Hello everyone,
I have posted a few threads on the forums over the past year, all to do with my sister-in-law(SIL).
Anyway, an update and a question (sorry to be a nuisance). She is fine and well cared for. Since going into the N.H a year ago she has increased her weight, which is good compered to the way her appearance was, and gone up a clothes size. Her memory still gives her some problems, and she is fragile, but she is still capable of taking herself off to the toilet. Taking her out she enjoys, however she starts clock watching (if only she could really make out the time) when it approachesd mealtimes has she doesn't want to miss them. So, by the by all is calm and well...for the moment.
She is fully funding, however, and to my guess-timation the home fees will increase by 5% each year on top of what she pays, which come April she will be paying over £400 a week. The home is in line with the fees set out by the local social services.
She has savings, which at the rate of increase will last two years minimum. Then there is the sale of her property, which we all know thats a poor mover market at the moment.
Anyway, Im babbling on, apologies, the question is: what is the absolute maximum savings a person is allowed in an account before the state kicks in to fully fund, and I stress fully fund?
My husband seems to think its £20,000. Me personally I think the state will allow you enough to have a good funeral, say around £3,000. I remember years ago(1993), working in a residential home, where the state funded residents had all their pensions (state and private) taken to cover costs and were reimbursed with £5 as pocket money. State not exactly going overboard with allowing them enough to save for a rainy day would you say, so how £20,000 sat in a persons bank account will warrant them receiving full funding is beyond belief to me.
So, please, if you wish to prove me wrong I would welcome it, and Im sure hubby would too.
A 'belated' Happy New Year to you all
I have posted a few threads on the forums over the past year, all to do with my sister-in-law(SIL).
Anyway, an update and a question (sorry to be a nuisance). She is fine and well cared for. Since going into the N.H a year ago she has increased her weight, which is good compered to the way her appearance was, and gone up a clothes size. Her memory still gives her some problems, and she is fragile, but she is still capable of taking herself off to the toilet. Taking her out she enjoys, however she starts clock watching (if only she could really make out the time) when it approachesd mealtimes has she doesn't want to miss them. So, by the by all is calm and well...for the moment.
She is fully funding, however, and to my guess-timation the home fees will increase by 5% each year on top of what she pays, which come April she will be paying over £400 a week. The home is in line with the fees set out by the local social services.
She has savings, which at the rate of increase will last two years minimum. Then there is the sale of her property, which we all know thats a poor mover market at the moment.
Anyway, Im babbling on, apologies, the question is: what is the absolute maximum savings a person is allowed in an account before the state kicks in to fully fund, and I stress fully fund?
My husband seems to think its £20,000. Me personally I think the state will allow you enough to have a good funeral, say around £3,000. I remember years ago(1993), working in a residential home, where the state funded residents had all their pensions (state and private) taken to cover costs and were reimbursed with £5 as pocket money. State not exactly going overboard with allowing them enough to save for a rainy day would you say, so how £20,000 sat in a persons bank account will warrant them receiving full funding is beyond belief to me.
So, please, if you wish to prove me wrong I would welcome it, and Im sure hubby would too.
A 'belated' Happy New Year to you all
