{
  "api_version": "2.0",
  "url": "https://retirementwealth.com.au/api/v2/figures/rad_retention_rate.json",
  "schema": "https://retirementwealth.com.au/api/v2/schema/api.json#/$defs/figure_file",
  "docs": "https://retirementwealth.com.au/data/",
  "publisher": "retirementwealth.com.au",
  "scope": "Retirement Wealth provides selected factual information about Australian retirement rules and rates. It does not provide personal or general financial product advice or recommend financial products. Summaries may not cover every condition or exception. Check the linked official sources and obtain advice appropriate to your circumstances before making financial decisions.",
  "figure": {
    "id": "rad_retention_rate",
    "former_ids": [],
    "label": "Refundable accommodation deposit retention rate",
    "category": "aged_care",
    "category_label": "Aged care",
    "concept": "aged_care.residential.refundable_accommodation_deposit.retention_rate",
    "kind": "rate",
    "dimensions": {
      "cohort": "first_entered_residential_care_from_2025_11_01"
    },
    "value": 2,
    "display_value": "2% a year",
    "unit": {
      "code": "percent_per_year",
      "plain": "Per cent per year",
      "quantity": "ratio",
      "currency": null,
      "per": "year",
      "per_amount": null,
      "ratio_divisor": 100
    },
    "ratio": 0.02,
    "effective_from": "2025-11-01",
    "effective_from_basis": "value",
    "validity": {
      "from": "2025-11-01",
      "to": null,
      "basis": "value",
      "status": "in_force"
    },
    "applies_by": null,
    "resets": "legislated",
    "review_dates": [],
    "source": {
      "title": "Understanding aged care home accommodation costs",
      "publisher": "My Aged Care (Department of Health, Disability and Ageing)",
      "url": "https://www.myagedcare.gov.au/understanding-aged-care-home-accommodation-costs",
      "type": "primary"
    },
    "verification": {
      "status": "verified_primary",
      "checked_on": "2026-10-11"
    },
    "notes": "The share of a refundable accommodation deposit or contribution balance that a provider keeps each year, deducted regularly. It applies to people who first enter residential aged care on or after 1 November 2025 and pay by refundable deposit in full or in part.",
    "conditions": [
      {
        "text": "It applies to people who first enter residential aged care on or after 1 November 2025 and pay by refundable deposit in full or in part."
      }
    ],
    "exceptions": [],
    "caveats": [],
    "legal_basis": [],
    "derivation": null,
    "related": {
      "same_concept": [],
      "inputs": [],
      "used_by": []
    },
    "upcoming": [],
    "first_published": {
      "release": 8,
      "recorded_at": "2026-10-11T09:38:35Z"
    },
    "last_changed": {
      "release": 12,
      "recorded_at": "2026-10-13T08:24:56Z"
    },
    "cite_as": "Refundable accommodation deposit retention rate: 2% a year, applies from 1 November 2025. Official source: My Aged Care (Department of Health, Disability and Ageing), Understanding aged care home accommodation costs (last checked 11 October 2026). Retirement Wealth, https://retirementwealth.com.au/rules/aged-care/rad-retention-rate/",
    "links": {
      "self": "https://retirementwealth.com.au/api/v2/figures/rad_retention_rate.json",
      "page": "https://retirementwealth.com.au/rules/aged-care/rad-retention-rate/",
      "current_value": "https://retirementwealth.com.au/api/v2/figures/rad_retention_rate/2025-11-01.json"
    },
    "timeline": [
      {
        "value": 2,
        "display_value": "2% a year",
        "ratio": 0.02,
        "effective_from": "2025-11-01",
        "effective_to": null,
        "basis": "value",
        "status": "in_force",
        "source": {
          "title": "Understanding aged care home accommodation costs",
          "publisher": "My Aged Care (Department of Health, Disability and Ageing)",
          "url": "https://www.myagedcare.gov.au/understanding-aged-care-home-accommodation-costs",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/rad_retention_rate/2025-11-01.json"
      }
    ]
  }
}