New Aged Care rules took effect on 1 November 2025, impacting both Residential Aged Care and Support at Home services.
The reforms have a substantial impact on financial advice, as they include significant changes to fees and charges influencing advice recommendations.
Key topics include:
- Residential Aged Care Fees - New ongoing fees and accommodation payment rules
- Grandfathering - When will the pre or post 1 November 2025 rules apply?
- High net worth clients - When are maximum fees payable? Do they need to disclose their income and assets?
- Low means residents - What will they pay under the new rules?
- Advice recommendations - How will the new rules impact advice? Is it still worth paying a RAD?
- Support at Home - How do the new percentage based contribution fees operate?
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Information on this webpage is provided by Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 and Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468. It may include general advice but does not consider anyone’s individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at www.cfs.com.au/tmd, which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statements (PDSs), Investor Directed Portfolio Service Guides (IDPS Guides) and Financial Services Guides (FSGs) before making any recommendations to a client. The PDSs, IDPS Guides and FSGs can be obtained from www.cfs.com.au or by calling us on 13 18 36. Past performance or awards are no indication of future performance.