Q: Will I need to pay a Means Tested Care Fee? A: The answer is often yes. The government uses a single formula to determine how much you can be asked to pay towards the cost of your accommodation and care, unfortunately it can be a little tricky to calculate. The Formula is: 50c per dollar of income above $28,100.80 p.a (single) $27,580.80 p.a (couple) plus 17.5% of assets $51,000 – $173,075.20 1% of assets $173,075.20 – $417,225.60 2% of assets over $417,225.60 Where the calculated amount is more than $58.69per day the amount above this threshold is the Means Tested Care Fee. Your Means Tested Care Fee is used to offset the funding the government provide to the aged care facility, so your Means Tested Care Fee cannot be more than your cost of care. There is also an annual limit of $28,338.71 and a Lifetime limit (which includes any amount you paid as an Income Tested Care Fee for a Home Care Package) of $68,012.98. If you are a Low Means resident you will not be liable for a Means Tested Care Fee unless there is a change to your circumstances.