From 1 November 2025, Australia’s aged care reforms will bring higher costs, new means-testing rules, and rising accommodation rates—impacting not just the wealthy, but full and part-pensioners too. Early, strategic advice is now essential. Advisers can clarify changes, structure assets, manage cashflow, and provide peace of mind for clients and their families. Proactive planning today can prevent confusion, stress, and unnecessary costs tomorrow.

The government’s new tax on super balances over $3 million, effective from 1 July 2025, raises concerns for SMSF members. With no indexation and assessments starting from March 2027, strategies must be reviewed now. Consolidating funds, managing balances, and understanding transfer risks—like the “widow’s tax”—are key. SMSFs remain attractive, but members must act early to reduce the impact and maintain tax efficiency.

Question from Lisa in South Australia: "Should my financial adviser have been cashing out shares in my super portfolio this year, prior...