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Aged Care

Why Do I Need Aged Care Financial Advice?

Whether you are exploring options for yourself or going through the process of how to properly care for a loved one, aged care requires a great deal of thought. Each year, many Australian families are stuck making complex decisions without any knowledge, which can be very detrimental, especially when it comes to aged care. One wrong decision can severely affect your pension, taxes, costs & how well you’re taken care of.

With the recent changes the government has made, getting the right financial advice for aged care has never been so crucial.

Here at Emohruo, we provide families with financial options to help see that care is affordable and that financial goals can still be achieved. We understand how difficult the financial aspects of aged care can be and we are here to help you!

What Upfront Costs Will I Need to Pay?

What Do I Need to Do?

You need to find out if there is an accommodation payment payable and determine which of your assets can be used to meet the cost.

Residents can choose to pay for their accommodation using the following payment options:

  • Refundable Accommodation Deposit (RAD)
  • Daily Accommodation Payment (DAP)
  • Combined payment amounts, such as 50% RAD & 50% DAP 


How We Can Help

Whether in a lump sum payment, regular instalments, or a combination of the two, we can help you figure out how to pay for your accommodation.

How Much Will I Pay for Ongoing Care?

What Do I Need to Do?

Determine which of the ongoing fees apply to you, including basic daily fees, a means-tested care fee and any extra service fees.

How We Can Help

We can help you devise the right strategy to minimise your fees, including whether or not you should sell your home and how you invest the money. Without the proper plan, you could be facing lower age pension and higher fees.

Can I Keep My Home or Is It Better for Me to Sell It?

What Do I Need To Do?

Get a good understanding of the options and strategies that are available to you regarding your primary residence.

How We Can Help

The decision to keep or sell your home is a difficult one. We can help you determine the best accommodation payment structure so your family home will not affect your Centrelink tests, if you should decide to keep it. If you decide to sell, we can help you with determining how to invest the proceeds and balance between generating income, maximising the age pension and minimising aged care fees.

How Can I Afford to Pay for Ongoing Care?

What Do I Need To Do?

Examine your capital to determine if investing it will provide the cash flow you need for ongoing care costs.

How We Can Help

We can help you maximise your income by assessing your investments.

How Do I Maximise My Social Security Benefits?

What Do I Need To Do?

Determine how the Social Security Income and Assets tests apply to you.

How We Can Help

We will help you choose the right investments that can help you access or retain benefits, including the Commonwealth Seniors Health Card, while minimising the impact to your Age Pension.

Will I Have Something to Leave for My Family?

What Do I Need To Do?

Assess your assets and identify which can be included in your estate and how.

How We Can Help

We can help identify what assets can be left to your estate.

“To get rich you have to be making money while you’re asleep”

– David Bailey 

“A goal without a plan is just a wish”

– Antoine de Saint-Exupery

This website contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.