Blog posts
Basic Daily Care Fee: What Is It & How Is It Calculated?
There are a number of costs associated with residential aged care. One such cost is the Basic Daily Care fee. Understanding the current Basic Daily Care fee and how it is calculated allows you to help determine aged care affordability. What is the Aged Care...
Means Tested Care Fee For Aged Care: You Complete Guide
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...
Is It Better To Pay RAD or DAP for 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...
Daily Accommodation Payment (DAP) For Aged Care Explained
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...
Do I Have To Sell My Home for Aged Care? What Are the Rules?
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...
Refundable Accommodation Deposit Assets Test Explained
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...