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ACFA Report on How Consumers Plan and Finance Aged Care
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Publication date:
Last updated:
Publication type:
Report
Audience:
General public
Language:
English
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