Aged Care · By Asset Level

Aged Care Fees With $1.5m in Assets

What would residential aged care cost with $1.5 million in assessable assets? Both fee regimes, side by side, computed with the official means assessment — plus the full calculator preset to this amount.

Both fee regimesMeans assessmentAccommodation status

01 —INPUTS

Date you entered (or will enter) residential care

This is the branch that matters — not a tax year. From 01/11/2025 the Aged Care Act 2024 fees apply; before that, the older means tested care fee does.

Your situation

A couple with one partner entering care is assessed as illness separated: half the combined income and assets belong to each of you.

Annual assessable income

Includes the Age Pension, deemed income, rent and super income streams.

Assets excluding the home

Super, savings, shares, car and contents.

I own the home I am leaving

02 —RESULTS

Daily fees for your care$196.27 /day

Basic daily fee (everyone pays this)$66.80 /day

Hotelling contribution$22.15 /day

Non-clinical care contribution$107.32 /day

Accommodation (you negotiate a room price)Room price

Total per day including accommodation contribution$196.27 /day

1 November 2025 fee arrangements · Pays the agreed room price

Your means tested amount of $317.56 a day exceeds the $72.30 maximum accommodation supplement, so you get no government help with accommodation and negotiate a room price with the home — payable as a RAD, a DAP or a mix.

How your means tested amount was built

Assessable income$47,414 /yr

Assessable assets$1,500,000

Income tested amount$16.62 /day

Asset tested amount$300.93 /day

Means tested amount$317.56 /day

Your caps

The non-clinical care contribution stops at a $137,917 lifetime cap or after 4 years of paying it, whichever comes first. At $107.32 a day you would reach the dollar cap in about 3.5 years, so the 4-year cap would not bind first. Clinical care is fully government funded under these arrangements.

Rates current at 20 March 2026; the next indexation is 20 September 2026. Accommodation costs are on top of these daily fees — use the RAD/DAP converter to price a room.

Next best steps

Seniors Health CardScreen the income-tested alternative when Age Pension is nil Rates & thresholdsCheck every current 2026 Age Pension setting in one table Gifting & deprivationSee how much of a gift becomes a deprived asset Retirement action planPrioritise Age Pension, super and drawdown actions

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Aged Care Fees at $1.5 million, Both Regimes

Both columns describe the same person — single, not a homeowner, $1.5 million in assessable assets, $47,414 a year in assessable income. The only thing that differs is the date they entered care, and therefore which fee regime applies.

Cost	Entered on/after 1 Nov 2025	Entered before 1 Nov 2025
Basic daily fee	$66.80	$66.80
Hotelling contribution	$22.15	—
Non-clinical care contribution	$107.32	—
Means tested care fee	—	$78.96
Daily care fees	$196.27	$145.76
Accommodation	Room price	Room price
Accommodation status	Pays the agreed room price	Pays the agreed room price
Means tested amount	$317.56 /day	$151.26 /day

Accommodation is quoted separately by each home and is not public data, so it is shown here as a status rather than a dollar figure. If you have to negotiate a room price, the RAD/DAP converter turns an advertised lump sum into a daily payment.

Compare

Aged Care Fees at Other Asset Levels

Daily care fees under the 1 November 2025 arrangements, from $100k to $1.5 million in assessable assets.

$100k $66.80/day $200k $66.80/day $300k $79.99/day $400k $95.37/day $500k $97.61/day $750k $144.68/day $1m $188.29/day

$1.5m You are here

← $1m

FAQ

How much are aged care fees with $1.5 million in assets?

Someone entering residential care on or after 1 November 2025 with $1.5 million in assessable assets pays an estimated $196.27 a day in care fees — the $66.80 basic daily fee plus $22.15 hotelling contribution and $107.32 non-clinical care contribution. On top of that they face a room price negotiated with the home, on top of the daily fees. Someone who entered before that date pays $145.76 a day instead, because the older means tested care fee of $78.96 a day applies rather than the two new contributions.

With $1.5m in assets, will the government help with my room?

Your means tested amount decides it. At $1.5 million it works out to $317.56 a day under the 1 November 2025 arrangements, against a maximum accommodation supplement of $72.30 a day. That is above the supplement, so you get no government help with accommodation and negotiate a room price with the home.

Does $1.5m include my house?

This page treats $1.5 million as your total assessable assets for a non-homeowner — super, savings, shares, car and contents. If you own a home, it is added on top but only up to the $214,884 home exemption cap, and it is excluded entirely while a protected person such as your partner still lives in it. Enter your home separately in the calculator below to see the difference.

What income does this assume?

The aged care means assessment counts the Age Pension itself as income, plus deemed income on your financial assets. This page assumes exactly that and nothing more: $47,414 a year at $1.5 million in assets. If you have a defined-benefit pension, rent or work income on top, your means tested amount and your fees will be higher — add that income in the calculator below.

Own a home as well? Add it in the full fee calculator or price a room as a RAD or DAP.

Tax Accuracy & Sources

Reviewed: 15 August 2026 · Tax year: 2026-27

This page estimates residential aged care fees with $1.5 million in total assessable assets for a single non-homeowner, with assessable income modelled as the Age Pension payable at that asset level plus deemed income on the same assets. It uses the same means assessment engine as the full aged care fee calculator. It excludes the family home, special disability trusts, granny flat interests, hardship assistance, respite care and higher everyday living fees, and it does not quote room prices — those are negotiated with each home.

Aged care toolkit

Work through the rest of the cost picture

Aged Care Fee Calculator Run the means assessment for both fee regimes from your income, assets and home. RAD to DAP Converter Convert a room price into a daily payment at the current MPIR, including part-RAD splits. Age Pension Calculator The pension is counted as income in the aged care means assessment. Gifting & Deprivation Gifts above the free areas stay in your assessable assets for 5 years. Deeming Calculator Deemed income on financial assets flows straight into the means assessment.