Aged Care Financial Advice Newcastle
Get clear, compassionate guidance to help you make informed aged care decisions and protect your loved one’s financial future. Our aged care financial advisers support families across Newcastle, Singleton, Maitland, and the Central Coast.
Make informed financial aged care decisions for your loved one
The difference between the right and wrong aged care decision can exceed $100,000 over five years. That is why aged care financial advice in Newcastle, Singleton, Maitland, and the Central Coast is so important.
Transitioning a loved one into aged care is often emotional, time-sensitive, and complex. The aged care system involves government funding rules, Centrelink assessments, legal requirements, and significant financial implications.
Without guidance, families can make decisions that unnecessarily reduce wealth or limit care options.
Our role is to simplify the process. We assess your loved one’s financial situation, explain available care options, and develop a clear plan that supports their needs, dignity, and financial security.
Clients commonly ask us:
- Should we sell or keep the family home?
- How do we afford long-term aged care costs?
- What is a refundable accommodation deposit, and how should it be paid?
- How do income and asset tests work?
- Which aged care facility is the right fit?
Our aged care financial advisers in Newcastle, Singleton, Maitland, and the Central Coast work closely with families to ensure decisions are considered, informed, and aligned with long-term outcomes.
Aged care is changing
From 1 November 2025, the Australian Government introduced major aged care reforms that affect how care is delivered and paid for.
The new Support at Home program has replaced existing government-funded home care services. It consolidates support into eight ongoing categories of care packages, designed to better match individual needs in aged care.
Key changes include:
- Clinical care will be fully government-funded, within package limits
- Higher contribution fees for non-clinical services such as cleaning and gardening
- Means-testing based on both income and assets under Centrelink rules.
These changes increase the importance of aged care financial planning in Newcastle and the surrounding regions. Understanding how funding, contributions, and government subsidies interact with personal finances is essential to protecting your loved one’s financial future.
Our aged care specialists stay across these reforms and explain what they mean for your family, now and into retirement.
Achieve peace of mind with professional aged care financial planning
Aged care planning rarely involves financial advice alone. It often requires legal coordination, Centrelink engagement, and careful structuring of assets and income.
We work closely with Gary Watson at Watson Legal to provide integrated aged care financial and legal advice. This ensures every decision is supported, compliant, and aligned with estate planning and retirement planning goals.
Our financial adviser for aged care in Newcastle, Singleton, Maitland, and the Central Coast can assist with:
- Structuring assets to maximise government pensions and subsidies
- Understanding the financial implications of selling, retaining, or renting the family home
- Managing refundable accommodation deposits and ongoing care fees
- Reviewing investments and income sources
- Ensuring enduring powers and guardianship arrangements are in place.
With the right care and financial advice, families gain clarity and confidence. More importantly, they gain peace of mind knowing their loved one’s finances are protected.
Case Study
Martin was 83 and had lived independently in his family home since his wife’s passing. After a fall resulting in a broken hip, Martin needed to move permanently into an aged care home. His daughter, Susan, appointed as his Enduring Power of Attorney and Guardian, sought aged care financial advice.
Martin owned his family home valued at $530,000 and held $200,000 in savings. He received the Age Pension and required entry into an aged care facility, which required a refundable accommodation deposit of $375,000.
Initially, Susan believed selling the home was the only option. Without advice, this decision would have reduced Martin’s pension, increased his aged care costs, and significantly diminished his assets.
After working with our aged care financial advisers, an alternative strategy was developed. The home was retained and rented, generating income to support care costs while preserving long-term wealth.
Over five years, this approach left Martin more than $71,000 better off and avoided unnecessary financial stress for the family.
Why get aged care financial advice in Newcastle?
Aged care decisions have lasting financial consequences. Professional aged care financial advice in Newcastle, Singleton, Maitland, and the Central Coast ensures families make informed decisions, avoid costly mistakes, and access every available benefit.
Our experienced advisors provide clear guidance, practical support, and personalised financial planning through every stage of the aged care journey.
If you are supporting a loved one through aged care or planning ahead for your own future, our team is here to assist you. With the right advice, complex decisions become manageable, and the best possible outcomes become achievable.
Book a confidential discussion with our aged care financial planning team today.
