The Highview Financial Planning team is committed to helping clients navigate the complexities of later-life care. In line with changes to aged care legislation that came into effect 1 November 2025, Financial Advisers Richard, Adrian, and Calvin attended a two day update session through Aged Care Steps to ensure they continue to provide up-to-date, practical guidance that included the recent changes in legislation.
“Aged care is an extremely complex environment,” says Calvin. “Using an accredited aged care adviser ensures clients and their families are aware of all available options and can make informed decisions during what is often an emotional time.”
The program centered around the legislative changes deepened the team’s understanding of key areas, including:
- Navigating aged care options – Home care, residential care, retirement living, and support programs.
- Managing costs – Understanding fees, exploring funding strategies, and balancing care needs with financial and estate goals.
- Centrelink guidance – Clarifying entitlements and how assets and income affect support options.
- Tailored advice – Strategies for singles, couples, low-means or high-net-wealth clients, and those experiencing financial hardship.
- Planning for the future – Supporting long-term financial security, cashflow, and lifestyle goals.
Reflecting on the course, Calvin explained that recent changes to residential home care and in-home care legislation have provided much-needed clarity around costs. “Navigating the system can still be challenging, especially during the emotional process of placing a loved one into care,” he said.
He also highlighted a common misconception around affordability. “There’s a big perception issue—families want the best possible care for their loved ones, but without quality advice, decisions are often made that aren’t ideal.”
Calvin’s key takeaway from the program is simple but important: many mistakes happen when decisions are rushed based on what people think they can afford, rather than understanding all options. “Seek advice as early as possible, and don’t agree to anything until you know all the possibilities,” he advises.
By keeping up with the latest legislative changes and building on this training, Highview’s Financial Planning team is perfectly placed to continue to help clients and their families make informed, confident decisions, making what can be a stressful time much easier to navigate.
Need help navigating aged care? We’re here to guide you. Reach out to the Financial Planning team:
E financialplanning@highview.com.au
T (03) 5990 1000
