Retirement Communities

Retirement Communities just like the people who live there come in all different shapes and sizes and appeal to a range of different lifestyles — for the fit and active retiree to those who are seeking an alternative to residential aged care, and everything in between. They also encompass a range of different legal and financial arrangements from one to another and even within the same village.

This facilitator lead, case study based workshop examines the varying rules and regulations of retirement communities, the legal considerations and the financial impacts including pension entitlements and rent assistance as well as the cost and ability to access care now and in the future.

The workshop is delivered online via Microsoft Teams, with class discussions and case studies. A workshop booklet and all necessary technical material will be provided. There will be an assessment after the workshop. CPD hrs available.

This workshop has the following intended learning outcomes:

✅  CAPABILITY:
Understand and analyse relevant strategies within a financial advisory framework and the retirement community sector.

✅  PROFESSIONAL CONDUCT:
Locate and evaluate relevant client information to determine the best solution for the client moving into a retirement Community.

✅  CRITICAL THINKING:
Apply critical thinking, technical and professional skills necessary to operate effectively in financial planning and related professions.

✅  REFLECTIVE PRACTICE SKILLS:
Convey information and provide guidance clearly and fluently to clients.

✅  INTERDEPENDENCE:
Promote ethical, social responsibility and best practice solutions for clients.

Upon successful completion of retirement villages and land lease community workshop, participants should be able to:

• Identify and explain similarities and differences between a retirement village and land lease communities; including the ownership and structure of the arrangement,
• Understand the varying rules and regulations in this industry,
• Explain, calculate and communicate the fees and charges applicable to: moving to, living in and leaving a retirement village or land lease community,
• Determine homeowner status, pension assessment and eligibility for rent assistance,
• Calculate pension entitlement and rent assistance for varying case studies,
• Examine and discuss alternative financial arrangements:
  • Affordable Housing
  • Offsetting the Exit Fee
  • Equity Release
• Discuss and analyse the financial and legal issues including tax.
• Deliver a valuable advice service to people considering a retirement village and/or a land lease community.