Accommodation Fees of the Aged Care - Signature Care

Overview of Costs

Please note, residents with minimal assets and income (as assessed by the Government to receive full or partial support) will not be subject to RAD/DAP costs. Fully Supported residents will pay only a Basic Daily Fee (which is calculated at 85% of the basic single Age Pension) whereas Partially Supported residents will be required to pay an additional Contribution as determined by the Government.

With the exception of Accommodation Fees/Deposits (which are negotiated with Signature Care directly), all other fees and charges are mandated by the Australian Government (i.e. Department of Health, Department of Veterans Affairs, etc).

Whilst our dedicated Admissions Team can discuss fees and charges in more detail during your tour or upon application, a summary of the fees which you may be asked to pay in a Signature Care home are as follows:

A basic daily fee. This covers living costs such as meals, power and laundry. For some people (concessional/fully supported residents), this is the only fee they are required to pay. The maximum basic daily fee is 85% of the single basic Aged Pension daily payment.
A means-tested care fee. This is an additional contribution towards the cost of care that some people may be required to pay. The Department of Human Services will work out if you are required to pay this fee based on an assessment of your income and assets, and will advise you of the amount.
An accommodation payment. This is for your accommodation in the home. Some people will have their accommodation costs met in full or part by the Australian Government, while others will need to pay the accommodation price agreed with Signature Care. The Department of Human Services (Centrelink) will advise which applies to you based on an assessment of your income and assets.

	Basic Daily Fee	Means Tested Fee²	Accommodation Cost
Fully Supported Resident	Yes	No	No
Partially Supported Resident	Yes	No	Based on Assets and Income³
Non-Supported Resident	Yes	Based on Assets & Income³	Yes

You can use our Price Calculator to help you estimate the fees and charges you may have to pay towards your residential aged care.

[1] This information has been adapted from the Department of Social Services “Five steps to entry into an aged care home”:

[2] There are annual and lifetime caps in place to limit the amount of the means-tested care fee you will need to pay.

[3] Amount will be determined by the Government.

Room Configuration and Pricing

Refundable Accommodation Deposits (RADs) range from $395k - $695k.

Select Room Type:

Room	Room Size (m2)	Accommodation Pricing Options	Details
Classic Room Platinum	17-22	RAD $395,000 DAP $90.25 per day Combination RAD/DAP. For example: 50% RAD $197,500 and 50% DAP $45.13 Fully or partially Government supported accommodation (for no or minimal assets/income per Centrelink)	A delightful single room (17-22m² + ensuite & patio/balcony) with the following features: external access to a patio or balcony; in-built robes; smart 50” wall-mounted TV; private tiled ensuite; fully electric Floorline King Single bed with hand & foot (5 function) controller including Trendelenburg functions with a pressure relieving mattress; over-bed lifting system if required; air-conditioning with individual room temperature control; private telephone availability (extra cost).

Accommodation Fees / Deposits: Pricing Options (Only one will apply):

Option 1	Option 2	Option 3	Option 4
Option 1		Refundable Accommodation Deposit (“RAD”)	A RAD is a one-off lump sum payment to Signature Care. The full RAD amount is refunded upon departure of the home, less any amounts you have agreed to be deducted (if applicable) and is 100% guaranteed by the Australian Government.
Option 2		Daily Accommodation Payment (“DAP”)	A DAP is a daily payment of interest on the room price which is billed monthly (i.e. a rental-type payment). Unlike the RAD, the DAP is not refundable upon departure of the home. The DAP pricing is based on the Government set interest rate at the time of entry. This is known as the Maximum Permissible Interest Rate (MPIR). This amount may vary from time to time but will be fixed at the rate of permanent entry, for the duration of the resident’s stay, based on any unpaid component of the Refundable Accommodation Deposit. As of 1st Apr 2024, the MPIR is 8.34%. To calculate the equivalent DAP, multiply the RAD by the MPIR and divide by 365 for the daily rate.
Option 3		Combination of RAD and DAP	The accommodation cost is paid by a combination of RAD and DAP where you choose a partial RAD amount and this will then adjust the amount you pay via the daily charge. For a combination RAD/DAP payment, multiply the remainder of the RAD by the MPIR and divide by 365.
Option 4		Fully or Partially Government Supported Accommodation	Signature Care offer fully supported rooms where no accommodation contribution is required, or partially supported rooms, where only a very small accommodation contribution is required. To check if you are eligible, please complete an Income and Assets Assessment Form from the Department of Human Services (www.humanservices.gov.au) and submit to Centrelink.
Refundable Accommodation Deposit (“RAD”)	Daily Accommodation Payment (“DAP”)	Combination of RAD and DAP	Fully or Partially Government Supported Accommodation
A RAD is a one-off lump sum payment to Signature Care. The full RAD amount is refunded upon departure of the home, less any amounts you have agreed to be deducted (if applicable) and is 100% guaranteed by the Australian Government.	A DAP is a daily payment of interest on the room price which is billed monthly (i.e. a rental-type payment). Unlike the RAD, the DAP is not refundable upon departure of the home. The DAP pricing is based on the Government set interest rate at the time of entry. This is known as the Maximum Permissible Interest Rate (MPIR). This amount may vary from time to time but will be fixed at the rate of permanent entry, for the duration of the resident’s stay, based on any unpaid component of the Refundable Accommodation Deposit. As of 1st Apr 2024, the MPIR is 8.34%. To calculate the equivalent DAP, multiply the RAD by the MPIR and divide by 365 for the daily rate.	The accommodation cost is paid by a combination of RAD and DAP where you choose a partial RAD amount and this will then adjust the amount you pay via the daily charge. For a combination RAD/DAP payment, multiply the remainder of the RAD by the MPIR and divide by 365.	Signature Care offer fully supported rooms where no accommodation contribution is required, or partially supported rooms, where only a very small accommodation contribution is required. To check if you are eligible, please complete an Income and Assets Assessment Form from the Department of Human Services (www.humanservices.gov.au) and submit to Centrelink.

Daily Fees:

In addition to the Accommodation Fees/Deposits, the following daily fees may apply:

BASIC DAILY FEE: This is set by Government (indexed each March and September) and is applicable to ALL residents. It is currently set at $61.96.
MEANS TESTED CARE FEE: A Government fee that MAY apply depending on your income and assets.
ADDITIONAL SERVICES: A fee that may be applicable if residents elect to take up packages/services designed to add a little additional luxury.

What Can I Afford & Price Calculator

STEP ONE

Select your state, preferred home and room type. Visit our homes for further information on the different room types for each home.

FIND YOUR ROOM

SECOND STEP

Your selection

Home:

Room Type:

RAD $0.00

Calculate your room price by entering your deposit

RAD $*

My Deposit $*

THIRD STEP

Based on your deposit amount, your DAP will be:

DAP $0.00

Current MPIR = 8.34%
DAP = RAD x MPIR / 365

My deposit
$0.00

FOURTH STEP Download your results:

Please note that the above rates are an estimate only and are subject to change by the Federal Government due to indexation and other factors. We encourage you to contact our Admissions team on 1300 1300 13 to check the accuracy of these rates and to enable a personalised conversation around your individual circumstances and availability. We strongly recommend that you obtain independent advice from an aged care financial planner with the knowledge and experience to help you make a decision that is in your and your family’s best interests. You may also find the links on our “Useful Links” tab helpful for further information.

Entry & Fees

Understanding Entry into Aged Care

Overview of Entry

Overview of Costs

Room Configuration and Pricing

Accommodation Fees / Deposits: Pricing Options (Only one will apply):

Daily Fees:

What Can I Afford & Price Calculator