered the Aged Care sector from assessments to financials. .... made it easy to understand and very informative."
Debra Cochrane
Google review
Google review
Don't navigate this alone.
The first conversation costs nothing and comes with no obligation.
Or call (03) 9574 8300
