Quite often, elderly people find themselves being admitted into residential care with very short notice. When this happens, families are often thrown in at the deep end when gathering information about the provision of care.
We have put this section together to help you through this journey. However, we would recommend that you contact your local authority for further advice about care homes for the elderly.
We want everyone to experience the outstanding quality of care and accommodation we provide and to this end; we have made available a limited number of rooms where we accept local authority rates.
However, where a local authority ‘sponsored’ room is not available, a family member, friend or charity may ‘top up’ the fees by way of a ‘third party contribution’. This bridges the difference between our fee level and the level of fees the council budget allows. Your relative is NOT permitted to pay the ‘third party contribution’ if their capital is below £23,250.
If your relative has less than £23,250 of assets & savings combined, they may be eligible for funding by the local authority following an assessment of their care needs.
Your local authority will assess your loved ones’ care needs and undertake a financial assessment. The amount that the local authority will pay is capped and is dependent on the individual council.
Your relative will be expected to pay a contribution towards the funding, which is currently set at £1 per week for every £250 of capital between £14,250 and £23,250. If their capital is below the £14,250 threshold, the local authority funding will be based on income only and not capital. In this case, the local authority will take all the income to contribute towards their funding, with the exception of £23.50 per week, which is your relative’s ‘personal expenditure allowance’
Which method is best for me ?
Which method is right for you will depend on many factors including; life expectancy; the cost of an annuity; how much money you have and your attitude to risk.
We strongly advise that you seek professional advice before making any decisions.