Mum or Dad’s home, finances, care needs and family situation provide clues about the decisions ahead. Planning earlier helps you recognise how those decisions connect.
Explore the family examples below, then consider what may matter in your own situation.
These examples may not exactly match your parents, but they show how financial, housing and personal circumstances can produce very different pathways. Each story opens a pre-filled Later Life App profile so you can explore the rules and calculations behind the decisions.
Their profile already points to the first issues likely to matter: Support at Home contributions, RAD funding, and cash flow for the spouse at home.
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Why self-funded retirees might actually be better off paying privately for in-home help.
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How the aged care assets test protects the family home when one spouse remains, turning a potential RAD payment into a manageable daily contribution.
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A look at how a $360k savings pool and a vacant family home dramatically change the financial math compared to a couple.
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Why non-homeowners need a completely different strategy to manage cash flow and secure supported aged care status.
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Why freeing up capital from the family home requires running the numbers on Age Pension taper rates, Support at Home fees, and the Home Equity Access Scheme.
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Why the Home Equity Access Scheme is a low-cost, high-value tool for single homeowners who need a cash-flow boost today and a buffer for tomorrow.
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Navigating the unique financial balance of freeing up cash, keeping the Age Pension, and preparing for future Support at Home costs.
Open example profile in the App ↗The future cannot be predicted exactly. But a profile-based pathway gives adult children a practical place to begin, replacing headlines, disconnected government websites and generic information with a clearer view of what is likely to matter for Mum or Dad.
We can help you work out what is changing, what decisions may connect and where Later Life Advice may fit.
Call 1300 557 825