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Aged Care Placement Services
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Our Placement Coordinators will:

* Assist you to select the most suitable home

* Arrange tours of homes in your preferred times

* Negotiate the accommodation bond and extra service fees.
We receive valuable feedback about aged care homes from families that we have helped. We combine that with current vacancies, and your family requirements, so that we are able to find you the best solution, in the shortest time frame.

Making sure that the transition from home to aged care is a positive experience.
reviewed
12 July 2010


Income Tested Fee - Estimation

Valid from 20th March 2010

There are two daily fees you may be required to pay if you move into high or low residential aged care facilities.

These are (1) basic daily fee (85% of full pension) and (2) income-tested fee.

These care fees are your contribution to your daily living costs (meals, laundry and cleaning, personal and nursing care).

The amount you pay for the income tested fee will depend on your income. Those with an income above the maximum possible income of a full pensioner will pay the resident contribution (basic daily fee) and also an income-tested fee.

Note: Accommodation payments may also be payable if you have assets over $37,500.
Financial
Assets
*1
Deemed
Income
*2 *3
Estimated Age Pension
Allowed
Income
Tested
Income
Income
Tested
Fee
Yearly
Income
Tested
Fee
Daily
 
$96,044 $3,692 $18,229 $21,125 $796 $0 $0.00
$99,600 $3,852 $18,149 $21,125 $876 $365 $1.00
$200,000 $8,370 $15,890 $21,125 $3135 $1,306 $3.58
$300,000 homeowner $12,870 $13,471 $21,125 $5,216 $2,173 $5.95
$300,000 non homeowner $12,870 $13,640 $21,125 $5,385 $2,244 $6.15
$500,000 home owner $21,870 $5,671 $21,125 $6,416 $2,674 $7.32
$500,000 non home owner $21,870 $9,140 $21,125 $9,885 $4,119 $11.29
$750,000 $33,120 $952 $21,125 $12,947 $5,395 $14.78
$1,000,000 $44,370 $0 $21,125 $23,245 $9,686 $26.54
$1,692,422 $75,529 $0 $21,125 $54,404 $22,670 $62.11

Notes:

*1 Financial assets such as bank accounts, managed funds, loans, bonds, debentures, shares and gifts over $10,000 in any one year are deemed.

Excluded from financial assets are accommodation bonds, your family home, contents, holiday home, investment property, car, boat, caravan, pre-paid funerals, and gifts up to $10,000 per year.

*2 The first $42,000 of financial assets are deemed to earn 3% and everything above $42,000 is deemed to earn 4.5% (first $70,000 for couples).

*3 If other income is received such as superannuation, overseas pensions, allocated pensions, rental income *5, and certain types of annuities - this income will need to be added in order to calculate the income tested fee.

*4 Includes means tested pensions such as the Centrelink age pension and DVA service pensions.

This income tested fee information should be used as a guide only and we recommend that you discuss your individual situation with a qualified aged care financial advisor.






 
Contact our Placement Team
Aged Care Placement Hotline : 1300 884 850
Please no CV's or Resumes - We only do one thing - find placement for elderly loved ones
placements@agedcareconnect.com.au
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Aged Care Connect Pty Ltd - (ABN 36 102 500 907)