Care Home Fee advice
Care home fees can cost an average of: £28,500 per year for a residential care home, or £37,500 per year if nursing is required. You may fear having to sell your home to fund the cost of care or that the fees alone will drain your estate reducing the inheritance for the next generation.
We have extensive experience advising whether you are eligible for financial help from your local council or if the NHS should be paying the full cost of care and offer representation if you think your assets have been overvalued or you’re being asked to pay more than you should.
We have developed solutions to mitigate the cost of care such as our fixed fee GLP Property Protection Will - which will allow you to safeguard at least half the value of your property and our fixed fee GLP Family Protection Trust - where you transfer your main asset - usually the family home - into a trust.
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If you need residential care whether at home or in a care home, the Local Authority will undertake a financial assessment to determine whether you can afford to pay the full fees, part of them or none at all.
Capital (savings and property)* England
|Over £23,250||You must pay full fees (self-funder)|
|Between £14,250 and £23,250||The local authority will assume that this generates an income and this will be taken into account for your care home fee contributions|
|Less than £14,250||This will be ignored and won’t be included in the assessment|
Certain types of income, such as money from certain disability benefits and pensions, may not be counted in the assessment. All other income can be taken into account.
After reaching the lower thresholds, the Local Authority will take any Attendance Allowance and State Pension.
Is my home taken into account?
If you are considering care in your own home, your property will not be taken into account in the assessment.
If you are going into residential care the value of your property (less any outstanding mortgage) will normally be included in the assessment except if any of the following continue to live there:
- A spouse or partner
- A relative who is over 60 or incapacitated
- A minor under 18 who is dependent on the person in care
- A separated lone partner with responsibility for a minor
- In some circumstances, someone who gave up their own home to look after the person now going into care
Will I be forced to sell my home?
If there is nobody else living in the property, you may be able to get a deferred payment agreement from the Local Authority. Under this scheme, the Local Authority agrees to help you with the cost of care and will get these costs back when the property is eventually sold.
What if I prefer a more expensive care home than the local authority will pay for?
If the amount the Local Authority provides is less than the cost of your preferred care home, they will expect a top-up or third-party payment.
NHS continuing healthcare
NHS continuing healthcare is a package of care for people who are assessed as having significant ongoing healthcare needs. Eligible people are entitled to NHS funding for the full cost of care and accommodation.
If you have been denied NHS funding and are paying for your own care you may be able to reclaim care home fees through a legal challenge. Our team have successfully challenged and overturned decisions.
Latest Blog Posts
"We bought a flat for our son but if one of us needed care would we have to evict him and sell it?" - Ben Tyer in Thisismoney.co.uk
The following is taken from https://www.thisismoney.co.uk/money/pensions/article-7183375/If-needed-care-sell-second-flat-son-lives-in.htmlBen Tyer, head of private client at lawyersforlaterlife.org, a...
I am quoted in an article for thisismoney.co.uk discussing how to stop savings being eaten up by care home bills. I discuss when a property is taken into account for care fees and how, by owning...
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