Our calculator helps you work out how much your Daily Accommodation Payment (DAP) will be, based on the size of the Refundable Accommodation Deposit (RAD), and how much the resident contributes as a lump sum.

Enter your numbers, or use the slider, its up to you.

Accommodation payment calculator

How much is the Refundable Accomodation Deposit (RAD) If you need to pay for the full cost of your accommodation and make your payment as a lump sum, this is called a Refundable Accommodation Deposit (RAD).
A Refundable Accommodation Deposit works like an interest-free loan to an aged care home.
If you choose this method of payment within 28 days of entering an aged care home, you have six months after you enter the aged care home to pay the lump sum amount.


How much will be paid by lump sum You can choose to pay for your accommodation as a part lump-sum Refundable Accommodation Deposit (RAD) and part rental-style payment known as a Daily Accommodation Payment (DAP).


Your Refundable Accommodation Deposit (RAD) is

$700 000

The amount you are paying by lump sum is

$350 000

Your Daily Accommodation Payment (DAP) is


Annually, the accomodation payment is

$11 560

DISCLAIMER: This calculator is based on Part 4, Division 2 of Fees and Payments Principles 2014 (no.2), made under section 96-1 of the Aged Care Act 1997. The results of this calculator are of a general nature and do not take into account the circumstances of the user. This calculator demonstrates a specific component of aged care costs, and may not adequately demonstrate all the payment options available to the resident. Those acting upon information provided by this calculator do so at their own risk.

This calculator doesn't tell you the impact of how you pay for accommodation on your means testing. For example, different combinations of how you pay may impact eligibility for the Age Pension, as well as the way the resident is assessed to contribute to the cost of care - this is where Later Life Advice can help you find the right balance.

Remember - the interest rate used to work out how much the resident will pay if they decided to pay for accommodation by daily payment is currently 5.96% . This is set quarterly, and this rate is correct until September 30 2018.

Read our free booklet

While the government offers support to older Australians in Aged Care, understanding and applying for help is confusing.

While you may not get to the bottom of all the detail, it is worth understanding how decisions around how you pay for care, and what you do with the former home can affect payments.

You may also be looking at a number of aged care providers. There are many reasons why one provider may be more suitable for your loved one.

Thankfully, comparing the costs is straightforward. We show you how to do it.