LAKE CATHIE NSW
RACS PTY LTD
Lake Cathie Manor Aged Care - 1379 Ocean DRIVE LAKE CATHIE NSW 2445
1379 Ocean DRIVE LAKE CATHIE NSW 2445
Beds: 138
Category: Private Incorporated Body
Provider: RACS PTY LTD
Do you need to find respite or permanent placement at Lake Cathie Manor Aged Care or another aged care home in the LAKE CATHIE area?
We have helped many families through this difficult time and have detailed knowledge and experience to help you with this important decision about Lake Cathie Manor Aged Care.
Don't be too hasty and make easy mistakes. Access our knowledge and experience prior to making a decision which will have a major impact on your elderly loved one.
The Maximum Permissible Interest Rate (MPIR) increased to 8.42% effective from January 1st 2025.
As facilities proceed to increase RAD’s, the lesser profitability of a concessional resident will result in a clear preference for RAD paying residents.
The effective Refundable Accommodation Contribution (RAC) on a refurbished aged care home, above the 40% concessional ratio, will be $302,671 from 1st January 2025, which will put pressure on those looking to find a concessional placement given average RAD’s are now much higher than this amount.
More about RAD, DAP & MPIR ...
First select the RAD Amount that has been agreed to:
Agreed RAD: $
Use the slider to see how your daily accommodation payment (DAP) will change depending on the lump sum component of the RAD paid. The daily payment is based on the current maximum permissible interest rate (MPIR) of 8.42%.
% |
Lump Sum Paid: $
DAP :$20.20 pd
Interest rate (MPIR) is: 8.42%pa
(from 1/01/2025)