Paying for adult social care

A financial assessment to determine how much you will need to pay, if anything, towards care provided in a residential or nursing home, if you are considering moving into a care home.

Once your care and support assessment is complete, you or someone acting on your behalf must complete a financial assessment.

Information we need from you

You will need to provide us with accurate information with supporting evidence about:

• your contact details and who, if not yourself, will be your acting on your behalf
• your income
• your savings, capital and investments
• your expenditure (such as rent, mortgage and Council Tax)
• information to help us check you are in receipt of all the welfare benefits you are entitled to, if you wish

How we calculate the charge

Anyone receiving residential care, arranged or provided by us, undergoes a means-tested financial assessment. This determines how much they can afford to contribute towards their care. The assessment considers income, capital, and assets. The rules applied to the assessment differ from non-residential care.

Your capital

If an individual has capital above the upper threshold of £23,250 they must pay the full cost of their care. Those with capital below this limit contribute based on their income, ensuring they retain a Personal Expenses Allowance (PEA) for personal use.

If you have savings above £23,250, your financial assessment officer will complete a capital calculation to help determine when you may be eligible for help with funding your care.

You should tell us when your savings approach £23,250 so that we can help you be prepared in planning for your future funding. 

If you own property

If you are a temporary resident we will not include the value of the home you live in. However, if you own any property or land other than the home you live in, the value will be taken into account.

For permanent residential financial assessments, all property owned by you, either in part or in full, will be considered when calculating an assessed charge.

If you are a permanent resident and your savings are below £23,250 we will ignore the value of the property for the first 12 weeks of permanent care. If eligible, your home will be taken into account from week 13 of your care placement.

If you own a second property its value will be taken into account from the date of admission. Failure to keep up with the payments can result in a move to a more affordable home.

Disregarding the value of your property

If you are a permanent resident, your main, former home will not be taken into account if it remains occupied by a person who is:

• aged 60 or over
• a child of the resident aged under 18
• incapacitated

When care home costs are higher than what we will pay

If you choose a care home that charges more than what we usually expect to pay, you will have to find somebody to pay a top-up. A top-up is the difference between what we will pay and the cost of the home you choose.

Family or friends can pay it on your behalf or, if we are taking your property into account and you can afford to, you can pay it yourself. We must be satisfied that the person paying the top-up can afford to continue payments throughout the duration of your stay.

Help paying care home fees

Once you have chosen your care home, you will need to decide how you are going to pay for your care fees. If you have been assessed to pay full cost for your residential or nursing care, there are 2 options available to you:

1. Choose to make your own financial arrangements independently of the council
2. Apply to the deferred payments scheme operated by the council

You should:

• speak to your financial assessment officer if you are interested in applying for deferred payments
• always seek independent financial advice

Contact us

If you have a question about your financial assessment and paying for your care, speak with your financial assessment officer direct or call 0208 760 5676. You can also email enquiries to deferredpayments@croydon.gov.uk.