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Elderly Care


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You have reached this page because you feel that you may not need to consider financial advice on your current care requirements.

In order to qualify for full funding of your nursing or residential care by your local authority, the total value of your savings, capital any property and other assets you own must be below the Lower Threshold limits in the table below:

 

Lower Threshold

Upper Threshold

England & NI

£12,250

£20,000

Wales

£13,500

£20,500

Scotland

£11,750

£19,000

Each £250 (or part thereof) of assets/capital you own between the Lower and Upper Threshold is classified as equivalent to you having £1.00 per week of income for financial assessment purposes.

If the total value of your assets is above the Upper Threshold you will be liable for your own care costs in entirety, less any non-means tested benefits such as Attendance Allowance. However, in Scotland a flat rate of £145 is payable, regardless of means.

If you feel you may have made a mistake, please click here to return to our online form to obtain specialist advice.

 Alternatively, please click here to access the Pension Service Website, where you may find advice on any benefits to which you may be entitled.

 

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Tailormade Care Solutions is a trading style of Tailormade Financial Services Ltd. Tailormade Financial Services Limited is authorised and regulated by the Financial Services Authority. Tailormade Financial Services Limited is entered on the FSA register under reference 458593

The advice and / or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.