Aged Care

Retirement & Aged Care on the Mornington Peninsula

Caring For Your Future

Researching aged care options and considering the costs can be an emotional, overwhelming topic. That’s why our compassionate team at Freedom Wealth Solutions provide clear advice to help guide your decision-making process. From in-home care to modern care facilities, we can explain your options and make sure your retirement plan is comprehensive. We work with clients in Melbourne, Gippsland, Frankston, Rosebud and throughout the Mornington Peninsula. 

Aged care planning involves thinking about what kind of care you would like to receive, how you would like to be cared for and where you would like to live. It’s important to start thinking about your future care needs as early as possible. This will help you make informed decisions and ensure you are prepared for any eventuality.


If you’d like to discuss your aged care options, our financial advisors are here to assist. Call Freedom Wealth Solutions today.

Your Required Level of Care

Older adults in Mornington Peninsula have three major aged care options to consider. Firstly, you may choose to remain in your family home under a home care package. This provides you with assistance from support services, while maintaining much of your independence. Another popular option is moving into a retirement village. This is where you live in a self-contained community with other over-55-year-olds. If you require expert care at all times, an aged care facility is likely the best option. Aged care facilities provide accommodation, personal care and nursing care for seniors who can no longer live independently. 

Affording aged care usually comes down to an income and asset test. Our financial advisors at Freedom Wealth Solutions can explain the current requirements and help you make appropriate plans should you require full-time care in your later years. This helps provide you and your family with peace of mind, knowing you’ve prepared for a range of scenarios. 

Our Goal is Your Financial Freedom

Our Goal is Your Financial Freedom

Frequently Asked Questions

  • What are the fees associated with aged care?

    There are a number of fees associated with aged care, such as an entry fee, a daily care fee and a means-tested care fee. The amount you'll need to pay will depend on your individual circumstances.

  • Can I get help to pay for aged care?

    There is financial assistance available to help cover the costs of aged care. There are a number of government subsidies and benefits available, such as the age pension and the carer payment. You may also be eligible for a means-tested care fee subsidy.

  • What are some of the things I need to think about before moving into an aged care facility?

    There are a number of things you need to consider before moving into an aged care facility, such as your current and future care needs, the cost of aged care, the location of the facility and the type of accommodation available. You'll also need to think about whether you're ready to downsize your home and move into a smaller living space.

  • What are some of the benefits of living in a retirement village?

    There are a number of benefits of living in a retirement village, such as the ability to downsize your home, the opportunity to meet new people and the availability of social activities and events. You'll also have access to a range of amenities, such as swimming pools, gyms, tennis courts and libraries.

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Our Goal is Your Financial Freedom

Our Goal is Your Financial Freedom

Things to Consider

Planning for your aged care requirements can seem daunting—there are many things to consider. That’s why our financial advisors are here to guide you through the process and answer your queries. Here are a few things we can help you plan for:


  • How will you pay for the accommodation?
  • Will you need to sell the family home?
  • Does your home fall under a ‘protected person’ agreement?
  • Are you entitled to any benefits?
  • Will you have income to pay for ongoing expenses, including medical?


To find out more, please get in touch to book a consultation.

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