Financial assessments

From the section: Paying for care

In this section:

Financial assessments

A financial assessment can help us to understand if you can pay towards the cost of your care and support.

To find out how much you may be expected to contribute towards your care, please complete our online contribution calculator.

The short video below explains how we carry out a financial assessment. You can also read about financial assessments in easy read format.

Contact us

To contact us about a financial assessment:

How we work out what you’ll pay

To work out how much you will pay, we look at your income and savings. 

If you have savings over £23,250

If you have savings over £23,250, you will need to pay the full cost of your care. 

If you have less than £23,250, but more than £14,250 

If you have between £14,250 and £23,250 in savings, we will include them in your assessment. 

If you have less than £14,250

If you have savings of less than £14,250, we will not include them in your assessment.  

We’ll also ask you about any disability or care-related costs and tell you if there are ways to help fund the cost of your care, such as any benefits you could apply for. 

What you need to provide

Your income

We will ask you for proof of all your income, savings and investments. This could include: 

  • benefit award letters
  • details of any pensions including state pension and occupational or private pension
  • details of any state benefits including Attendance Allowance, Personal Independence Payment (PIP), Universal Credit, Carers Allowance, Industrial Injuries Disablement
  • housing benefit award letters
  • bank or building society statements
  • details of any savings accounts, ISAs, premium bonds, trust funds, shares or bonds
  • details of any property and land you own
  • details of any other income and investments

Your outgoings

We will also ask you for details of your expenses. This could include: 

  • mortgage payments
  • rental payments
  • council tax
  • recent fuel bills
  • recent receipts for disability equipment
  • care and support invoices for private care 

We will leave you with an amount of money that the Government says you must be left with to cover your living costs.