Although called a deferred fee and to be paid on departure the cheque for this amount is written prior to entry. The loss of earnings together with inflation can have a dramatic impact on the capital base of the resident by the time of actual departure.
A Ready Reckoner is offered to help indicate the financial impact of a move into a retirement village.
The Retirement Village Ready Reckoner is an indicator of potential outcomes, there are many variations to the arrangements to enter a Retirement Village within Australia and many input variables, it cannot be an absolute statement of financial outcomes.
Take this link and try the Ready Reckoner with your own personal circumstances - CLICK HERE
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