Centrelink & Aged Care
Age Pension
The age pension provides older Australians with income support to meet the ongoing costs of day-to-day living and retirement. The age pension and seniors card also includes a range of concessions and incentives to help older Australians with enjoying their retirement.
Integrity Financial Advisory can provide professional assistance with navigating Centrelink age pension options and benefits available.
Whether you're looking to help a loved one or in need of solutions for yourself, we're here to help you.
We’re here to help in the following ways:
- Preparation of your age pension application and reviewing application forms.
- Identification of opportunities and strategies that may assist with increasing and maximising your pension.
- Ensure you are receiving the correct amount and appropriate pension for your situation both initially on application, and as a part of our annual review process.Working with your accountant and lawyer to ensure your needs or the needs of your loved ones are well supported.
Aged Care
As Australia's population continues to age, the proportion of people over 65 is rising. Many elderly people aim to remain independent and live in their own homes. But in some cases this just isn't possible.
We understand that the move from retirement to assisted living can present financial challenges. Not the least of which is managing your assets and navigating age pension options, even just contemplating the move to assisted living can be confusing.
Aged care is an increasingly complex area for everyone to navigate and some important choices have to be made. Issues such as the family home retention or sale, tax implications of any choices made, changing legislation, Centrelink, types of assisted living packages, care facility fee structures, accommodation deposits, and estate planning need to be considered.
And all this at a time of life when managing such matters can become increasingly daunting and difficult.
We specialise in guiding you through the decision processes on your journey from retirement living to aged care.
Here’s some of the ways we can help:
- Strategies to fund your Refundable Accommodation Deposit (RAD) or Daily Accommodation Payment (DAP), along with the daily fees such as, basic daily fee, means-tested care fee, additional and extra service fees.
- Maximising aged pension benefits whilst in care.
- Minimising tax implications of realising assets for the transition.
- Working with your accountant and lawyer to ensure your needs or the needs of your loved ones are well supported.
- Estate Planning – referring you to a solicitor with the right information to prepare "Enduring Powers of Attorney" and "Enduring Guardianships" and Wills as required.
Contact us today to discuss how we can work together: (08) 7078 3000 or admin@integrityfa.com.au
