Understanding the Deferred Management Fee
The following example shows how the Deferred Management Fee (DMF) is worked out in New Zealand, and how it affects the final payment to you or your estate when you leave a retirement village. Example – Mr C Mr C chose a unit in a village close to his old...
What is a care suite?
A care suite (sometimes also known as a care apartment) is generally a retirement village offering with care components governed by the Age-Related Residential Care (ARRC) Agreement. It offers the same type of care as a care home and is bound by the same rules. As this is a type...
Am I eligible for a medical alarm?
In New Zealand, there is a cost to rent and monitor a medical alarm and the weekly charge to monitor a medical alarm varies between suppliers. Provided you are eligible for the special Disability Allowance the cost of renting a medical alarm may be fully funded. The medical alarm has...
Making your own housing decisions
My family want me to move as they think I can’t manage in this house anymore. I appreciate their concerns but don’t necessarily agree with all of them. I’ve got a lot of friends along the street, and I love it here. What can I do? Take a piece of...
Is a rest home, care home, and residential care the same?
The short answer is, yes -sort of – but not quite. "Care home" and "residential care" are generic terms. They describe the overall service: a place where people live and receive care and support when they need help with daily living. A "rest home", on the other hand, refers to...
What is a serviced apartment?
A serviced apartment is a common retirement village option which provides certain services to people who are paying privately for these services. Commonly these people are reasonably independent. Services range from meals and cleaning services to, in some cases, high-end services such as a personal chef and chauffeur. High levels...
I live in a rest home. Is this the end of my sex life?
The short answer is: not necessarily. The reality is we are all sexual beings, and many people wish to continue an active sex life into their older age. It may be that you currently have a partner and you are facing separation due to the need for residential care, perhaps...
What is an ORA?
Buying into a retirement village works differently to purchasing a regular house. In most villages, you don't actually 'own' the unit or the land it's on, as you would in a traditional property purchase. Instead, the amount you pay upfront is called your Capital Contribution , which gives you the...
Financial means assessment - income & asset testing
There’s a lot to get your head around when it comes to how much of your care home fees you have to pay yourself and for how long. The rules and regulations governing this include means assessments and asset tests. You are responsible for paying for, or contributing towards, your...
Why is it important to eat regularly?
We expect that our diet and appetite will change as we age, and to a certain point eating less as you get older is normal. Mobility issues may cause older people to reduce the amount of physical activity they do, and their metabolism may slow down which results in less...
What is the Code of Residents Rights?
The Code of Residents' Rights outlines the basic rights you have as a resident living in a New Zealand retirement village under the Retirement Villages Act. A copy of it must be given to intending residents with their disclosure statement, as well as to any resident or potential resident if...
What is a Residential Care Loan?
In order to receive subsidised residential care, you need to pass a financial means assessment. This involves an asset test. If owning your former home puts you over the Asset Threshold and your other assets are under it, you may be able to get a government funded Residential Care Loan...
I'm going to a rest home? Will I have to pay for my care?
You are responsible for paying for, or contributing towards, residential care services just as you would pay for whatever you needed if you lived elsewhere. There is a maximum amount that you will have to pay (as long as provider meets certain requirements which all providers listed in the residential...
How can we help mum settle into her new rest home?
Moving into a care home requires a lot of major lifestyle adjustments. While everyone deals with change differently family members may be able to utilise the suggestions below to assist with this adjustment process. All mayor changes we make in life have some positive aspects and some less so. Remember...
Can I move to a rest home now?
Unless you are a a fully-private payer (i.e., paying for your care completely out of your own pocket), to move into a rest home or care home in New Zealand you will need to have an assessment, known as interRAI. This determines whether you need this type of care and...
Mythbusting - Will I get access to care on site?
If I live in a retirement village will I get access to the care home on-site? The truth is that if you need a high level of support and can no longer stay in your village unit, you are likely to be able to access care in the onsite care...
The rules around mobility scooters.
If you have limited mobility, mobility scooters can be great to way to maintain your independence and lifestyle. It is however necessary to have comparable skills and be just as safety conscious as you would in any other vehicle. The Land Transport (Road User) Rule 2004 states that a: mobility...
What is a statutory supervisor?
In New Zealand, all registered retirement villages are required to have a Statutory Supervisor. This is an independent role, separate from the Village Manager. The statutory supervisor keeps an eye on the financial management of the village and the security of the residents. They are regulated by the Financial Markets...