You will have to pay a departure fee when you leave the village. This departure fee is often called a Deferred Management Fee or Exit Fee. This fee is based on your length of stay and the financial model you chose going into the village. For example, if you chose a 30% deferred management fee, the two parts of the fee would consist of:
- a non-refundable component of 6%, and
- 4% per year of the ingoing contribution for a maximum of 6 years
If you leave at the end of three years on a 30% deferred management fee option, Anglicare retains a total of 18% (being 6% fixed amount, plus 4% departure fee x 3 years). If you stay more than six years, the minimum refund will be 70% of the ingoing contribution.