Aged Care Finance in Taree
Serving Tuncurry, Forster, Taree, Port Macquarie and surrounding areas.
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Clear, compliant aged care advice — tailored for Taree.
Comprehensive Aged Care Advice
At Midcoast Financial Planning Group, we provide structured advice on managing the financial aspects of aged care. The service is provided by knowledgable financial advisers, making certain every recommendation aligns with national guidelines and standards.
Our aged care advice covers topics such as funding residential care, understanding means testing and reviewing Centrelink entitlements. Every situation is reviewed individually to determine appropriate payment options and care structures.
The Taree team provides responsive communication and clear explanations, helping families understand the full scope of their responsibilities. Every stage of the process prioritises accuracy, transparency and compliance.
For reliable aged care advice in Taree, contact 1300 854 764 to speak with a licensed adviser.
Guidance Through Every Financial Stage
Our advice is delivered through a careful process that invites precision and compliance. Advisers begin by reviewing income, assets and existing financial commitments to determine how government fees and entitlements may apply.
Licensed financial software is used to model potential scenarios, including accommodation payments, means-tested fees and pension eligibility. Findings are clearly outlined in a formal Statement of Advice, complete with supporting calculations and legislative references.
You will be given time to review all documentation and seek clarification before proceeding. Ongoing support is available for reporting changes, updating Centrelink records and revisiting financial strategies as circumstances evolve.
Midcoast Financial Planning Group’s approach focuses on education and accountability — making certain you always receive clear, compliant and well-structured financial guidance.
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
How are aged care costs determined in Australia?
Aged care costs are calculated based on income and assets, using government-defined tests. The basic daily fee covers living expenses such as meals and cleaning, while the means-tested care fee is based on financial capacity. Some individuals also pay an accommodation payment, which can be made as a lump sum, daily fee, or a combination. Fees are reviewed regularly and may change as financial circumstances or legislation updates.
What is the difference between home care and residential aged care?
Home care allows individuals to receive support services while remaining in their own home, with costs based on income and package level. Residential aged care, on the other hand, provides full-time accommodation and access to higher levels of care. Both options are subject to means testing, and financial arrangements must comply with government regulations. Understanding the differences helps families plan effectively for long-term care needs.
Can I keep my home if I move into aged care?
Yes, in many cases, individuals can retain ownership of their home when entering aged care. Whether it’s counted as an asset depends on who remains living there. If a spouse or dependent stays in the home, it is generally exempt from the means test. However, if the property becomes vacant or rented, part of its value may be assessed by Centrelink. Reviewing the financial implications before making decisions about the home is essential for compliance and planning.
