Hampshire Lifestyle Villages. Supplied pic.WE recently attended a retirement expo and made inquiries about the over-55s complexes. I was horrified at the additional costs and exit fees these complexes charge retirees.
Not everyone receives huge super payouts. How can they justify exit fees of up to 30 per cent of someone’s estate? The monthly fees I can understand but I feel the government should look into the exit fees as they are ridiculous and people in their golden years should not have to worry that their biggest asset will be affected and their children will lose part of the inheritance their parents worked so hard for in life.
It’s no wonder that relocatable home villages are becoming so popular. No stamp duty, no rates, no exit fees, security, great lifestyle and friendly people.
I urge all people thinking of these complexes to read the fine print before making their final decision.
Jan Wells, Fern Bay