Aged Care Fees and Charges
20 March 2021

Aged Care Fees and Charges

20th March 2021

Basic Daily Care Fee
(Standard Resident Contribution)
Income Free Area (single person)$28,049
Income Free Area (couple)$27,529
Residential Care Means Test
     Asset Free Threshold$51,000
     First Asset Threshold$173,075
     Second Asset Threshold$417,226
Family Home Exemption Cap$173,075
Cap on Means Tested Care Fee Payments
     Annual Cap$28,339
     Lifetime Cap$68,013
Maximum Permissible Interest Rate (MPIR)4.01 %
Minimum Permissible Asset Level - the minimum amount of assets a resident must be left with if they pay at least part of their accommodation costs by Refundable Accommodation Deposit (RAD)$51,000
Maximum Refundable Accommodation Deposit (RAD) - the maximum amount that can be charged for a room without prior approval from the Aged Care Pricing Commission$550,000

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Aged Care Fees and Charges - 20 March 2021

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