Aged Care Overview

Did you know ?

On entering an aged care facility your accommodation needs to be paid for by a lump sum Refundable Accommodation Deposit (RAD) ….

The price of the room or Refundable Accommodation Deposit (RAD) is determined by the facility and can range between $250,000 and $1 million … or more !, depending on the room size, whether it is shared or single ensuite and location.


By a daily accommodation payment (DAP) which is 5.76% x DAP. This means if you decide to pay a DAP (where a room had a RAD of $700,000) you would need to pay :

$700,000 x 5.76% = $40,320 pa or $110.46 p/day.

This NOT refundable.

There are combinations of the two.

Remember this is only for accommodation you now have to consider paying Care Fees (Basic Care Fee & perhaps a Means Tested Care & perhaps an extra care fee) and Fee on top of this !!
This can completely change how you thought your finances can cope with getting older !!

Aged Care has been described as a “Emotional & Financial Minefield”

What to do ?

We can help you.

We understand the complexities and can help you through them.

We provide help with each step along the way…

  • ACAT assessment
  • Liaising with the Aged Care facility
  • Paying of RAD’s DAP’s or a combination of both
  • Assessment of Income Tested Care fees
  • Dealing with Centrelink
  • Helping you with your assets and income.

Every family’s situation is different therefore we can help by :

  1. Calling us on the number below & discussing your family’s situation
  2. Filling in the appropriate questions on the questionnaire and we will call back & discuss how we can help.

Click the + button to reveal the answer, or – button to hide the answer.

Visit our YouTube Channel for more Video

Aged Care: The Process

We have always thought that planning your financial life consisted of :

  • Wealth accumulation
  • Wealth protection and
  • Retirement planning

We all envisaged the day when our accumulated funds meant a debt free residence, enough for regular holidays and perhaps help the kids & grandkids. Today another issue, often not considered, has derailed those retirement plans.

It is Aged Care & the related expenses.

Once provided by government, charities and churches, the Aged Care system is now commercially run and its costs are market linked and no different to any other services …

It is a huge shift for our aging population which needs to be planned for.

De-mystifying Aged Care

aged care western australia

We aim to empower the individual to achieve their life goals through innovative financial solutions

Suite 402, Level 4, 88 Foveaux St, Surry Hills NSW 2010
PO BOX 1899 Bondi Junction NSW 2022
Ph: (02) 9211 0111


307 Peel Street, Tamworth 2340
PO Box 319, Tamworth. 2340
Ph: (02) 5712 3939 M: 0428 665 161

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