When entering residential Aged Care, the assessment of your assets and income determines what you may need to pay to your service provider. The three main types of fees/payment you may be asked to pay include:

  • The basic daily fee – for all care recipients in permanent Aged Care.
  • A means tested care fee – paid in accordance with your financial circumstances.
  • An accommodation payment – a contribution towards accommodation costs.
KOPWA Aged and Community Care

Accommodation prices

For residents entering KOPWA on or after 1st April 2018: Residents can choose to pay for their accommodation by a Refundable Accommodation Deposit (RAD) OR a Daily Accommodation Payment (DAP) OR a combination of both.

The maximum accommodation price as a Refundable Deposit (RAD): $550,000. The Maximum Permissible Interest Rate (MPIR) for the period 1 Oct to 31 Dec 2020 remains at 4.02%
The equivalent daily payment (DAP): $60.57

Current as at 1 January 2021

Base Interest Rate is at 2.25%.

KOPWA Aged and Community Care