If the time has come to consider a move into residential aged care, you and your family are likely to be faced with significant financial decisions. If you have a self-managed super fund (SMSF), there can be an extra layer of complexity. The good news is that planning ahead and financial advice can provide choices…
If you’re starting to explore residential aged care for yourself or someone you love, you’ve probably noticed that accommodation costs can seem quite daunting. In fact, the average room price in Australia is now around $570,000, with significant increases over the past 18 months. The good news is that you may not need to find…
Ageing comes with wisdom, experience and a lifetime of stories, but it can also bring new challenges. Tasks that once felt effortless may now require support, and while many people assume the only option is moving into residential care, that isn’t the case. You can often receive the help you need while continuing to live…
Sweeping reforms to aged care are set to begin on 1 November to help improve the quality, transparency and flexibility of care. With more care levels, clearer pricing, and greater control over how your funding is used, the new system aims to better match services to individual needs. Providers will be required to offer detailed cost…
From 1 November 2025, a new program called Support at Home will replace the current Home Care Package system, bringing significant changes. On the positive side, there will be more packages available, which should reduce waiting times. But there will also be changes to the contributions (fees) you pay – and for some people, this…
It’s been confirmed – the aged care reforms originally set to begin on 1 July 2025 have been deferred by four months and will now commence on 1 November 2025. It became clear that extra time was needed to allow the whole sector to be better prepared and get ready for the significant changes ahead….
Big changes are on the way for aged care, with new rules starting from 1 July 2025. While these changes aim to create a more sustainable and fairer system, they do bring added complexity — especially when it comes to understanding the fees and making the right financial decisions. Here are the five key things…
The number of Australians aged over 65 is expected to more than double in the next 40 years while the number of people aged over 85 is predicted to triple in that time.i Aged care funding and services have seen major changes in the years since the 2021 report of the Royal Commission into Aged…
Moving into residential aged care is a big step, and one of the most important financial decisions you’ll need to make is how to pay for your room. The legislative rules provide clear guidelines on your payment options and the timeframe in which you must decide. With so much happening when you make the move,…
It might help to take an approach that is similar to the approach you would take if you were buying or renting any property, and break down your decisions into four steps: Choosing the location When choosing where to live, location is always the first consideration. This might be based on the lifestyle you want…