Hello all,
The Financial Assessor came from our LA this morning as our Mum went into a CH last week.
We knew we would be self funding only for a very short time but its what happens after that surprised us.
I ploughed through all the Age Concern fact sheets etc last night and ended up very confused.
It appears that rather than greatly reducing your capital - the minute you go under £21,500 its only income that counts - (including the "notional income" from your capital) - so that our Mum will only have to pay £174 p.w. from then rather than the £430 we're paying now.
Also told that our LA have something called "fairer funding" and don't allow any CH in the area to charge top-ups and they're not allowed to charge different rates for private or LA funded clients.
We had though Mum would be paying nearly the full amount with the LA putting in around £20.00 per week and her capital would go down to almost nil in just over a year.
Sorry not explained very well but the man who came was excellent and has left us a really clear info sheet.
What a relief ! I know that some LAs do things differently but at least the "fairer funding" clause may be worth pushing nationwide as I've read a few posts re top-ups etc . If one LA can do this - shouldn't they all ?
Regards
Germain
The Financial Assessor came from our LA this morning as our Mum went into a CH last week.
We knew we would be self funding only for a very short time but its what happens after that surprised us.
I ploughed through all the Age Concern fact sheets etc last night and ended up very confused.
It appears that rather than greatly reducing your capital - the minute you go under £21,500 its only income that counts - (including the "notional income" from your capital) - so that our Mum will only have to pay £174 p.w. from then rather than the £430 we're paying now.
Also told that our LA have something called "fairer funding" and don't allow any CH in the area to charge top-ups and they're not allowed to charge different rates for private or LA funded clients.
We had though Mum would be paying nearly the full amount with the LA putting in around £20.00 per week and her capital would go down to almost nil in just over a year.
Sorry not explained very well but the man who came was excellent and has left us a really clear info sheet.
What a relief ! I know that some LAs do things differently but at least the "fairer funding" clause may be worth pushing nationwide as I've read a few posts re top-ups etc . If one LA can do this - shouldn't they all ?
Regards
Germain