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Financial Information

Welcome to our Financial Information page, where we aim to provide transparency and clarity regarding the financial aspects of residential dementia care. We understand that navigating the costs and funding options can be challenging, and we are committed to helping you make informed decisions. Here, you will find essential information about care home fees, payment options, financial assistance, and insurance coverage. We believe in open communication and want to ensure that you have a clear understanding of the
financial aspects involved in providing the highest quality care for your loved ones. Please explore the following sections to gain valuable insights into the financial aspects of our care home services

Care Home Fees & Property

  • If your loved one has capital over a certain threshold (£23,250 in England; £50,000 in Wales), they may not qualify for financial assistance from the Local Authority. Private care fees will need to be covered from existing capital and income.
  • The means test includes most savings and assets, but certain exceptions apply to the property. For instance, the home is not included in the means test if a child under 16 lives in the property, if care is being provided on a temporary basis, or if a relative over 60 or a disabled relative resides in the house.
  • During the first 12 weeks following admission to a care home, the property is excluded from the means test. The local authority may assist with care fees within certain limits. A "third-party top-up" may be required to cover the difference between actual care fees and the local authority contribution.

Council Tax

  • Council Tax is payable on properties left unoccupied by individuals who have moved to receive personal care, whether in a hospital, care home, or elsewhere. Generally, residents of care homes or those whose main home is a hospital are exempt from
    paying Council Tax.

Choosing a Higher Quality Care Home

  • While the local council typically pays for care based on assessed needs, you have the option to choose a care home with higher fees. In such cases, a third party (usually a relative or friend) may be asked to pay the additional amount as a "top-up fee" Your own contribution is determined based on the financial assessment.

Upfront Fees

  • We do not charge any administration or management fees. However, residents who are paying for their own care are required to pay a deposit equal to four weeks fees prior to moving in. This deposit can be used toward any outstanding fees, damage, or other final charges upon contract termination.

Stae Benefits

  • Many state benefits are means-tested, but Attendance Allowance is an exception. It is a non-means-tested, tax-free benefit available to individuals over 65 who have needed care for longer than six consecutive months. The allowance is paid at different rates depending on the level of care required.
  • Individuals under 65 may qualify for a similar benefit called Personal Independence Payment.
  • Please note that each individual's financial situation may vary, and we recommend consulting with an Independent Financial Advisor or a specialised organisation that focuses on care fees planning for personalised advice.