Most retirement villages are resident-funded villages. This means that residents contribute to the costs associated with the day-to-day and ongoing management and maintenance of the village. This is an effective way of ensuring that facilities and services, that would normally be out of reach of most people, are available.
The main ongoing expenses for residents are phone, electricity, contents insurance and fortnightly recurrent charges. The recurrent charge is a fee that covers the running costs e.g. day-to-day village management and administration, general village maintenance, insurance, gardens and lawns.
The recurrent charge is in line with pension increases in March and September and costs depends on size of the villa, and whether there is a single or couple residing within your villa. Once you leave the care of St Agnes’ Care & Lifestyle, you will be required to continue to pay the recurrent charges for a period of forty-two (42) days.