Fast Facts
Updated September 2023
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- Residential aged care – Entry from 1 July 2014
Daily means-tested amount
(Income-tested amount + asset-tested amount) / 364
Income-tested amount
Single
(Annual assessable income – $32,331) x 50%
Couples (each)
(Annual assessable income – $31,707) x 50%
Asset-tested amount
17.5% of assets between $58,500 and $197,735.20
1% of assets between $197,735.20 and $476,205.60
2% of assets above $476,205.60
Accommodation payments
Ongoing care fees
| Home cap [21] | $197,735.2 |
| Maximum accommodation supplement | $66.94 |
| Minimum assets after paying Refundable Accommodation Deposit | $58,500.00 |
| Interest charge on outstanding Refundable Accommodation Deposit | |
|---|---|
| – 1 October 2023 to 31 December 2023 | 8.15% |
| – 1 July 2023 to 30 September 2023 | 7.90% |
| Basic daily care fee | $60.86 |
| Daily means-tested care fee [22] (Daily means-tested amount – maximum accommodation supplement) | |
|---|---|
| Annual cap | $32,718.57 |
| Lifetime cap | $78,524.69 |
[21] Applies separately to both members of a couple.
[22] Cannot exceed the recipient’s cost of care.
- Home care – Received from 1 July 2014
Basic daily fee
| Package level 1 | $11.22 |
| Package level 2 | $11.87 |
| Package level 3 | $12.20 |
| Package level 4 | $12.53 |
Income-tested care fee [23]
| Assessable income (single) p.a. | Annual income-tested care fee |
|---|---|
| Less than or equal to $32,331.00 | Nil |
| Between $32,331.00 and $62,332.40 | (Annual assessable income – $32,331.00) x 50% up to maximum of $6,543.66 |
| Greater than or equal to $62,332.40 | $6,543.66 + (Annual assessable income – $62,332.40) x 50% up to maximum of $13,087.39 |
| Assessable income (couple living together) p.a. each | Annual income-tested care fee |
| Less than or equal to $25,053.60 | Nil |
| Between $25,053.60 and $47,668.40 | (Annual assessable income – $25,053.60) x 50% up to maximum of $6,543.66 |
| Greater than or equal to $47,668.40 | $6,543.66 + (Annual assessable income – $47,668.40) x 50% up to maximum of $13,087.39 |
| Assessable income (couple illness separated) p.a. each | Annual income-tested care fee |
| Less than or equal to $31,707.00 | Nil |
| Between $31,707.00 and $61,708.40 | (Annual assessable income – $31,707.00) x 50% up to maximum of $6,543.66 |
| Greater than or equal to $61,708.40 | $6,543.66 + (Annual assessable income – $61,708.40) x 50% up to maximum of $13,087.39 |
| Lifetime cap | $78,524.69 |
