Designed for Australian families
RAD deposit
A lump sum payment held by the provider. Under newer arrangements, a small retention amount may be deducted before the balance is refunded when your parent leaves care.
DAP daily payment
A daily interest payment charged on any unpaid portion of the RAD. Non-refundable.
Compare the trade-off
Many families compare daily, partial upfront, and full upfront options before asking a provider or adviser more detailed questions.