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Australia’s aged care system has entered a period of major transformation, with the commencement of the Aged Care Act 2024 and the introduction of the Support at Home program. These reforms represent a structural reset designed to improve rights, transparency, safety, and the overall quality of services available to older Australians. Families, retirees, and those planning for later life will notice significant changes in how care is delivered and how decisions about care are made. The reforms also carry important financial and planning implications, including adjustments to budgeting, retirement modelling, and estate preparation.
Uni of Canberra's SPICE at Home trial has now commenced and is actively recruiting participants. This innovative co-designed program offers a free 8-session dementia rehabilitation intervention, designed to support people living with dementia who may be unable, or not ready, to access other dementia programs. This could include people who do not have a care partner to support attendance outside the home.
As the festive season approaches, I am thinking about menus, wrapping gifts, and whether the prawns will run out before lunch. But my mind also wanders to something a little less sparkly: Wills, death and taxes. Strange? Maybe. But hear me out…
At the recent Australian Financial Review Super & Wealth Summit, industry leaders, regulators, and financial experts came together to discuss what lies ahead for retirement savings and wealth management. The key themes were clear: new taxes on large balances, longevity risk, and the great generational wealth transfer.
Regret risk is not about reckless spending; it is about intentional enjoyment of the resources you have worked hard to build. Many clients fear consuming capital because they see their superannuation as a tank that must never run dry.
The Reserve Bank has a tough job ahead. There is no chance of an interest rate cut at the December meeting, and a rate hike is now on the table if inflation continues to accelerate. If this trend holds, rate reductions could be pushed back until 2026. That means mortgage holders and household budgets will continue to feel the squeeze.
On 1 November: the start of the new Aged Care Act and its sweeping fee reforms. The team at Phillips Wealth Partners takes you through the framework and fees.
Last weekend, I had the privilege of taking part in the 25th Hartley Cycle Challenge, an event that’s so much more than a ride—it’s a testament to resilience, teamwork, and community spirit.
The RBA’s stance suggests stability, not relief. With inflation lingering and rate cuts unlikely, proactive financial planning is essential.
The Better Targeted Superannuation Concessions Tax (BTSC Tax), commonly referred to as Division 296, is a new tax proposed by the Labor government. Updated details were released on 13 October 2025.
There’s no plans to look at anything other than the tax policies that we have on the agenda at the minute,” Mulino said, reaffirming the government’s focus on superannuation tax concessions.
Financial advisers play a crucial role in supporting the sandwich generation. From budgeting and cash flow management to estate planning and aged care navigation, advisers can help families make informed decisions
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