Care Home fees and Drawdown Pension.

wazzer

Registered User
Jun 4, 2008
112
North west England.
Can I ask the following question which has recently been broached in conversation:-
If a person has retired and has a lump sum invested in a Drawdown Pension, which allows ad hoc withdrawals and the investment is worth more than £23500 is it taken into account by the Council when working out Care Home Fees?
Somebody has said that the Council are only allowed to take 4% a year of the investment to put towards Care Home Fees.
Can anyone confirm that this is correct or otherwise.