Other things to consider
Moving into residential aged care or a retirement village is a major decision both personally and financially. For your own peace of mind, we recommend that you consider the following:
1. Getting some independent financial advice
There is a free financial information service available through Centrelink, which provides information including how the pension and assets tests operate, and basic information about taxation matters.
Call 13 23 00 or refer to their website www.centrelink.gov.au. Alternatively, there are many independent financial advisors who specialise in aged care advice. Refer to the phone book or an internet search.
2. Arranging for a power of attorney and enduring guardianship
There are good reasons for ensuring that you have arranged for a family member or close friend to make decision on your behalf, outlined in the attached document .
We recommend that everyone entering into residential aged care or a retirement village has appropriate arrangements in place. If you do not currently have a legal advisor and would like assistance and we can help arrange for this to be done independently, free of charge.