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ARTICLE · 29 JUNE 2012

Care Home Fees - Key Issues To Consider

DMH Stallard LLP
DMH Stallard LLP
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DMH Stallard LLP

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Recent press coverage has highlighted the complicated and changing rules surrounding the qualifying amount of capital savings for care home fees.

United KingdomFinance and Banking

Recent press coverage has highlighted the complicated and changing rules surrounding the qualifying amount of capital savings for care home fees. This article covers the key issues you should consider when thinking about protecting your assets and savings.

Most people who have more than £23,250 in assets, including their home, have to meet the full cost of care. The threshold differs slightly in Wales, and in Scotland care home residents are able to access free personal care.

Assessment of capital and the value of your home

When assessing your liability for care home fees a local authority will usually include the value of your house, although it is not taken into account in the following situations:

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