by shanecv | Feb 14, 2024 | Aged Care, Aged Care Costs
The way you structure your income and assets can greatly impact your aged care Means-Tested Care fee. But what is the Means-Tested Care fee and how does it work? What is the Aged Care Means-Tested Care Fee? The aged care Means-Tested Care fee is a fee payable by aged...
by shanecv | Jan 31, 2024 | Aged Care
Upon moving into residential aged care, you have the option of paying a Daily Accommodation Payment (DAP), a lump sum towards the Refundable Accommodation Deposit (RAD), or a combination of the two. But what’s the best option? Is it better to pay a RAD or a DAP? To...
by shanecv | Jan 31, 2024 | Aged Care
Getting your head around aged care fees can be difficult. One of the most important fees to understand is the Daily Accommodation Payment (DAP) and how you should manage it. What is a Daily Accommodation Payment (DAP)? A Daily Accommodation Payment is a contribution...
by shanecv | Dec 22, 2023 | Aged Care
There seems to be a lot of confusion about whether or not you have to sell your home when moving into aged care. So, what are the rules? Let’s set the record straight once and for all. Do I Have to Sell My Home for Aged Care? There is no requirement to sell your home...
by shanecv | Dec 22, 2023 | Aged Care
Understanding how the Refundable Accommodation Deposit asset test is applied not only helps you calculate how much you should pay towards the RAD, but also allows you to implement aged care financial planning strategies to minimise aged care fees and maximise Age...
by shanecv | Dec 13, 2023 | Aged Care
When choosing an aged care facility for a parent or loved-one, it’s important to know the Refundable Accommodation Deposit (RAD) in order to determine affordability. Each aged care facility has its own Refundable Accommodation Deposit (RAD) amount. But what is it? How...
