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Residential Aged Care Calculation of your cost of care form (SA457) Use this form to give us your financial details. Dont use this form if you get a relevant income support payment. You must download our forms and fill them in so they are processed quickly.
What is the maximum aged care fee?
Annual and lifetime caps The cap amounts that apply to you are those that are current when you reach them, not those that were current when you entered care. The maximum amount of means tested care fees an aged care home can charge you as of 20 September 2024 is: $34,174.16 per year, or. $82,018.15 in a lifetime.
Is rad included in asset test?
The RAD is not considered a financial asset, so no income is deemed to be earned on this amount. Any amount paid as a RAD is also excluded from the age pension asset test and may affect their age pensions.
What is an income and assets form?
Use this form if youre claiming a payment and need to provide information about your income and assets. You must download our forms and fill them in so they are processed quickly. You can also electronically sign some of our forms.
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