| Basic Daily Care Fee (Standard Resident Contribution) | $63.57 |
| Income Free Area - Residential Care | |
| Single person | $33,735 |
| Couple, illness separated (single rate) | $33,059 |
| Residential Care Means Test | |
| Asset Free Threshold | $61,500 |
| First Asset Threshold | $206,039 |
| Second Asset Threshold | $495,117 |
| Family Home Exemption Cap | $206,039 |
| Cap on Means Tested Care Fee Payments | |
| Annual Cap | $34,174 |
| Lifetime Cap | $82,018 |
| Maximum Permissible Interest Rate - from 1/10/24 | 8.38% |
| Minimum Permissible Asset Level - the minimum amount of assets a resident must be left with if they pay at least part of their accommodation costs by Refundable Accommodation Deposit (RAD) | $61,500 |
| Maximum Refundable Accommodation Deposit - the maximum amount that can be charged for a room without prior approval from the Aged Care Pricing Commission | $550,000 |
From 20 September 2024, the following aged care fees have become effective:
The Basic Daily Care Fee increased to $63.57 pd (from $61.96 pd).
The Fully-Supported Asset Threshold increased to $61,500 (from $59,500).
The Non-Supported Asset Threshold increased to $206,039 (from $201,231).
The maximum Daily Accommodation Contribution (DAC) for refurbished / non-refurbished rooms is $69.49 pd / $45.31 pd respectively.
The effective Refundable Accommodation Contribution (RAC) for a refurbished facility, above the 40% fully supported ratio, will be $303,395 which will put pressure on persons looking for a fully supported placement, given that the average RAD is now higher than this amount.
The Maximum Permissible Interest Rate (MPIR) has changed to 8.38%pa from 1 October 2024.
The Basic Daily Care Fee and some aged care thresholds are indexed to the Age Pension. On the 20 September 2024, the single age pension increased to $1,144.40 fn. This is based upon increases in the cost of living reflected in the Pensioner & Beneficiary Living Cost Index (PBLCI).
Learn about RAD, DAP & MPIR ...