We’ve created this website specifically for UK based, qualified financial advisers only.
If you’re not a financial adviser we can redirect you to the appropriate part of our website.
Please confirm if you’re an adviser.
Finding out whether your clients qualify for local authority funding is a two-stage process:
Everyone is entitled to a care needs assessment, irrespective of how much money or capital they have.
Your client will be liable to pay all of their care costs if their savings and assets are over the savings threshold for local authority funding. If your client’s income and savings are above this limit it’s still worth contacting the local authority. These are the thresholds for the tax year 2020-21:
|Part of the UK||Savings threshold for local authority funding|
|Wales||£24,000 (care at home) or £50,000 (care in a care home)|
Sourced: 18 March 2021, View - Money Advice Service
If your client’s income and savings are below the savings threshold, they may be eligible for funding but the local authority may still expect them to contribute from any income they receive. Income contributions shouldn’t take your client's income below the weekly Personal Expenses Allowance (PEA), in Wales this is called the ‘Minimum Income amount’. This is for personal expenditure on items such as toiletries and haircuts. The weekly PEA for 2020/21 is between £24.90 and £32.00 (depending on which part of the UK you live in).
In the financial assessment, the following assets aren't included:
These are some of the assets that are excluded. Some assets are partially disregarded in calculating how care should be funded. A list of what’s included in any financial assessment can be found View - here.
Information researched and accurate as of March 2021. Not to be relied upon by advisers or their clients.
This website is designed to give professional financial advisers information and tools that they can use to help control and develop their business and should not be relied upon by private investors or any other persons.