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What is an ingoing contribution?

contribution ingoing
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What is an ingoing contribution?

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10

For most people, this is the largest single payment that they are likely to make when entering a retirement village. This contribution will roughly equate to the market value of the property and it secures their right to occupy their new home. Most of this deposit will be refunded upon departure, although some may be retained by the operator as an outgoing contribution/deferred management fee.

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