What is a Deferred Management Fee?
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. However, it’s important to understand what the value of this fee will be when you vacate the village.