Aged Care

Choosing where to live in retirement can be a big decision. Options may include: Own home Rental Granny flat Retirement village Land-lease retirement community Residential aged care Before deciding, consider the costs, security of your capital, access to care, government assistance and what happens to your money when you leave. When are the options available? Residential aged care is designed for people who need ongoing care and support and requires an assessment through My Aged

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Moving into residential aged care can be a big change, and one of the first things families often worry about is the cost of accommodation. Seeing a large lump sum attached to a room can feel overwhelming. This is where a Refundable Accommodation Deposit (RAD) comes in. A RAD is a lump sum paid towards your accommodation. Depending on your circumstances, you may instead choose to pay a Daily Accommodation Payment (DAP) or use a

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