The government has recently opted to leave charging thresholds for residential care as they are for the ninth consecutive year. Consequently, the lower and upper capital limits remain at £14,250 and £23,250 respectively.

This means that whilst those with assets of less than £14,250 do not have to pay for their residential care, those with assets worth more than £23,250 must pay the full cost.

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 with Ian Gilmour, Accredited Later Life Adviser and Member of SOLLA,  on 01903 231545 or email


This entry was posted on Tuesday, 19th February 2019 at 11:33 am and is filed under Estate Planning. You can follow any responses to this entry through the RSS 2.0 feed.

Tags: care, old age, Planning