Making the decision to move into a retirement village can seem like a daunting experience. With so many things to consider, we wanted to make the process a little easier.
The following guide will arm you with the correct questions to ask and the key things to look out for. Enabling you to choose the option that suits your needs and is the right decision for you and your family.
The deferred management fee is your contribution to the refurbishment and management of the retirement village. It is charged on an “enjoy now, pay later” basis, and is deducted when your capital sum is repaid to you.
If you’ve considered moving into a retirement village you’ve no doubt come across the term ‘deferred management fee’, or DMF, but it’s important to understand what it means in the context of your unique personal circumstances.Find out more