Plan for the financial and emotive aspects of choosing the right Aged Care Option
For most of us it is can be a difficult discussion to have with our family and friends. However it is very important that your family understand your wishes when it comes to care as you get older and how you would like to fund this care.

The Living Longer Living Better Government initiatives have been rolling in over the last couple of years with the majority of the financial changes taking effect from 1st July 2014.

It is important to understand the financial implications and options when considering your Aged Care options and the advisers at Aged Care Financial Advisers are here to support you.

We will continue to guide you as to the financial options to stay at home, potentially move into an Aged Care facility as a new resident with standard needs or special needs care (such as dementia).read more →



A change in your circumstances can mean being re assessed for Centrelink or DVA entitlements. This can be an overwhelming time and it is best to see a specialist who can assist you to maximise your benefits.

Contact us prior to making any financial decisions, the initial appointment is complimentary.


  1. 1
    Obtain assessment
    By the Aged Care Assessment Team (ACAT) so you know your options
    Moving into a Aged Care Facility is a decision not usually made lightly, you will need to be assessed in your area before being accepted by any Facility, the assessment performed by ACAT will determine the level of care that will be offered to you
  2. 2
    Visit Aged Care Facilities
    Choose your preferred area, visit each Facility and use our free checklist of items to consider when researching Facilities.
  3. 3
    Sorting out the money
    Aged Care Facilities charge fees in many different ways, after 1st July 2014 the fees they can charge include Basic Daily Fees, Means Tested Fee and a Refundable Accommodation Deposit/ Daily Accommodation Payment or a combination of these fees.  Also some Aged Care Facilities offer additional services to their residents and they may charge fees for these extra services.  It is important to get advice on the financial aspects of moving into an Aged Care Facility and how your circumstances and choices could impact the costs of Aged Care

  4. 4
    Check contracts – then apply to become a resident

    For each of the Aged Care Facilities that you like, obtain a copy of their standard ‘Residential Agreement’ and also their application form.  Ask them what their Refundable Accommodation Deposit (RAD or bond) is and record this amount.  You may like to visit and search for your preferred Aged Care Facility.  Each facility must list their Refundable Accommodation Deposit amount on this website and it can be a great way to compare the basic costs of each facility.

    Aged Care Financial Advisers will read the financial area’s of the Facilities Residential Agreement and let you know if any part of their contract is not standard or usual in the industry. We can also point out other financial implications within the Facilities contract that may be of interest to you.

    Once you are comfortable with a Facility, apply to become a resident

  5. 5
    Manage cash flow and ongoing money matters

    Whilst entering an Aged Care Facility does change your daily lifestyle income needs, it does not generally remove all spending above that of basic essentials. For this reason, your cash flow once you enter a Facility is of paramount importance. Aged Care Financial Advisers focuses on your cash flow needs once you enter a Facility and how best you may use your existing assets and income to support your needs

Give us a call today to discuss



Industry jargon, only the facts from ACFA.
The Age Care industry uses a vocabulary all of its own. At ACFA we understand this jargon and are here to translate the jargon to plain English for more →