Cover pages ACFA report on how consumers plan and finance aged care

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ACFA Report on How Consumers Plan and Finance Aged Care

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Publication date: 
November 2018
Publication type: 
Report
Intended audience: 
General public
Description: 

ACFA found that: 

  • people are not planning enough for their aged care 
  • current retirement tools do not include aged care costs 
  • people are not aware of the range of aged care services available and their costs 

To better support people making financial decisions about their aged care, ACFA recommended changes to: 

  • include aged care in retirement planning information 
  • increase understanding of the cost of aged care and the choices people can make 
  • ensure advisors know how to help people with planning their aged care