![]() ![]() You can choose to get your personal budget in 2 ways: If you qualify for council help with costs, you'll be offered a personal budget. The council will write to you about how much your care will cost and the amount you have to pay. If you need a paid carer to come into your home, the value of your house won't be included in the financial assessment.īut if you're paying for a care home, the value of your house will be included unless your spouse or partner is still living in it. Will I have to sell my home to pay for care? Make a list of any disability-related expenses you have so you remember everything when you're asked about it. savings in bank accounts, building societies, ISAs or premium bonds.Make sure you have all the information you'll need. How to prepare for a financial assessment If the council thinks you have reduced your wealth on purpose, it might stop you getting any type of financial help. The assessment can ask you about things you used to own. It won't work to spend your money or give your property away before the financial assessment. They won't need to know about the value of your possessions or any life insurance policies. benefits (including Attendance Allowance or PIP).What happens during a financial assessmentĪ Financial Assessment Officer from the council will contact you to ask about things like your: You don't need to get a financial assessment yourself. The financial assessment is free and happens after a needs assessment or carer's assessment. The more money you have, the more you'll be expected to pay. It may be that you'll have to pay towards the cost of your care. From October 2025 this will rise to £100,000 in savings. In England the council generally helps to pay for care costs if you have savings less than £23,250. A financial assessment or means test works out if the council will pay towards your care. ![]()
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