1300 966 836 info@bsrfa.com.au

Aged Care

The rapidly ageing population in Australia is a huge issue now touching the lives of many. When a relative goes into aged care it is not just a medical event but, potentially, a financial risk for your family. It may affect tax, pensions, estate planning and even inheritance. Good advice is crucial.

In response to this BSR Financial Advisers have recently launched Sydney Aged Care Financial Advisers, a new specialist division in our financial planning practice.

Like most things in life, when it comes to aged care forward planning helps. We have published a FREE Guide to Aged Care Finances that you are welcome to download here.

The guide will give you a better understanding of how the aged care system works, the process of moving a loved one into care as well as what you can do to prepare.

From 1 July 2014, the aged care system in Australia will radically change with the introduction of the “Living Better, Living Longer” reforms.

These changes may impact your family with:

  • a more complex aged care entry process
  • increased costs and fees payable
  • new means-testing on assets

BSR Financial Advisers stands ready to assist your family with any aged care advice needs.