How aged care works
What are the different options available to you?
With an ageing population and life expectancies increasing, the number of older Australians is expected to double over the next 20 years. Australia’s increasing life expectancy is great news. However, it also means more Australians will require some form of aged care over the coming decades.
Planning for a potential move into aged care will become an important consideration for a growing number of Australians, especially when you consider around 1 million older Australians currently receive some form of aged care or support.
How Westlawn can help with aged care
A qualified Westlawn Wealth Adviser can help you plan a move into aged care for you, your partner or another family member. They can provide expert advice on:
For more information on aged care
For more information on aged care, download MLC’s 2017/18 A Guide to Aged Care.
You can also find more information on the Australian Government’s www.myagedcare.gov.au website.
Information on the website includes:
- Types of services available
- Aged care homes
- Costs
- Eligibility and assessment, and
- Finding a service.
Online fee calculator
Macquarie University has developed an easy-to-use online retirement village calculator to help you understand and compare the relative costs of different retirement contracts. The calculator takes the complex range of fees, including entry fee, ongoing fee and exit fees, into account to calculate a simple ‘equivalent monthly rent’ for the years of residence.
Liz Maroney
Westlawn Wealth Adviser, CFP
Westlawn
Sarah Dickson
Westlawn Wealth Adviser, AFP
WestlawnImportant information
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General Advice Warning
The advice on this site may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial, tax and/or legal advice prior to acting on this information.
Past performance is not a reliable guide to future returns.
The information in this document reflects our understanding of existing legislation, proposed legislation, rulings etc as at the date of issue. In some cases the information has been provided to us by third parties. While it is believed the information is accurate and reliable, this is not guaranteed in any way.
Opinions constitute our judgement at the time of issue and are subject to change. Neither, the Licensee or any of the National Australia group of companies, nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this document.
Liz Maroney and Westlawn Wealth Management Pty Ltd ABN 32 124 861 409, Authorised Representatives of GWM Adviser Services Limited ABN 96 002 071 749, Australian Financial Services Licensee, 105 -153 Miller Street North Sydney NSW 2060.
Please note that GWM Adviser Services Limited is not responsible for the advice and services provided by Westlawn Finance Limited, Westlawn Insurance Brokers Pty Ltd, Westlawn Life Insurance Pty Ltd or Westlawn Business Services Pty Ltd.
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