How we work out your contribution
The financial assessment will look at:
- Your regular income – such as pensions, benefits or earnings. You’ll normally be expected to use part of your income to help pay for care, although some income will not be considered, such as your earnings from any paid work you do.
- Your capital – such as cash savings and investments, land and property (including overseas property), and business assets. If your capital is above a certain threshold, you’ll have to pay the full costs of your care yourself. If your capital is below that threshold but above a lower limit, it’s taken into account by assuming it produces an income (called the ‘tariff income’) at a set rate. Any income from the capital is ignored.
As part of the assessment, we will consider any savings you have, as follows:
| Savings | Contribution |
|---|---|
| Below £14,250 | We will not take these savings into account in the assessment |
| Between £14,250 and £23,250 | For every £250 (or part of £250) of savings you have we will add an extra £1.00 to the income we use in your assessment. |
| Above £23,250 | We will assess you as being able to pay the maximum contribution, no matter what other income and disability costs you may have. |