Aged Care Finance in Tuncurry

Taree and Port Macquarie

Contact Our Team

Clarity, compassion and confidence in aged care decisions.

Man in Glasses Shows Document to Senior Couple — Midcoast Financial Planning Group in Tuncurry, NSW

Financial Clarity for Every Generation

Aged Care is a complicated area to fully understand. There is a lot of information to sift through and the conversation is sometimes a tricky one to approach.


At Midcoast Financial Planning Group, we help to make navigating aged care easier for you and your family. The financial issues of aged care are complex and you need to obtain an accurate understanding of the facts as they apply to you and your unique needs.


Just getting a basic understanding of what forms to complete, when to complete them and where to send them can be a difficult path to navigate.

The best financial strategies and options will depend on your specific circumstances, objectives and situation. With professional guidance, families can make well-informed choices that protect assets while providing comfort and continuity of care.


To discuss tailored aged care financial advice, contact  1300 854 764 to arrange a private consultation.

Our Process

Our Proven Process helps us get to know you – your passions, goals, needs and wants. From there, we develop a customised financial plan that adapts and changes as your life progresses.

Step 1

Discovery Call

Let's have a quick chat to see how we can work together to help you achieve your goals.

Step 2

Gather Data

We gather data about all aspects of your financial situation so we take a comprehensive look at your life and finances.

Step 3

Financial Plan

We create a personalised financial plan that will serve as a roadmap towards your goals.

Step 4

Implementation

We set your financial plan in action by implementing all your personalised strategies.

Step 5

Support

There is no 'set and forget it' here. We stay in touch and review your plan based on major life changes or market factors.

Discovery Call

Let's have a quick chat to see how we can work together to help you achieve your goals.

Step 2

Financial Plan

We create a personalised financial plan that will serve as a roadmap towards your goals.

Step 4

Support

There is no 'set and forget it' here. We stay in touch and review your plan based on major life changes or market factors.

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Paper Icon
Financial Planning Icon
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Support Icon

Step 1

Gather Data

We gather data about all aspects of your financial situation so we take a comprehensive look at your life and finances.

Step 3

Implementation

We set your financial plan in action by implementing all your personalised strategies.


Step 5

Person Signing a Document, Another Pointing at a Specific Line — Midcoast Financial Planning Group in Tuncurry, NSW

How We Can Help

Midcoast Financial Planning Group can help you cut through the vast amount of information that is available online, government departments and well-meaning friends and neighbours. We will focus on highlighting the information and issues that are important to you and your specific financial situation.


We will ensure that all aspects of your financial situation are addressed:


  • the family home
  • pensions
  • accommodation payments
  • care fees
  • cash flow and,
  • investment planning


To discuss your aged care needs please contact one of our qualified Financial Advisers at Midcoast Financial Planning Group on 1300 854 764.

Real Estate Agent Handing House Keys to Smiling Senior — Midcoast Financial Planning Group in Tuncurry, NSW

Frequently Asked Questions

  • What are the main costs involved in aged care?

    Aged care fees are typically divided into four categories: the basic daily fee, means-tested care fee, accommodation payment, and extra or additional service fees. The basic daily fee covers meals, cleaning, and general living costs and is set at 85% of the single Age Pension. The means-tested care fee depends on income and assets, while accommodation payments can be structured as a lump sum (RAD), daily payment (DAP), or a combination of both. Understanding how these interact is essential to plan affordability and preserve capital where possible.

  • How does entering aged care affect the family home?

    The family home is assessed differently depending on occupancy and ownership. If a spouse or dependent remains in the home, it is generally exempt from the assets test. However, if the home is unoccupied, only a capped value is assessed for aged care fee calculations. Deciding whether to sell, retain, or rent the property can significantly affect cash flow, Centrelink entitlements, and estate outcomes. Each option has implications for long-term wealth preservation and requires careful financial evaluation.

  • Can I still receive Centrelink benefits while in aged care?

    Yes, many residents continue to receive Centrelink benefits, though the amount may change once fees and assets are reassessed. The Age Pension is subject to ongoing means testing that includes the value of the resident’s home (up to a cap), savings, and investment income. Accurate reporting ensures continued eligibility and avoids overpayments. Reviewing your situation before moving into care helps manage entitlements effectively and avoid interruptions to benefits.