Financial Care Assessment

Each Local Authority (LA) in Wales has a statutory duty by law to assess every individual’s financial situation regarding the payment of care services. When seeking finance for care provision for yourself or a loved one, you can ask for a financial assessment, though this should be offered to you on approaching your social services department.  

 

Prior to the financial care assessment, you must ensure that you have applied or secured the benefits that your or a loved one are entitled to d, as they will be included within the financial care assessment review. The assessment will not take into consideration the value of your or a loved one’s home. In the event that you or a loved one are cohabiting with a partner, the financial situation e.g. (income / capital /savings / trust funds / pensions etc) will be calculated on an individual basis.

 

So, how much financial support could you or a loved one be entitled to? If you are seeking support for yourself or a loved one and live in Wales with a total capital (i.e. what you earn or possess in terms of savings / pension / trust funds etc) amounting to less than £13,500 then you could be entitled to part or full public funding support. If the total capital exceeds £22,500, then you are more likely to be required to pay for your own personal care (again if living in Wales). Visit our Approved Supplier list for information on financial planning. 

 

And remember there are credit payments also available that you or a loved one could be entitled to. During the financial care assessment review, we recommend that you enquire about Pension Credit, Savings Credit and Council Tax Benefit payments at least to ensure the best financial support possible from the start.

 

For further information, visit the Government’s website on www.dwp.co.uk or

http://www.direct.gov.uk/en/CaringForSomeone/CareHomes/DG_10031525