The PISA™ program provides a comprehensive range of financial solutions to all our Residential, Personal Injury and Disabled stakeholders.
The benefits of using PISA™ are:
- It is a convenient & flexible way to increase wealth with possible income streams in a tax effective manner; the service offers competitive fee options for clients and allows the client a choice of investment options.
- There are nil entry and exit fees and the service provides for the optimisation of residual estates. Additionally, there is a comprehensive list of investment options available for the consideration of the Aged Care Specialist Adviser™ and clients.
- The service also provides annual reports and half yearly statements including all contributions, fees and charges.
Many clients recognise this investment as a much better model in terms of fees and results than traditional trustee company management.
Optimise your Centrelink benefits
Centrelink apply two tests on your financial situation when you enter care, one is based on your assets and the other is based on your assessable income.
Many people lose their pension benefits when they enter care. Not only is this a drop in the dollars you receive, it is also a very large increase in the cost of your care under the means tested daily rate. And, for long term disabled clients, this magnifier effect over a long life expectancy, can be a massive detriment to financial stability.
Our strategic modeler examines your situation and calculates the optimal results for you.
Grow your capital through effective, careful planning
Many clients who lose their Centrelink benefits don’t earn enough to pay their daily care fees and end up eating into their capital. Those who look at the big picture and make appropriate investment choices can actually increase their wealth while in residential care.
Review and improve your tax situation
For those residents who sell their homes and or and have large financial settlements, there is a major problem of tax, both PAYE and PAYG. This can eat into the cashflow for the residents as well as the capital. Again, sensible planning can greatly improve, or even eliminate, the problem of tax. Many of our clients actually end up paying no tax and getting a refund.
Provide sound Estate Planning
Some situations are covered under your Will and some can be outside of these instructions. We make sure that wherever possible, we get the cross generational wealth transfer done as quickly as possible as well as eliminating Capital Gains Tax for the beneficiaries. When a sound financial plan is in place estate Planning needs to be reviewed on a regular basis and we do that for you.
We consider Wills, Advanced Care Directives, binding and non-binding powers of attorney, Special purpose disability trusts, along with various accommodation options for our disabled clients.
Bring order to your financial affairs and peace of mind to your family
Most new clients to living with care, have families who worry about making the right decision. We understand that and makes sure that all parties are informed of the options and the best possible recommendations are made.
Remove the risks of leaving behind a mess when you are gone. We bring order to your financial affairs when you enter care. What this means is peace of mind to family members, particularly those who worry about your financial position.
Minimise risk
You don’t have to sacrifice financial security just because you’re in residential care. With ACS’s assistance we can help you secure your financial position and help you grow your investments.