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 ian.gilmour.@thefrygroup.co.uk.