For those with assets whose value lies between the lower and upper limits, the individual will pay a means tested contribution.
The Health Foundation, the Institute for Fiscal Studies, the King’s Fund and the Nuffield Trust have found that this means threshold rates are now 12% lower in real terms than they were in 2010-11. This inevitably means that ever more careful and strategic planning is required when considering residential care.
When considering residential or domiciliary care costs, please get in touch.