This includes investments, property, land, savings and bonds and cash savings.
Unlike non-residential care services, we will include the value of the property that you own and live in when assessing your capital. There are some circumstances where your property will be ignored, such as if your spouse is still living there.
If you have moved from the property you own into a residential or nursing home, the value of your property may be ignored for the first 12 weeks of your stay in a residential or nursing home. This called a 12-week property disregard, and it is to give you time to plan how you will fund your long-term care.
Eligibility applies only if capital is below £23,250, or for a shorter period if capital is close to that threshold.
You will still be charged according to income and savings within the first 12 weeks.
If you have a partner, 50% of any joint savings will count.