Preparing yourself, a partner or loved one to enter residential aged care can be a difficult and stressful time for all involved.


One of our specialities at Sydney Wealth Advisers is Aged Care Financial Planning. Sydney Wealth Advisers can help you understand the process involved, assist with meeting the necessary requirements and support with the emotional stress that can often arise.

Understanding all financial impacts of your decision is just the start. Our Financial Advisers can support by attending necessary meetings, completing financial calculations and paperwork requirements, whilst dealing with the emotional upheaval of changing your or your loved ones existing lifestyle which can take its toll on the entire family.

Preparation is key. Getting advice from an Accredited Aged Care Professional can allow you to smoothly navigate this process, receiving the professional advice you need to create effective financial solutions that provide peace-of-mind and a favourable lifestyle for you and your family.

Your Sydney Wealth Advisers Aged Care Specialist can answer questions including:

  • What requirements must be met in order to be eligible to enter residential aged care and how will it be assessed?

  • What accommodation options are available? How can you determine what is suitable?

  • Waiting lists - what are the current timeframes?

  • What are the entry and ongoing costs of aged care accommodation?

  • How will Centrelink entitlements and ongoing income be affected?

  • What will happen to the family home?

  • Are there any Capital Gains Tax (CGT) impact on the disposal of any assets?

  • How can investments and finances be structured to ensure long-term income, capital security and tax efficiency?

  • How will an aged care placement affect current Estate Planning arrangements? 

The Sydney Wealth Adviser team will work with you, your family, solicitors, accountants, and Aged Care Providers to achieve the following outcomes for you:

  • Equip you with the appropriate information to help you negotiate with Aged care facilities, in order to secure a desired placement and acceptable fee structure.

  • Decide on the optimum strategy for the family home in order to optimise accommodation costs and pension entitlements.

  • Calculate if an accommodation payment or contribution is payable and how you can efficiently structure your assets to fund this.

  • Evaluate options for paying a refundable accommodation deposit or daily accommodation payments while ensuring that Centrelink benefits are not negatively impacted.

  • Determine how ongoing accommodation fees can be minimised and pension entitlements can be maximised, through the structuring of investment assets and implementation of financial planning strategies.

  • Maximise access to additional benefits, such as the Commonwealth Seniors Health Card.

  • Utilise the financial planning strategy to structure assets in order to maximise tax efficiency.

  • Ensure the financial planning strategy enables an efficient estate transfer to beneficiaries in line with your wishes.

  • Perform a regular strategy review to maintain your strategy’s effectiveness.

We will ensure your Aged Care strategy is completed in a timely and stress-free manner so that you can focus on what matters most. Once you or your family member are settled into  accommodation, you can relax knowing that you or your loved one have quality of life in appropriate care, you have achieved this with the greatest financial efficiency and that the financial situation is effectively structured for the future.