Aged care financial advice
Welcome to Smart Private Wealth • Learning Centre • Insights
Welcome to Smart Private Wealth • Learning Centre • Insights
Understanding how to navigate the complexities of arranging care for yourself or your loved ones when independent living is no longer
an option can be a daunting task. To ensure your future is filled with care, security, and contentment, it's crucial to access the right
information and advice.
Aged care financial advice involves addressing a range of complex and unique issues that necessitate careful consideration:
How does it work?
At Smart Private Wealth our dedicated Aged Care Advice team is here to help you navigate the complex aged care system while providing
well-founded financial guidance.
We deliver comprehensive advice tailored to your individual situation by:
Planning in advance allows you and your family the time needed to make well-informed choices that will positively impact your future well-being.
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Accommodation payments (called Refundable Accommodation Deposits – RADs for short) are one of the most misunderstood areas of residential
aged care. Many people don’t realise that a RAD is not “lost” money but is refundable when you leave care or pass away.
This year’s Federal Budget focussed on the rising costs of living and how to help Australians manage. Before the Budget there was speculation that we would see changes for aged care funding and fees, but what made it into the Budget?
RADs, DAPs, MPIRs, MTAs and ACATs !! These are just a few of the acronyms you will face when navigating aged care decisions. It might even feel like you’ve landed in a foreign country where you don’t understand the language or the rules.