Importantly, reforms to aged care fees effective from 1 November 2025 have introduced changes to how daily care costs and means-tested fees are calculated, making it more important than ever to seek professional advice.
At Wealth Plus Solutions, we provide specialist aged care financial advice in Western Australia, helping you and your family make informed, confident decisions at every stage of the journey.
Whether you are planning ahead or facing an immediate need for care, having the right advice can make a significant difference to your financial position, your entitlements, and your peace of mind.
Why the Right Aged Care Advice Matters
Australia’s aged care system is highly regulated and continues to evolve. With the introduction of updated fee structures from 1 November 2025, understanding your obligations and entitlements has become more complex.
Without proper advice, families may:
- pay more than necessary for care
- miss out on valuable government support
- make rushed or costly financial decisions
- unintentionally impact Age Pension entitlements
- misunderstand how new fee structures apply to them
- experience unnecessary stress during an already emotional time
Receiving the right advice early can help you understand your options, protect your assets and make decisions that are financially sound and aligned with your family’s needs.
Key Areas of Aged Care Financial Advice
Government Subsidies and Support
Understanding the government assistance available to you is a critical part of aged care planning.
There are a range of government-funded programs that may help reduce the cost of care, including Home Care Packages for support at home and residential aged care subsidies based on means testing.
With recent reforms, eligibility assessments and funding calculations have become more closely aligned with updated income and asset testing rules, making accurate advice essential.
We help you understand your eligibility, navigate the application process and structure your financial affairs to maximise the support available to you.
Accommodation Payment Options – RAD and DAP
When moving into residential aged care, one of the most important financial decisions is how to pay for accommodation.
Options may include:
- a Refundable Accommodation Deposit (RAD) as a lump sum
- a Daily Accommodation Payment (DAP) as an ongoing payment
- a combination of both
Each option can have different implications for your cash flow, investment strategy, estate planning and Centrelink position—particularly under the updated aged care framework introduced in late 2025.
We guide you through these choices and help determine the most appropriate strategy for your personal circumstances.
Cash Flow and Fee Management
Aged care involves a number of ongoing costs, including:
- basic daily fees
- means-tested care fees
- additional service fees
From 1 November 2025, changes to daily care fee structures and means-tested contributions have increased the importance of understanding how fees are calculated and capped. These updates may affect:
- how much you pay on a daily basis
- how income and assets are assessed
- lifetime and annual fee caps
- interactions with your Age Pension
Understanding these changes is critical to avoiding unnecessary costs.
We assist with:
- detailed cash flow modelling and projections
- managing ongoing affordability
- structuring assets to improve outcomes
- understanding the impact of the new fee rules on your financial position
Personalised Financial Strategies
No two aged care situations are the same. Every family has different financial circumstances, care needs and personal priorities.
We provide tailored advice based on your financial position, family structure, health circumstances and lifestyle preferences. This may include guidance on:
- whether to keep or sell the family home
- using savings or investments to fund care
- structuring assets efficiently under the updated rules
- navigating Centrelink requirements and reporting
- adapting strategies in response to the 2025 aged care reforms
Our goal is to help you make informed decisions that balance care needs, financial security and long-term outcomes.
Supporting You Every Step of the Way
At Wealth Plus Solutions, we understand that aged care decisions are not just financial—they are deeply personal.
We work closely with you and your family to:
- simplify complex decisions
- provide clear, practical guidance
- reduce stress and uncertainty
- stay up to date with ongoing legislative and fee changes
- coordinate with your accountant, solicitor and care providers where required
Peace of Mind When It Matters Most
With the right aged care advice, you can move forward with confidence knowing that:
- you are making informed financial decisions
- you are maximising available government support
- you understand how the latest fee changes impact you
- your cash flow and assets are structured effectively
- your family is supported throughout the process
Start the Conversation Today
Aged care decisions are too important to navigate alone—especially in a changing regulatory environment.
Whether you are planning ahead or need immediate guidance, early advice can make a meaningful difference to your financial outcomes and peace of mind.
