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Aged Care Accommodation

As an ageing population, the need to look after older citizens is becoming more prevalent. 

Government Assisted Aged Care Homes

There are certain questions to consider when looking at Government assisted aged care homes. 

  • What do you pay – Is it a basic daily fee, an income tested fee, or an accommodation payment?
  • How do you pay – a lump sum Refundable Accommodation Deposit (RAD), a Daily Accommodation Payment (DAP), or a combination of both?
  • Should you sell or rent the family home?

Private Retirement Accommodation

As well as Government subsidised aged care homes, there are many private retirement accommodation options. Private retirement accommodation is fully funded by the individual. 

To find out more about aged care, a great resource of information can be found here; MoneySmart.Gov.Au

General Advice Warning: Any advice provided on this site is of a general nature only, you should consider whether it is appropriate for your personal objectives, financial situation and needs prior to acting on this information.

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