Note: The MPIR used in this example (6.31%) is current as at 1 October 2022.
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Refundable Accommodation Deposit (RAD)
If you choose to pay an amount as a lump sum, the balance is refunded when you leave the aged care home. Any amounts that you have drawn down from the lump sum to pay other aged care costs will not be refunded.
Paying a lump sum will reduce your Daily Accommodation Payment.
