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aged care financial advisors

Expert Aged Care Financial Advice on the Gold Coast

Whether you need help in your home or need to move into an aged care home, navigating through the complex aged care system isn’t easy. Knowing how to transition into a home and how to afford care can be overwhelming and stressful.

Aged care advice is a precious area of advice that requires a great deal of care and understanding of everyone’s unique situation. We understand this better than most. Our Gold Coast aged care advisors are here to help guide you through the aged care maze; to help educate you on the process, and inform you of your options; so you can make the best decision for your future care.

How Our Gold Coast Aged Care Advisors Can Help

Centaur Financial Services will help you gain a better understanding of your current financial position and what impacts that may have on your aged care costs. By taking a holistic review of your situation, our Gold Coast aged care advisors can provide guidance and financial advice on the best options for you or your loved ones. We will walk you through the entire process; explaining each financial step in the process and the costs of the various options available to you.

Taking care at a time when we often can’t take care of ourselves.

Our aged care advisors on the Gold Coast have a wealth of experience, which can help you make better decisions towards your pension years.

We can help you:

Maximise Pension

Explore all options to maximise your Centrelink or Veterans Pension

Aged Care Impact

Address the impact on pensions, cash flow, tax, and estate planning

Decrease Care Fees

Decrease your means-tested or income-tested care fees

Aged Care Bond Payments

Options to pay the Aged Care Accommodation Bond (RAD)

Family Home Options

Determine whether selling or renting your home is the best option

The Centaur Difference

Centaur Financial Services is with you through all stages of life, including your transition into aged care.

Our goal is to provide you with a clear path forward through the multifaceted aged care fee structure and to help you make informed decisions about your investments and financial situation as you move into a nursing home or a residential aged care facility.

Working through what’s required can be complicated, but with our support, our Gold Coast aged care financial advisors can make the transition much easier for you. We will review your current financial position and formulate a strategy that offers you the finances required for aged care. Taking into account your assets and homeowner status, and the impact it will have on tax, cash flow, pension, and estate planning, we review the various accommodation options available to you and then advise which is best for you.

Ease your financial concerns and gain financial clarity for your future care with expert aged care financial advice on the Gold Coast from Centaur Financial Services.

aged care advisors gold coast

Important Decisions for Aged Care

The decisions concerning your or your loved one’s future care can’t be rash. There are many aspects to consider, which is why aged care is notoriously complicated. Moreover, there are consequences to every decision. Thus, it’s best not to make any financial decisions concerning aged care without first seeking professional financial advice. You need to understand these consequences to ensure you choose the best; most tax-efficient option.

Don’t make any financial decision before speaking with our Gold Coast financial advisors.

What to Avoid

Don't decide to sell your home without knowing the impact the sale will have on your pension and aged care fees
Don't decide to Rent out your home before talking with Centaur Financial Services and understanding the consequences
Don't assume you have enough in superannuation to afford aged care
Don't decide on an aged care facility without exploring your options
Don't Let a family member dictate your future care needs

Frequently Asked Questions About Aged Care

  • How much does aged care cost?

    The cost of aged care varies depending on the facility you choose and your income and assets. There is a basic daily fee, which everyone must pay. The maximum basic daily fee is currently $52.25, or $19,071.25 per year – this figure is 85% of the single basic Age Pension. In addition to this fee, there is an accommodation fee and a means-tested care fee. How much you pay for accommodation and means-tested care fee will be determined solely by your means assessment. The maximum daily rate for means-tested care fee is $256.44, but not everyone will have to pay this fee.

    If you are eligible for an aged care home, you may have to pay one, two, or all three of these fees.

    Additional fees may incur for extra and additional services provided by the facility.

    The Government will help with aged care accommodation costs

    If you don’t have the means to cover the full costs of aged care, you will receive financial aid to cover some or all of the costs – this is determined in the means assessment. A guide to the available funding is as follows:

    • Assets below $50,000 and income below $27,840: The Government will cover all accommodation costs
    • Assets above $ 171,535.20 and income above $70,320: You will cover all accommodation costs
    • If you have to pay part of the accommodation costs, the Government will cover the rest of the costs
  • How does Aged Care work in Australia?

    The Australian aged care system is for those aged 65 or over, who cannot live in your home without assisted support. The system is funded by the Australian Government, which spent $19.9 billion on aged care services in 2018-19.

    There are three types of care available; at-home care, residential care (nursing home), and flexible care, which comes in various forms.

    How much you have to pay for your aged care depends on whether you have the means to contribute or not (see above for costings). Those seeking subsidised aged care must apply for an assessment. The assessment process determines eligibility based on your care needs by the home and how much you can afford to pay towards your care and accommodation costs.

  • What is the difference between aged care and a nursing home?

    There is no difference between aged care (home) and a nursing home. However, Aged Care is a broader term which doesn’t necessarily refer to residential care, such as a nursing home. There are three types of aged care options; at-home care, residential care (nursing home), and flexible care, which comes in various forms.

See what our happy client's have to say about us!

If you are looking for a company that will go above and beyond to look after you and your money, you can do no better than Centaur Financial Services. Real People, Real Service and Real Returns.
Karen Hobbs
Karen Hobbs
07:26 24 Nov 20
Hugh has been our financial advisor for over ten years. We have always felt very comfortable and confident, trusting in Hugh’s knowledge and strategies in his industry. The Centaur team are friendly and efficient and would have no hesitation in recommending Centaur Financial Services to anyone looking for financial advice.
Pam Lindores
Pam Lindores
06:38 24 Nov 20
Hugh has always made us feel comfortable in every interaction we have had with him and his team, very professional but to a standard that we as non financial experts understand what he is talking about, we feel his advice to us has always made sense.
Peter Craig
Peter Craig
10:12 23 Nov 20
I have felt comfortable from the outset with all interactions with Hugh and the crew. It is nice to feel this way and I feel a rare experience in our current business climate.
Linda Leighton
Linda Leighton
10:03 23 Nov 20
Could not be happier with how our Super is being handled. Hugh and the pleasant girls at Palm Beach would literally bend over backwards for any of their clients.We would not hesitate to recommend Centaur Financial Services to anyone that is looking for a reliable and honest crew to look after their financial affairs.
Ronnie Foley
Ronnie Foley
05:30 07 Aug 20
I have found all members of Centaur staff to be unfailingly prompt, efficient and considerate. They have all seen me through some difficult personal issues and i would have no hesitation in recommending the firm to anyone in need of financial planning assistance or advice.
Ronald Black
Ronald Black
03:59 23 Jul 20
I have known Hugh for more than ten years and have always found him approachable, direct and very client centric. Hugh was a deserved winner of the 2018 AFA Adviser of the Year award, an award which eclipses all others in the advice profession. Hugh and his team at Centaur support many Australian families on their financial journey with advice that provides certainty and peace of mind.
Marshall Brentnall
Marshall Brentnall
23:05 30 Oct 19

Need Aged Care Financial Advice on the Gold Coast?

Turn to Centaur Financial Services; expert Gold Coast financial planners for retirement, pension, and aged care.

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The information provided on and made available through this website does not constitute financial product advice. The information is of a general nature only and does not take into account your individual objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice. We recommend that you obtain your own independent professional advice before making any decision in relation to your particular requirements or circumstances. Centaur Financial Services do not warrant the accuracy, completeness or currency of the information provided on and made available through this website. Past performance of any product discussed on this website is not indicative of future performance.

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