The costs associated with aged care can be very confusing. Some facilities charge their fees on a sliding scale and may initially appear cheaper, however depending on your individual situation may end up costing you a lot more than you thought and delivering much less.
The Grange has a simple and easy to understand fee structure, and because residents put up an accommodation bond which is largely returned at the end of their stay, in many situations people are financially better off with The Grange.
How the Accommodation Bond works
There may be considerable taxation and pension benefits to paying an accommodation bond as this money is exempt from government asset tests. The bond has the effect of reducing the weekly fee for most residents. The Grange retains a small amount of the bond each year, and the balance is returned at the end of the residency. Details are outlined in the terms and conditions.
Fee comparisons
Our friendly staff can provide you with a fee comparison guide, allowing you to compare the cost of being at The Grange with those of a basic nursing home. You may be pleasantly surprised with what you find.
It may also be helpful to consult an investment advisor before making your decision.