Pensioner allowable limit for Accommodation bonds Residents who initially entered care to 20 $190,500 March 2008 and agree to roll over a bond of more than 9 times the annual single age pension. Minimum Assets Amount A resident must be left with this amount when $47,500 calculating the maximum accommodation bond. Cut-off Level for supported resident status $47,500 for partially supported 3 resident status $122,650.40 for payment of accommodation supplement for residents in services that are significantly $162,815.20 refurbished or built Interest Rates Maximum Permissible Interest Rate Per Annum – For accommodation bond agreements for all new residents from 1 July 2017 30 – 5.73% September 2017 For all new residents from 1 October 2017 – 5.70% 31 December 2017 For accommodation charge agreements for all new residents from 20 September 2017 - 3.50% 31 December 2017 Base Interest Rate Per Annum – For accommodation bond agreements for all new residents from 20 September 2017 - 3.75% 31 December 2017 Table 2 Maximum Daily Accommodation Charge for pre 1 July 2014 residents , (including those pre 1 July 2014 residents who enter your home during the period 20 September 2017 19 March 2018) – for fully supported, concessional and N/A charge exempt residents Residents who entered residential aged care between 20/3/2008 30/6/2014 – non-supported residents, if assets at entry are up to $36.13 or at least $122,650.40 capped at maximum rate of previous entry supported residents, if their assets at entry less than calculated amount $122,650.40 Residents who first entered residential aged care between 1/7/2004 19/3/2008. – assisted residents, if assets at entry are at least up to $13.21 $71,609.00 assisted residents, if their assets at entry are less calculated amount 3 than $71,609.00
Pensioner allowable limit for Accommodation bonds Residents who initially entered care to 20 March 2008 and agree to roll over a bond of more than 9 times the annual single age pension. $190,500 Minimum Assets Amount A resident must be left with this amount when calculating the maximum accommodation bond. $47,500 Cut-off Level for supported resident status $47,500 for partially supported 3 resident status $122,650.40 for payment of accommodation supplement for residents in services that are significantly refurbished or built $162,815.20 Interest Rates Maximum Permissible Interest Rate – Per Annum For accommodation bond agreements for all new residents from 1 July 2017 – 30 September 2017 5.73% For all new residents from 1 October 2017 – 31 December 2017 5.70% For accommodation charge agreements for all new residents from 20 September 2017 - 31 December 2017 3.50% Base Interest Rate – Per Annum For accommodation bond agreements for all new residents from 20 September 2017 - 31 December 2017 3.75% Table 2 Maximum Daily Accommodation Charge for pre 1 July 2014 residents , (including those pre 1 July 2014 residents who enter your home during the period 20 September 2017 – 19 March 2018) for fully supported, concessional and charge exempt residents N/A Residents who entered residential aged care between 20/3/2008 – 30/6/2014 non-supported residents, if assets at entry are at least $122,650.40 up to $36.13 or capped at maximum rate of previous entry supported residents, if their assets at entry less than $122,650.40 calculated amount Residents who first entered residential aged care between 1/7/2004 – 19/3/2008. assisted residents, if assets at entry are at least $71,609.00 up to $13.21 assisted residents, if their assets at entry are less than $71,609.00 calculated amount 3