Completing a Financial Assessment

After your care needs assessment, we will ask if you would like a financial assessment. This will help us work out what you will pay for your care, and how much we will contribute.

We are committed to ensuring that everyone is treated fairly. With a principle that people should only pay what they can afford.

Completing a financial assessment tells us how much you can afford to pay towards your care and support. It looks at your:

• assets, such as savings, investments, property and land
• income, such as pensions and benefits
• expenses, which will be different for care at home and residential care
• any capital, assets or income you have gifted or transferred 

If your combined income and assets are:

• less than £23,250, you may be eligible for support to help pay for your care
• more than £23,250, you will have to pay the full cost of your care, however we can support you to arrange care

Why complete an assessment

It is important that an assessment is completed promptly to ensure funding is in place and set correctly. We aim to make sure everyone who needs an assessment can access one as soon as possible. 

As part of the assessment, we will confirm:

• if you are eligible for support we will tell you the chargeable cost of your package of care and how much your contribution will be. 
• if you are entitled to a financial contribution towards the services from us. This will be recorded within your personal budget.
• if you are not eligible for financial support you will need to fund your own care

Do I have to provide my financial information?

You do not have to tell us about your finances. However, if you don't, we will assume that you are prepared to pay or self-fund the full cost of your care. 

If you do provide your financial information, we can work out how much you can afford to pay and how much we will contribute.