The capital means-tested limit used by Welsh local authorities to determine eligibility for assistance with residential care fees has been raised to £50,000. This is more than double the limit that applies in England and Northern Ireland and almost double that which applies in Scotland.
The Deputy Minister for Health and Social Services in Wales has announced an immediately effective £10,000 rise in the capital limit used by local authorities in Wales for assessing eligibility for financial assistance with residential care costs. The increase, which comes two years earlier than originally planned, means that residents in Wales will now be able to have up to £50,000 in savings, investments and/or other non-disregarded assets before they will asked to contribute towards their care costs from their own capital. Those with non-disregarded capital above this threshold, will be required to pay for all of their own care home fees.
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