Entering the aged care system is often a difficult time for many families. We, or someone we love, face the prospect of a loss of independence. It can all be very scary.
What’s more, the financial aspects of the aged care system are incredibly complex. What fees do you have to pay? When do you have to pay them? To whom do you have to pay them? How does being in residential care affect your Centrelink entitlements? Your super arrangements? Your estate plans?
We can assist you to fully understand your financial situation and the way that this interacts with your aged care. This involves things like:
- Working out the type and quality of care you can afford;
- Working out the costs of this care;
- Arranging to pay your accommodation and care fees that apply;
- Ensuring you maximise your Centrelink pension and any other entitlements;
- Best managing your family home and other significant assets; and
- Simply ensuring that your time in aged care is as financially comfortable as possible.
In the best cases, planning for aged care should start well before the need for aged care arises. The planning should start when your retirement planning starts – aged care is, after all, part of your retirement. And starting the planning process as early as possible lets you also ensure that this planning complements the other elements of your financial plan, such as your estate planning.
That said, it is also never too late for good planning. So, if aged care is already a reality, then get in touch with us and make sure that you make that reality as pleasant and satisfying as possible.
Peter Robert Banicevic
Director and Financial Planner
Peter Banicevic – Director & Financial Adviser
BComm, GDip Fin Planning (Kaplan)
Authorised Representative (ASIC 330835)
Peter, is our fulltime financial planner and is dedicated to providing advice to clients to improve their financial futures. He has been providing advice to clients since 2008.
Financial advice is more than just investments, it’s more about having the right strategies in place to achieve your financial and lifestyle goals. And with a financial “coach” in you corner, you will make better financial decisions whichever stage of life you are at.
His approach blends the common sense, is easy to understand and focuses on client goals to achieve results for clients.
In 2008, Peter became an authorised representative of Count Financial Limited. In 2012, Peter is was an authorised representative of Securitor, which is part of the BT/Westpac group.
In August 2015, Peter become licensed via Dover Financial Advisers Pty Ltd. And currently since July 2018, Peter is licensed by Lifespan Financial Planning Pty Ltd.
Peter is authorized to provide advice on:
- Superannuation & Pension Funds
- Self Managed Super Funds
- Retirement savings products
- Personal Insurance products
- Margin Lending
- Managed Investments
And also provides advice in regards to:
- Centrelink matters
- Aged care financial costs and requirements
- Arranges Equipment finance and home loans via our partnerships with lending managers to get the best outcomes for our clients.
Peter obtained a Bachelor of Commerce from the University of NSW in 1993, and has a Graduate Diploma in Finance and Investment from Kaplan (previously the Securities Institute) and a Graduate Diploma in Financial Planning with Kaplan (2010).
He has worked with financial planners and their clients in his previous roles with Ord Minnett, Leveraged Equities & Adelaide Bank largely in customer service and business development. He has worked in the finance industry since 1993.
Peter in his spare time likes to spend time with his young family but also likes yoga, listening to kirtan music and sports.
Peter’s philosophy is, "You work to live, not live to work so live more simply and think about the higher more important things in life." Email Peter: email@example.com
Peter Robert Banicevic is an authorised representative (330835) of Lifespan Financial Planning Pty Ltd (AFSL 229892).