How do we work out your contribution?
Once you have filled in the financial assessment, we will assess the information that you have given us based on your income and capital assets, to work out the contribution we will expect you to pay if you go into a care home permanently or on a short term basis.
If you are entitled to certain benefits but have not made a claim for them, we will financially assess you based on your benefit entitlement - this is called notional income.
We will look at the following:
- capital (bank accounts, savings, investments, property and business assets)
- income (state pension, private pensions and state benefits)
- property (details about your home and who lives with you)
- housing costs (bills and expenses)
- disposed assets (any money or property you have given away).