Planning for the cost of later-life care

An adviser blueprint to navigate the changing aged care system in Australia. Produced in partnership with Ensombl.

2 minutes
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The Aged Care Act 2024 represents a significant shift in Australia’s aged care system, with important implications for retirement planning.

Aged care is no longer a late-stage decision. It’s an increasingly material cost that should be factored into the broader retirement journey. This change requires financial advisers to bring aged care into earlier retirement discussions, helping clients understand how care needs, costs and funding strategies evolve over time alongside lifestyle spending.

For advisers, the reforms elevate the importance of proactive planning, cash flow management and strategic decision-making around income, assets and liquidity. Greater complexity also means more frequent client conversations, deeper scenario modelling and closer alignment between retirement, aged care and estate planning.

This whitepaper cuts through the complexity, clearly outlining the evolving aged care landscape and cost structures. It equips advisers with the insights needed to confidently integrate aged care into retirement strategies and support more informed client decisions. 

Inside, you'll discover:

  • Adviser challenges and opportunities
  • Budgeting for the cost of care: what will clients pay?
  • Pricing advice: fee considerations
  • New pathways and solutions to the current challenges

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