Financial assessment calculator

Before starting your financial assessment, you need to ensure you have copies/evidence of the following as they will be required as part of the online process. 

Proof of income 

Examples of documents/evidence we will accept:

• State retirement pension
• Private and occupational pensions
• Pension Credit
• Employment and Support Allowance
• Attendance Allowance
• Disability Living Allowance
• interest from investments
• Annuities
• Bonds
• all other income

It does not include any earned income such as wages, however, should you want to enter this information into the assessment, you can do so. We can use this information when undertaking a welfare benefit assessment which could identify additional support that you may be eligible for.

Capital

Examples of documents/evidence we will accept:

• Savings accounts
• ISA accounts
• Current accounts
• Building society accounts
• Shares
• Investment bonds
• All other capital.

If you are entering information for a non-residential financial assessment, you will not need to include the value of your main or only home, however you will need to detail the value of any other property/land you own and/or rent to others.

If you are entering details for a residential financial assessment you will need to include the value of your main or only home and provide some details about who, if anyone, also lives in the property.

Expenditure

Examples of documents/evidence we will accept:

• Mortgage
• Rent
• Council tax payments
• Disability related expenditure (such as cleaner, gardener, laundry, and central call alarm costs)
• Reasonable housing costs

We will then use all these details to work out your assessable income, and the amount of money that you may have to pay for services.

Please note that you will need to provide exact amounts for each type of income, capital, and expenditure to get an accurate result. You may also be required to provide evidence in relation to any of your income and expenditure, failure to provide requested evidence may cause a delay in the financial assessment process.

Examples of where you can find this information:

• Bank statements for your current account showing incomings and outgoings
• Letters confirming pension and/or benefit amounts and frequency of payments – this will usually come from the Department for Work and Pensions, your employer/previous employer/pension company if you are in receipt of an occupational/private pension
• Statements for any savings accounts, ISA accounts, building society accounts
• Documentation detailing the value held in shares or investment bonds
• Documentation detailing any mortgage or rent payments you make and the frequency of payments
• Documentation detailing the ownership or joint ownership of any property, including any information relating to any equity release scheme if this is applicable
• Council tax statement and details of the frequency of payments
• Utilities bills (gas, electric, water etc) and details of the amounts and frequency of payments
• Any payments you make that are related to your disability

Other information

If you are deemed to be eligible for care and are asked to complete and submit your financial assessment data via the financial assessment calculator, your submitted figures will be reviewed and verified by a Financial Assessment Officer, who may also obtain information about your finances from other sources such as the Department for Work and Pensions.

You will need your National Insurance number and your unique Council reference number. This may be given to you as your LiquidLogic number and detailed on your assessment documentation, or alternatively you can get this from your allocated social worker.

If there is a Lasting Power of Attorney or a Deputyship Order in place, you will need to submit copies of these to us.

If you are completing an online financial assessment because your capital or savings have fallen below £23,250, and you are requesting financial support from us, you will need to provide statements for all your accounts that cover the last 12 months.