When you leave you pay a Deferred Management Fee (DMF) or an Exit Fee as it is often called. This fee is based on your length of stay. There are two parts to the fee:
- a non-refundable component of 6%, and
- 3% per year of the ingoing contribution for a maximum of 8 years
For example, if you leave at the end of three years, Anglicare retains a total of 15% (being 6% non-refundable amount, plus 3% departure fee x 3 years). If you stay more than eight years, the minimum refund will be 70% of the ingoing contribution.