When considering residential aged care, it is important to be aware of the costs involved for the care and accommodation. Similar to assessing the eligibility for Age Pension, aged care fees are also means tested based on the level of assessable assets and income.

Depending on an individual's personal situation, there may be ways to increase their Age Pension entitlement and reduce their aged care fees. It’s important to remember that everyone’s situation is different and strategies that work for some, may not work for others.