In this episode of Super Insider, we sit down with Justin Bott from Services Australia, to break down the real costs of entering aged care, how superannuation plays a role, and the myths that stop people from planning ahead. Whether you’re approaching retirement, supporting ageing parents, or simply planning for the future, this episode is packed with practical insights and expert advice.

Tune in to learn:

01:23 – What is aged care & who actually pays?

07:41 – The 3 main types of aged care fees explained

13:34 – RAD vs DAP: Lump sum vs daily payment

15:12 – Means-tested fees & government caps

19:51 – Luxury aged care & extra service fees

21:52 – Do I need to sell my home for aged care?

23:39 – How the rules differ for couples vs singles

27:03 – How superannuation fits into aged care

29:20 – Busting the biggest aged care myths

33:16 – Where to get trusted, expert help

🎧 Subscribe now for more simple, practical tips to make the most of your retirement with Super Insider

Want to speak to someone?

My Aged Care: 1800 200 422

Aged Care Specialist Officer (Services Australia): 1800 227 475

Or visit www.myagedcare.gov.au to explore your options.

SUBSCRIBE FOR MORE VIDEOS

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LINKS MENTIONED IN EPISODE

About Services Australia

https://www.servicesaustralia.gov.au/

My Aged Care

www.myagedcare.gov.au

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CREDITS

Kane Everingham, Australian Retirement Trust, Education Team Leader

Justin Bott, Services Australia, Community Information Officer

The opinions and comments shared by people in this podcast are theirs alone, and they’re not necessarily shared by the Trustee. It uses information that’s accurate at the time of publishing.

This is general information only. It’s not based on your personal objectives, financial situation or needs. So, think about those things and read the relevant Product Disclosure Statement and Target Market Determination at art.com.au/pds before you make any decision about our products. And if you’re still not sure, talk with a financial adviser.

We issue this information and all Australian Retirement Trust products. When we say ‘we’, ‘us’, or ‘the Trustee’, we mean Australian Retirement Trust Pty Ltd (ABN 88 010 720 840, AFSL 228975), trustee of Australian Retirement Trust (ABN 60 905 115 063). Any advice given is by representatives of ART Financial Advice Pty Ltd (ABN 50 087 154 818, AFSL 227867), wholly owned by the Trustee. As representatives, they may recommend ART products from time to time. So read the relevant Financial Service Guide at art.com.au/fsg to tell you about that advice and how they’re paid.

Any information given by the guest speakers is provided as general information only and not financial advice.