When should you start thinking
about your aged care requirements?

Making an informed decision about aged care is incredibly important. 

Making the wrong decision can have far-reaching consequences for the whole family. When aged care decisions go badly, the stress can lead to family conflicts.

The first place to start is reviewing your current financial position.

The Cutcher & Neale Aged Care team can then model various scenarios and forecast cash flow and net asset positions considering initial and ongoing aged care fees.

These scenarios illustrate the consequences of key decisions such as what to do with the family home, how to fund initial and ongoing fees and what effect each has on government entitlements such as the age pension.

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Costs of Aged Care

The costs associated with residential aged care can be complex and difficult to understand. Navigating through these options, particularly if the need is urgent, can be a very stressful process for those going into care as well as their families.

That is why discussing aged care needs with an experienced advisor is the key to making informed decisions.

The contribution to the cost of aged care can be divided into three broad categories:

  1.   Accommodation payments
  2.   Daily care fees
  3.   Additional service fees

 

 

Aged care is a complex and constantly changing area. Getting good quality advice at the right time is key.

You don’t need extra stress wondering if you’ve made the right decision.

Meet your award-winning team

Shane Morgan

Partner

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Partner

Shane Morgan

BCom, CA, F.Fin, CTA, SSA™

Shane joined Cutcher & Neale in January 2005 and became a Partner in July 2012. He works within our Medical and Dental Divisions and has a particular interest in Self    Managed Superannuation for our Medical and Dental client base.                                              

Shane is a noted presenter and commentator, regularly speaking at events for a range of industry organisations including the Australian Medical Association (AMA (NSW), the Australian Association of Practice Management (AAPM), Australian Dental Association (ADA), and the SMSF Association.

He has extensive experience with Medical and Dental professionals and has assisted many practitioners in planning and structuring their businesses, improving their financial performance and structuring for business succession.    

Matt Edmonds

Associate

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Associate

Matt Edmonds

BCom, Dip FP, Cert IV FMB, CA

Matt is an Associate heading up our Small to Medium Enterprises division. He has over 15 years’ experience in the taxation and business advisory field assisting clients across a wide range of industries.

Matt enjoys working closing with clients to help them achieve their personal and business goals. He believes in a holistic approach to advising clients which places the client at the centre of everything we do.  

Katie Budden

Client Advisor

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Client Advisor

Katie Budden

Tara Cubbin

Client Liaison

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Client Liaison

Tara Cubbin

Contact us

BRISBANE
36 Agnes Street,
Fortitude Valley, QLD, 4006
Australia

NEWCASTLE
130 Parry Street
Newcastle West , NSW, 2302
Australia

SYDNEY
20 Berry Street
North Sydney, NSW, 2059
Australia

PHONE
1800 988 522

EMAIL
cnmail@cutcher.com.au