Hi, I wondered if anyone could offer advice on whether an ISA which is due to mature later this year, can be taken into account in a financial assessment. The monies from this were going to be used to pay off remaining mortgage on family property, however, brother in law is now in care home, and they are including this in his financial assessment. My question is I suppose could my sister use this money to pay off the mortgage off their jointly owned home when it matures or would social work/la demand this money, we live in Scotland.
Financial Assessment - ISA
- Thread starter Rebecca62
- Start date
This might help http://www.adviceoncare.co.uk/state-funding.htm
scroll down to, "So what do they include in assets and income?"
scroll down to, "So what do they include in assets and income?"
Thanks for your attachment. I guess this means that the answer is no she can't use ISA to pay off mortgage on the house, which effectively is still half of her hubby and the LA will add this money to the pot. Seems unfair when this is what the ISA was for, it matures this September. What is the point working all your life, being responsible I just don't get it.
