Financial assessment calculator
How do I know if I need a financial assessment?
If you have below £23,250 in savings or capital, you will need to complete a financial assessment as this will determine how much you will need to contribute towards any care services you receive.
If you have over £23,250 in savings or capital, excluding the value of the home you live in, you will have to pay the full cost of your services. You will not need to complete a financial assessment however you can still ask us for a care assessment as you may still be supported in some capacity, for example with information and advice.
If you have over £23,250 in savings or capital and are currently a self-funder, if your funds are running low, you can use our handy calculator to give you an idea how long your savings might last based on the current cost of your existing care package. This is only an indicative timescale.
Please note this will only be an estimate, and in order to undertake the relevant eligibility checks we ask that you contact us around 12 weeks before you expect your savings to fall below £23,250. We will then undertake the Strength Based care needs and financial assessments and will let you know if you will qualify for funding assistance with your care costs.