How to fund long-term care is an important consideration when looking at home care.

Depending on your personal circumstances, there may be public funding or benefits available to you, or other finance options.
Most of our customers fund their care privately or via direct payments. If you’re funding care yourself, we do recommend that you first research whether any benefits are available to you. We’ve provided lots of advice here to help you get started and point you in the right direction.

Other funding options you may want to consider include purchasing an immediate needs annuity. We also get asked many questions around lasting power of attorney and other asset-related matters.

Financial support to pay for care

The threshold in England above which you’ll have to pay for your care in full, is £23,250.

If your assets, including most savings and investments, are greater than £23, 250, your local authority will assess you as being able to pay for your own care in full. If you need a paid carer to come into your home, the value of your house won't be included in the financial assessment.

If you’re unsure whether this is applicable to you, you can request a Financial Assessment from your local council to ascertain whether you are entitled to any help towards your care costs. The assessment will evaluate your financial means, and will calculate one of 3 outcomes; these are:

-The council pays for your care in full

-The council pays for some of your care

-You pay for all of your care