You will have to consider the financial implications of moving into aged care and what you need to pay - we suggest you speak with an independent financial specialist, who specialises in aged care, who can advise you.
Below we have listed the various fees and payments that you may be required to pay.
Refer to Aged Care Fees Demystified for a more detailed explanation. If you wish to find out further information, you can refer to the My Aged Care website below.
Website: www.myagedcare.gov.au/aged-care-home-costs-and-fees#what-fees-might-i-have-to-pay
This means that the amount on your statement will be automatically withdrawn from your bank account or credit card around the 15th day of the month.
This is available for pensioners or DVA Care Recipients who choose to have the pension paid into the Care Recipient trust account. A statement will be issued each month with the balance.
