Push for Wealthier Seniors to Fund Their Aged Care

The Aged Care Taskforce suggested that the cost of the ballooning aged care sector should be self-funded by wealthier seniors.

An elderly couple walk through a park in Sydney, Australia on, April 30, 2017. AAP Image/Paul Miller

Superannuation, and not increased taxes, should be used to fund retirees’ aged care, a review has found.

The federal government established a taskforce last year to consider the options for funding the ballooning aged care sector, following a range of recommendations made by the Royal Commission into Aged Care Quality and Safety in 2021.