Aged Care Finance in Forster
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Professional Aged Care Advice in Forster
Navigating Care Costs with Confidence
Forster locals can access knowledgable guidance to help navigate the financial aspects of aged care through Midcoast Financial Planning Group. Our services are delivered by talented financial advisers, including Certified Financial Practitioners and Aged Care Steps Accredited Advisers, meeting with national industry standards.
Aged care advice covers residential care fees, home care funding, asset assessments and Centrelink entitlements. The process begins with a full review of your financial situation to understand how different funding options may apply under current regulations.
Detailed documentation, including modelling and fee breakdowns, helps clarify available choices and obligations. All advice is explained clearly before implementation. The Forster team provides responsive and respectful service to support families during important financial decisions.
For structured aged care financial guidance, contact 1300 854 764.
Clarity Through Every Step of Care
Aged care financial advice is provided through a transparent, step-by-step process designed with accuracy and compliance in mind. Advisers start with an initial consultation to review assets, income sources and care preferences.
Using licensed modelling tools, they assess aged care fees, means-tested contributions and potential entitlements under Centrelink and the Department of Human Services. You will receive a detailed Statement of Advice, which outlines recommendations and supporting rationale.
Ongoing support is available for documentation updates, re-assessments and policy changes. Midcoast Financial Planning Group’s Forster team focuses on education and clarity, helping you to understand each stage of the financial process.
Communication is consistent, and all advice adheres to current legislation and ethical guidelines. Every interaction prioritises confidentiality and accurate record-keeping, allowing you to make informed decisions with confidence.
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 2
Step 4
Frequently Asked Questions
What are the main costs involved in aged care?
Aged care costs typically include a basic daily fee, means-tested care fee, and accommodation payment. The basic daily fee covers everyday living expenses such as meals and cleaning, while the means-tested care fee depends on income and assets. The accommodation payment can be made as a lump sum (Refundable Accommodation Deposit), a daily payment, or a combination of both. Each person’s fees are calculated according to government thresholds and reassessed as circumstances change.
How does selling the family home affect aged care fees?
The family home may be counted as an asset depending on who continues to live there. If a spouse or eligible dependent remains, it is generally exempt from the means test. Otherwise, it may be assessed up to a capped value set by the government. Proceeds from the sale of the home are included in financial assessments and may influence aged care costs or Centrelink benefits. Understanding these implications before selling is essential to avoid unintended financial outcomes.
Can superannuation be used to pay for aged care?
Yes. Superannuation funds can often be accessed to help pay aged care fees, either through lump sum withdrawals or income streams. Withdrawals may have tax implications depending on age and fund type. Super funds must comply with the Superannuation Industry (Supervision) Act, and withdrawals are typically made after reaching preservation age or meeting a condition of release. Reviewing super arrangements before entering aged care can help ensure payments align with regulatory and financial requirements.
